AFR and 5 other organizations urge Congress to reject HR 5424, a dangerous bill that would allow private funds to evade SEC examinations, and to distribute misleading and even fraudulent advertising materials.
“We are writing to urge you to oppose H.R. 5063, which would categorically prohibit federal settlements from including payments or in-kind relief to third-party organizations or others who were not direct victims of a defendant’s illegal conduct… Passage of this bill would make it substantially more difficult for settlements to provide relief to reach those harmed by illegal activity. “
“On behalf of Americans for Financial Reform (AFR), we are writing to express our very grave concerns about the “Financial CHOICE Act” and to urge you to oppose this measure. Passage of this legislation would have a devastating effect on the ability of regulators to protect consumers and investors from exploitation and the economy from financial risk. It would expose consumers, investors, and the public to greatly heightened risk of abuse in their regular dealings with the financial system, and our economy as a whole to heightened risk of instability and crisis. “
AFR support the U.S. Territories Investor Protection Act of 2016 to close an egregious, decades-old loophole that exempted companies in Puerto Rico, the Virgin Islands, and any other United States territory from the Investment Company Act of 1940 – a loophole that denied residents the basic investor protections afforded to residents of the mainland United States.
“Thank you for introducing the Wage and Garnishment Equity Act of 2016 (WAGE Act), which would amend the Consumer Credit Protection Act to protect workers from excessive wage garnishment. “
“On behalf of Americans for Financial Reform (AFR), we are writing to ask for your opposition to ideological policy riders in the current draft of – and proposed amendments to – the Financial Services and General Government Appropriations Act of 2017 (H.R. 5485) and for your support for amendments to remove such riders.”
“Americans for Financial Reform urges you to oppose H.R. 5211 or any similar bills that weaken the Consumer Financial Protection Bureau (CFPB) by confusing its statutory purpose or undermining its leadership structure. “
“AFR joined 51 other organizations to oppose any appropriations provision that would delay or block implementation of the Education Department’s gainful employment regulation or otherwise weaken or stall student protections from unscrupulous actors in the 2017 Commerce, Justice, Science Appropriations bill”
“As organizations that support the Department of Labor’s (DoL) rule to update and strengthen protections for retirement savers, we are writing to thank you for standing up for your hardworking constituents saving for retirement and opposing HJ Res 88, the Resolution of Disapproval that would block the rule’s implementation, when it was considered on the House floor in April. The House of Representatives is expected to vote tomorrow on whether to override President Obama’s veto of the Resolution and we ask you to again stand with your constituents and oppose the veto override. This rule is a tremendous accomplishment in the fight to improve our nation’s retirement income security and should be supported.”
“On behalf of Americans for Financial Reform (AFR), we are writing to oppose the current draft of the Appropriations bill on Financial Services and General Government (FSGG).
At the end of last year Congress wisely rejected multiple efforts to use the budget process to force through unrelated ideological riders, including changes in financial regulation that would undermine consumer protections, endanger financial security, and reduce accountability for large financial institutions. “