AFR Comment Letter: Oppose Delay of International Derivatives Rules
AFR submitted a comment letter to the CFTC opposing the delay of key international derivatives rules. At a minimum, safe guards should be maintained if the delay is granted.
Category Archives: Financial Reform News
AFR in the News: Talking Populist, Walking Plutocrat: Paul Ryan on Dodd-Frank and the Volcker Rule
In a little noted speech to his constituents in May, Paul Ryan decried the “crony capitalism” that he said, prompted the big bank bail-outs of 2008 (though he himself voted for the TARP, and he himself gets massive campaign contributions from big financial firms).
AFR Letter: Oppose H.R. 2446
AFR sent a letter to members of Congress urging them to oppose H.R. 2446. This legislation will exempt payments related to homeowner warranties (also known as home service contracts) from the Real Estate Settlement Procedure Act’s ban on kickbacks and referral fees. We believe exempting payments related to these products from the ban on kickbacks and referral fees would be harmful to consumers.
AFR Celebrates the First Birthday of the CFPB
AFR sponsored an event celebrating the first birthday of the CFPB with Director Richard Cordray. The even was cosponsored by AFL-CIO, Consumer Action, Consumer Federation ofAmerica, Consumers Union, The Leadership Conference on Civil and Human Rights, National Community Reinvestment Coalition, National Fair HousingAlliance, and U.S.PIRG
Press Release: Advocates Urge CFPB to Ban Overdraft Fees and Payday Loans on Prepaid Cards
Consumer advocates, civil rights groups, and community organizations across the country urged the Consumer Financial Protection Bureau to ban overdraft fees and payday loans on prepaid cards in numerous comments filed with the Bureau yesterday.
AFR and CFA Letter Endorsing S. 3416
AFR and CFA sent a letter endorsing S. 3416, a piece of legislation which would enable the SEC to impose more meaningful fines on those who violate the securities laws and perpetrate fraud.
AFR Letter: Oppose H.R. 6139
AFR sent a letter to members of Congress urging them to oppose H.R. 6139. This legislation would weaken consumer protection against financial abuses, undermine the authority of the CFPB over a huge swath of consumer financial products and services, and override state consumer protection laws through preemption.
AFR Comment Letter: Ensure Prepaid Cards are Safe and Fair to Consumers
AFR submitted a comment letter cosigned by more than two dozen other organizations urging them to ensure that prepaid cards will be safe, fair, and appropriate for the consumers that use them.
AFR Letter: Oppose H.R. 2827
AFR sent a letter to members of Congress urging them to oppose H.R. 2827, This legislation would effectively eliminate new safeguards passed in the Dodd-Frank Act to protect taxpayers from financial exploitation. It must be rejected.
Dodd Frank Anniversary Poll: Three out of Four Voters Favor Strong Oversight of Wall Street
Financial reforms enacted in response to the financial meltdown remain popular with Americans likely to vote in 2012, a new opinion poll by Lake Research Partners shows. The poll was commissioned by AARP, the Center for Responsible Lending (CRL), Americans for Financial Reform (AFR) and the National Council of La Raza (NCLR). Saturday (July 21, 2012) marks the two-year anniversary of the Dodd Frank Act, which created the Consumer Financial Protection Bureau (CFPB).