AFR signed on in support of a letter sent to members of Congress today regarding four pieces of legislation that would threaten the ability of the CFPB to sufficiently protect consumers.If enacted, these bills would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.
Read the pdf here. May 4th, 2011 Dear Senator, As the Financial Services Appropriations Subcommittee begins consideration of fiscal year 2012 agency funding decisions, we want first to thank you for recognizing the role that the Securities and Exchange Commission (SEC) and Commodity Futures Trading
TALKING POINTS ON HR 1610 The Financial Crisis Inquiry Commission (FCIC) report made clear that unregulated derivatives markets played a critical role in the financial crisis of 2008. HR 1610 would create major loopholes in the Dodd-Frank derivatives rules. It would prevent regulators from requiring
Read our pdf here. May 3rd, 2011 Dear Representative, On behalf of Americans for Financial Reform, we are writing to urge you to oppose H.R. 1610, a bill that would introduce various new exemptions into the derivatives provisions of Title VII of the Dodd-Frank Act.
Read AFR’s letter to members of congress, urging their opposition to oppose H.R. 1082, which would amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers.
Read AFR’s letter to members of congress calling for their opposition to H.R. 1539, a bill that would hamstring the Dodd Frank Wall Street Reform and Consumer Protection Act’s effort to hold Nationally Recognized Statistical Rating Organizations (NRSROs) to a higher standard of conduct.
Read our letter to members of congress urging their opposition to H.R. 1062, that will repeal Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 953(b) requires public companies to disclose the pay disparity ratio between the company CEO and the median employee of the company.
44 Senate Republicans sent a letter to President Obama refusing to confirm any director to the CFPB unless the Bureau is significantly weakened. Read the full letter here.
CONGRESS OF THE UNITED STATES HOUSE OF REPRESENTATIVES WASHINGTON, D.C. 20515 Members of Congress Urge Justice Department and State Attorneys General to Protect Victims of Improper Foreclosures Members request assistance in shielding American consumers from mortgage servicers engaged in fraud around foreclosure crisis FOR IMMEDIATE
Read the letter here. April 25, 2011 Ms. Elizabeth Murphy Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-1090 Re: RIN 3235-AL02: “Proposed Amendments to Remove References to Credit Ratings in Rule 2a-7 Under The Investment Company Act of 1940” Dear