Letters to Congress Archives - Page 29 of 40 - Americans for Financial Reform

Letter to Congress: AFR Opposes Anti-Consumer Amendments in Appropriations Bill

“On behalf of Americans for Financial Reform, we are writing to express our opposition to two amendments being offered to the Financial Services and General Government Appropriations bill… The first would bar the Consumer Financial Protection Bureau (CFPB) from issuing any rule or regulation related to payday lending until it has completed at least four new and unnecessary studies and reporting requirements… The second amendment would similarly delay and obstruct CFPB efforts to write a rule to eliminate forced arbitration in consumer financial contracts, action that the Dodd-Frank Act authorizes the Bureau to take. “

Letter to Congress: AFR Joins 46 Organizations in Expressing Support for Dept. of Labor’s Proposed Rule for Protecting Retirement Investors

“As organizations that want to see protections for retirement savers strengthened, we write to express support for the Department of Labor’s proposed rule — now out for public comment — that would close loopholes and update the standards for retirement investment advice under the Employee Retirement Income Security Act (ERISA).”

Letter to Congress: AFR, 22 Organizations Urge Congress Not to Undermine the CFPB, SEC

“On behalf of the undersigned organizations, we are writing to express our opposition to the Financial Services and General Government appropriations bill. Key elements of this bill would undermine the capacity of financial regulators to protect consumers and oversee our financial markets. By removing independent funding for the Consumer Financial Protection Bureau (CFPB), this legislation would subject the CFPB to limitations placed on no other banking regulator…This appropriations bill would also significantly underfund the Securities and Exchange Commission (SEC) by denying over $200 million in funding necessary to provide proper oversight of investment professionals and securities markets.”

Letter to Congress: AFR and The Consumer Federation of America Urge Congress to Oppose HR 2187

“This week the Capital Markets and Government Sponsored Enterprises Subcommittee has scheduled a hearing at which it will consider legislation (H.R. 2187) that would dramatically expand the categories of individuals who are permitted to invest in private offerings issued under Regulation D of the securities laws. We are writing on behalf of the Consumer Federation of America (CFA) and Americans for Financial Reform (AFR) to express our strong opposition to the legislation as currently drafted.”

Letter to Congress: AFR, Consumer Groups Oppose Legislation Being Considered Before House Financial Services Committee

AFR and consumer organizations sent materials to members of Congress regarding the hearing, “Examining Legislative Proposals to Preserve Consumer Choice and Financial Independence” in the House Financial Services Committee. The materials urge opposition to nine pieces of legislation that would be harmful to consumers and investors.

Letter to Congress: AFR Urges Congress to Keep Our Markets Safe, Reject HR 2289

“On behalf of Americans for Financial Reform, we are writing to express our opposition to HR 2289, “The Commodity End User Relief Act”. This legislation would have a severe negative impact on the Commodity Futures Trading Commission (CFTC) and its ability to police commodity and derivatives markets.”

Letter to Congress: AFR Urges Senate to Reject Toomey Amendment

“On behalf of Americans for Financial Reform we are writing to express our opposition to Senator Toomey’s Amendment 8, offered by Senator Toomey to Senator Shelby’s regulatory reform bill scheduled for mark-up on May 21.”

Letter to Congress: AFR Supports Operation Choke Point, Urges Congress to Reject Crapo Amendment

On behalf of Americans for Financial Reform, we urge you to oppose Senator Crapo’s Amendment 19 to Senator Shelby’s regulatory reform bill scheduled for mark-up today, May 21. The amendment would prohibit the banking agencies from implementing or participating in the Department of Justice’s Operation Choke Point.

Letter to Congress: AFR Letter on the Democratic Substitute Amendment to “The Financial Regulatory Improvement Act of 2015”

“The Democratic substitute amendment represents a better approach to protecting consumers and the broader stability and security of the financial system, as well as to balancing attention to the concerns of real community banks and the need for key standards to apply across the system. “

Letter to Congress: AFR, 23 Organizations Oppose Chairman Shelby’s “Financial Regulatory Improvement Act of 2015”

“On behalf of Americans for Financial Reform and the undersigned organizations, we are writing to express our opposition to Chairman Shelby’s draft legislation, “The Financial Regulatory Improvement Act of 2015.”… While there are a number of reasonable proposals within this lengthy bill, the legislation as a whole contains numerous provisions that would unacceptably weaken consumer and financial protections.”