Category Archives: Letters to Congress

Letter to Congress: Broad Coalition Supports the Stop Wall Street Looting Act

Today, private equity and hedge fund managers take advantage of gaps in regulations to make billions of dollars by looting real-world businesses and engaging in abusive practices without any accountability. They also pay taxes at a lower rate than teachers and firefighters. The undersigned organizations support the Stop Wall Street Looting Act (S.2155 / HR 3848 ). This legislation would eliminate tax, securities and bankruptcy law carve-outs that allow these Wall Street titans to make billions at the expense of workers, communities and pensions.

100 dollar bills - Photo by Pepi Stojanovski on Unsplash

Letter to Congress: Letter in Support of Debt Collection Bills

AFR and partners sent a letter in support of the package of debt collection bills to strengthen consumer protections for debt collection through broadening the FDCPA’s protections by expanding and clarifying the definition of debt and placing needed limits on collection efforts.

students in graduation cap and gowns - Photo by Caleb Woods on Unsplash

Joint Letter: 42 Orgs Urge Senator Alexander to Protect Consumers and Taxpayers

On October 9th, AFR joined with 41 organizations representing in a letter to Senator Lamar Alexander expressing concerns regarding his recently introduced bill, the Student Aid Improvement Act. Unfortunately, the bill fails to include any provisions that hold low-quality and sometimes predatory colleges accountable, and better protect students and taxpayers. Any reauthorization of the Higher Education Act (HEA) must include robust consumer protections.

a student with books - Photo by Element5 Digital on Unsplash

Joint Letter: 63 Orgs Urging Appropriators to Protect Pell in FY20 Spending Bill

Today, Americans for Financial Reform joined 62 other organizations on a joint letter to Senate appropriators urging them to oppose the overall Labor-HHS-Education spending allocation and the accompanying proposed $1.3 billion rescission from the Pell reserve fund and to instead fully retain all current Pell funds where they belong – in the Pell Grant program.