Letters to Congress Archives - Page 27 of 40 - Americans for Financial Reform

Letter to Congress: Delaying the DoL Fiduciary Rule Would Cripple It

“We are writing to urge you to tell both your leadership and appropriators that you strongly oppose any rider that will directly or indirectly defund, delay or otherwise interfere with the Department of Labor’s ability to finalize its rule requiring retirement investment advice to be in the best interest of investors…. Every additional day of delay adds to the losses that working families and retirees suffer because of financial advice that is not in their best interests. We urge you to let both your leadership and appropriators know that you stand with your hard-working constituents who are doing their best to save for retirement—and against any rider that would diminish their efforts. “

Memo: Who Really Benefits From Senator Shelby’s Financial Deregulation Proposal?

“Earlier this year, Senate Banking Chair Richard Shelby introduced the “Financial Regulatory Improvement Act of 2015” — a massive bill that gives a preview of the kind of regulatory rollbacks the financial industry will try to attach to end-of-year funding bills. In fact, Senator Shelby has already placed the entire bill into appropriations legislation that passed the relevant committee earlier this year.”

Letters to Congress: AFR, 30 Consumer Advocacy Groups Oppose Harmful Changes to Dodd-Frank, Oppose HR 1210

“The undersigned organizations write to urge you to oppose H.R. 1210 (the “Portfolio Lending and Mortgage Access Act”). This bill makes two harmful changes to the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and its implementing regulations: It takes a special exemption designed for more trustworthy small and rural banks and extends it to all banks, regardless of size or trustworthiness and it substantially weakens the Act’s ban on loan steering—a practice that supports predatory lending and racial discrimination.”

Letter to Congress: AFR, 65 Organizations Urge Congress to Stand Against Discriminatory Auto Lending and Reject HR 1737

“On behalf of the undersigned organizations, we urge you to oppose H.R. 1737, the so-called “Reforming CFPB Indirect Auto Financing Guidance Act.” This legislation is simply an effort to stop the CFPB from enforcing laws against discrimination… H.R. 1737 hides its intent behind a smokescreen of claims about process and regulatory jurisdiction. However, the bill is really about the unfair and discriminatory impact of car dealer interest rate markups. The bill is a misguided attack on the CFPB’s enforcement of anti-discrimination laws.”

Letter to Congress: AFR and 13 Organizations Oppose Hensarling Amendment to the Highway Bill

“We, the undersigned organizations, write to ask you to oppose the amendment by House Financial Services Chairman Jeb Hensarling (R-TX) to the Highway Trust Fund bill because it would undermine investor protections, and because it involves matters unrelated to the underlying bill. “

Letter to Congress: AFR Opposes HR 2209 and HR 3857

“…we are writing to express our opposition to HR 2209 and HR 3857. HR 3857 is a poorly drafted message bill that contains an overly vague mandate to the Federal Reserve and FSOC that would be difficult to interpret and could increase financial risk. HR 2209 mandates that banking regulators classify investment grade, readily marketable municipal debt obligations as level 2A liquid assets under the Liquidity Coverage Ratio (LCR) rule, the strongest liquidity category under the rule outside of cash and government debt.”

Letter to Congress: AFR Urges Congress to Protect Investors, Reject HR 3868

“On behalf of Americans for Financial Reform, we are writing to urge you to oppose HR 3868, the “Small Business Credit Availability Act”. This legislation would deregulate Business Development Companies (BDCs) in a manner that would increase risk to retail investors and retirees by exposing them to greater leverage. “

Letter to Congress: AFR Opposes Legislation That Would Weaken Oversight of Giant Financial Firms

“On behalf of Americans for Financial Reform, we are writing to express our opposition to HR 1550, HR 3340, HR 3557, and HR 3738. All of this legislation would dramatically weaken the ability of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) to identify and act to control emerging risks in our evolving financial system. “

Letter to Congress: AFR Opposes HR 1309, Radical Attack on Dodd-Frank Regulation of Big Banks

“On behalf of Americans for Financial Reform, we are writing to express our opposition to H.R. 1309, the “Systemic Risk Designation Improvement Act of 2015.” This legislation dramatically weakens central elements of the Dodd-Frank Act, undermining regulatory oversight of some of the largest banks in the country. “

Letter to Congress: AFR Joins 6 Organizations in Urging Congress to Support DoL Fiduciary Rule

“It has come to our attention that a Dear Colleague is being circulated asking Members to sign on to a letter to the Department of Labor (DoL) urging the Department, after “determining the specific changes [it] will make to the Rule,” to then provide an additional comment period before promulgating the final conflict of interest rule. We are writing to urge you not to sign on to this letter. “