Letter to Congress: AFR Statement on House Financial Services Committee Capital Markets Hearing
AFR sent a statement on a House Financial Services Committee hearing reviewing three bills. AFR Statement on 11-3 HFSC Hearing
Category Archives: Letters and Statements
AFR Statement: New Report on Goldman Sachs and the Trump Administration
The New York investment bank has had other periods in the sun, but never before have its priorities been so hardwired into an administration in Washington. The report details Goldman’s interests in areas of public policy including financial regulation, tax cuts and infrastructure.
AFR Statement: Stop Senate Rush to Roll Back Protection from Forced Arbitration
This rush toward a vote in the Senate is a cynical attempt to roll back an important consumer protection before anyone gets straight answers from Equifax and Wells Fargo about the damage they’ve done to the financial lives of millions of Americans.
AFR Statement: Delay of Fiduciary A Ripoff of Retirement Savers, Gift to Wall Street’s Financial Advisers
Retirement savers need the fiduciary rule, fully enforced, to help ensure they can enjoy a dignified retirement. See the story of Steve Wingate to learn what happens without this common-sense protection.
SOR Statement: Don’t Delay the Fiduciary Rule, Protect American Retirement Savers
Members of the Save Our Retirement coalition speak out forcefully against the Department of Labor’s proposed delay of the fiduciary rule, a common-sense protection that would ensure savers get the best advice possible.
AFR Statement: Banks Require Forced Arbitration But Won’t Defend It Publicly
Bankers response to Sen. Elizabeth Warren about use of forced arbitration and cite tired, old arguments. But they won’t say publicly they want the CFPB’s rule reversed.
AFR Statement: Oppose Bills on Credit Scoring, Debt Collection, Fed Supervision
AFR opposes bills being considered by the House Financial Services Committee that are giveaways to credit bureaus, debt collectors and large banks.
AFR Statement: Oppose Quarles and Otting Nominations as Bank Regulators
The Senate should reject the Trump nominees for vice-chair of the Federal Reserve Board, Randal Quarles, and the Comptroller of the Currency, Joseph Otting.
AFR Statement: DeVos Decision to stop working with the CFPB is a betrayal of students and a boon to bad actors
The Department of Education’s decision to end information sharing with the Consumer Financial Protection Bureau (CFPB) is a betrayal of students and a boon to loan servicers with a history of preying on those students.
AFR Comment: AFR Supports CFP Board Update to Ethical Standards
“By making the fiduciary duty commitment stronger and more specific, these Proposed Revisions to the Standards For Professional Conduct for Certified Financial Planners will enhance CFP client service and assure the public that CFP professionals will reliably act in the best interests of the investor. We strongly support their inclusion in the final revisions to the Standards, and urge the CFP Board to resist any pressures to weaken them.”