“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. “
“On behalf of Americans for Financial Reform, we are writing to oppose the current draft of the Appropriations bill on Financial Services and General Government (FSGG)…Unfortunately, this appropriations legislation is once again loaded with ideological policy riders aimed at weakening Wall Street oversight…These ideological policy riders would weaken consumer and financial protections and should not in any case be attached to a funding bill. Even as a funding bill, this legislation falls short, as it cuts the SEC’s budget by $100 million…”
“On behalf of Americans for Financial Reform, we are writing to reiterate our opposition to HR 4139, the “Fostering Innovation Act”. This legislation would double the length of the existing exemption from compliance with Sarbanes Oxley Section 404(b) for “emerging growth companies”, from five years to ten years… Ten years is an excessively long exemption. This is especially true given the significance to the public and the financial markets of accurate financial reporting. “
“The undersigned organizations urge you to oppose H.R. 5112 or any similar bills that dramatically undermine the Consumer Financial Protection Bureau (CFPB) by eliminating its authority to prohibit abusive acts and practices and by imposing unworkable procedural requirements that would make it effectively impossible for the CFPB to write critical rules. “
“This rule is a crucial step to limit big banks’ and other financial companies’ efforts to escape liability if they break the law. Congressional or industry interference with the CFPB’s rulemaking process on forced arbitration would undermine consumer protection for critical financial products and services.”
“We… urge you to oppose any funding bills that include provisions rolling back or undermining financial reform. 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, or reduce accountability for big banks. It is vitally important that members remain committed to opposing such riders again this year. “
“On behalf of Americans for Financial Reform, we are writing to express our opposition to the “SEC Regulatory Accountability Act”. Despite the fact that the Securities and Exchange Commission (SEC) is already subject to extensive statutory economic analysis requirements, and has greatly increased its investment in economic analysis in recent years, this legislation would impose a host of unworkable new bureaucratic and administrative burdens on the agency. “