AFR and more than twenty public interest, consumer, and labor organizations sent a letter to members of Congress urging them to oppose HR 3211. This legislation would reopen the door to the higher fees borrowers faced in the lead up to the mortgage crisis.
AFR sent a letter to members of Congress urging them to reject HR 4, “Jobs for America Act,” focusing in particular on the portion of the bill that would roll back new registration and reporting requirements for private equity fund advisors that have already uncovered widespread abuses by the industry.
AFR sent a letter to members of Congress urging that they oppose HR 5405 and The Insurance Capital Standards Act of 2014. These pieces of legislation include numerous technical changes that could have significant impacts on regulators ability to enforce new financial rules, and they deserve full debate and consideration from regulatory experts before being passed under suspension of the rules.
“Against the backdrop of $1.2 trillion dollars in outstanding student loan debt that is currently dragging on individual borrowers and the economy more broadly, it is imperative that our federal lawmakers take steps to change banking and financial firm practices that contribute to that debt burden.” – joint letter to Senate Committee on Banking, Housing, and Urban Affairs.
AFR sent a letter to members of Congress, urging them to reject HR 5018. This legislation would dramatically reduce the ability of the Federal Reserve to effectively regulate Wall Street banks and financial institutions by imposing complex cost benefit requirements that must be satisfied before any rulemaking can take place.
AFR sent a letter to members of Congress urging them to reject HR 3913, HR 4042, HR 5148, and HR 5018. These pieces of legislation contain dangerous deregulatory measures that would harm consumers.
AFR joined 40 consumer rights organizations in sending a letter to members of Congress applauding the work of the CFPB over the last three years.
AFR sent a letter to members of Congress opposing HR 5016. This bill would place funding restrictions on our financial regulatory agencies. Sections of this bill would undermine consumer protections that are currently in place, weaken Wall Street reforms, and hurt the ability of regulators to do an efficient job protecting the economy.
AFR sent a letter to members of Congress urging them to oppose any effort block funding for the Department of Justice’s Operation Choke Point or to weaken other regulator efforts to fight payment fraud. This proposal works to ensure that banks and payment processors comply with longstanding due diligence requirements so that they can avoid facilitating illegal activity by knowing their customers, monitoring return rates, and being alert for suspicious activity.
AFR sent a letter to members of Congress urging them to oppose the “Federal Reserve Accountability and Transparency Act.” This bill would empower Wall Street to prevent effective Federal Reserve oversight of the nation‟s largest banks.