Americans for Financial Reform and seven other public interest organizations submitted a letter urging U.S. Senators to oppose the nomination of Jonathan V. Gould to serve as Comptroller of the Currency.
Americans for Financial Reform submitted a letter opposing several legislative proposals being considered at the House Financial Services Committee hearing “Beyond Silicon Valley: Expanding Access to Capital Across America.” Weakening investor protections in the name of capital formation threatens market integrity and exposes smaller, retail investors to unnecessary risk.
View or download a PDF of the letter here. Americans for Financial Reform, Consumer Federation of America, and Public Citizen led a letter in opposition to Delaware Senate Bill 21 (SB 21) with 29 additional signatories. If passed, SB 21 would overhaul Delaware corporate law
AFR and 24 partners sent a letter to the Senate Banking Committee opposing the FIRM Act. The bill purports to curb banking discrimination and enable equal opportunity to obtain financial services. But it would do nothing to prevent actual discrimination or improve access to financial services for people in protected classes.
Americans for Financial Reform along with 17 housing, consumer, civil rights, and labor organizations sent a letter urging the Senate Banking Committee to oppose the nomination of Bill Pulte to serve as Director of the Federal Housing Finance Agency (FHFA). Mr. Pulte’s residential rental real estate investments and private equity background make him uniquely unsuited to lead the FHFA.
Americans for Financial Reform along with 23 consumer, civil rights, community, labor, faith-based, small business, farm, and other organizations sent a letter urging the Senate Banking Committee to oppose the nomination of Jonathan McKernan to serve as Director of the Consumer Financial Protection Bureau (CFPB). The CFPB’s Director should preserve the Bureau’s integrity, capacity, and independence and stand up against capricious and unlawful efforts to defund, dismantle, or diminish the agency. Jonathan McKernan fails to meet these standards.
AFR submitted a statement for the record hearing that challenges the notion of so-called de-banking, which is really a red herring to obscure the real risks from reckless speculation, egregious self-dealing, or illegal and harmful financial transactions by the companies that complain.
AFR submitted a Statement for the Record to the House Financial Services Committee to oppose both the resolution of disapproval of the CFPB’s overdraft fee rule as well as the legislative proposals that would repeal or weaken the small business and farm lending transparency rules. These proposals will hurt everyday people, including consumers and their families, as well as small business owners and farmers and the communities they serve.
View or download a PDF of the letter here. Americans for Financial Reform and Public Citizen joined exactly 70 labor, community, consumer, environmental, and public interest organizations sent a letter urging the U.S. Senate to reconfirm Commissioner Caroline Crenshaw to the Securities and Exchange Commission. Commissioner
Americans for Financial Reform and Public Citizen along with 77 organizations and labor unions that advocate for racial, social, economic, and climate justice, wrote to urge Senate Majority Leader Schumer to confirm pending nominees for financial regulators and independent agencies like the National Labor Relations Board.