Letters to Congress Archives - Page 30 of 42 - Americans for Financial Reform

Letter to Congress: AFR, 25 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. “

Letter to Congress: AFR, 20 Organizations Affirm that CFPB, Dodd-Frank are Constitutionally Sound

“On behalf of Americans for Financial Reform, the leading public interest coalition that supported enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and its members, including the undersigned, we write both to explain the importance of the Act and to demonstrate its constitutionality. While numerous opponents of financial reform have challenged the act’s constitutionality, none have prevailed, in any court.”

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

“We are writing to express our concerns about, and in most cases our opposition to, a number of the bills being marked up in the House Financial Services Committee today. The bills we have highlighted below include harmful deregulatory measures that would reduce protections for consumers as well as the financial system as a whole. “

Letter to Congress: Lawmakers Should Let Federal Reserve Do Its Job

“On behalf of Americans for Financial Reform (AFR), we are writing to express our opposition to “The Federal Reserve Reform Act of 2015”. Among other responsibilities, the Federal Reserve is the single most significant regulator of U.S. financial institutions, including the large Wall Street banks that played a central role in the 2008 financial crisis. “

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.”