Letters to Congress Archives - Page 37 of 48 - Americans for Financial Reform

AFR Advocates for a Simple, Safer Banking System

AFR sent a letter to members of Congress urging them to co-sponsor and support the 21st Century Glass-Steagall Act. The proposal would narrow the scope of activities that banks are permitted to engage in, and refocus them on their traditional core functions of lending to businesses and individuals. This change would improve the safety of the banking system by simplifying banks’ structure and activities so that they are easier for directors to manage, for regulators to supervise and for investors to evaluate.

AFR Urges Congress to Support Investor Protections — Oppose HR 2629, HR 4564, HR 4697

AFR sent a letter to members of Congress, urging them to oppose HR 2629, HR 4564, and HR 4697. These three proposals would reduce investor protections and market transparency without genuinely benefiting sustainable capital formation and job growth.

Preserve Financial Stability Protections — Reject HR 4387 (the FSOC Transparency and Accountability Act) and the FSOC Designation Moratorium Act”

AFR sent a letter to members of Congress urging that they reject HR 4387. The FSOC is crucial to protecting American families and workers from the impacts of a financial crisis. If enacted, this legislation would hinder FSOC operations.

Do Not Weaken Dodd-Frank Mortgage Protections – Oppose HR 3211

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 and Organizations Urge Members of Congress to Defend the CFPB

AFR and more than fifteen organizations submitted a letter to members of the House Financial Services Committee, calling on them to defend the CFPB from specific legislative attacks.

AFR Opposes House Bills That Would Weaken The CFPB

AFR sent a letter to members of the House Financial Services Committee today, urging their opposition to a series of anti-CFPB bills being discussed by the committee. The eleven measures under discussion would weaken the CFPB in a variety of ways and make it nearly impossible for the agency to do its job. The bills are part of a continuing pattern to mischaracterize the CFPB’s organization and processes, and if adopted, would harm consumers. The package of legislation being considered also includes a frontal attack on the Bureau’s authority to consider the impact of forced arbitration clauses on consumers—a bill that would eliminate consumers’ access to courts and force them into a rigged and secretive system to settle disputes.

AFR Urges Congress Not to Undermine Financial Regulation

AFR sent a letter to members of the House Financial Services Committee to stop interfering in the efforts of FSOC and OFR to collect data essential to analyzing potential systemic risk. The letter also states AFR’s opposition to HR 4387, legislation that could undermine the ability of our financial regulatory system to respond the kind of risks that led to the financial crisis of 2008.

AFR Opposes House Bills that Would Reduce Investor Protections

AFR sent a letter to members of the House Financial Services Committee today asking them to oppose proposed changes to the already anti-regulatory JOBS Act that would further reduce investor protections within the bill.

AFR Opposes HR 2672

AFR joined five member organizations in sending a letter to members of Congress, urging that they oppose HR 2672, “The CFPB Rural Designation Petition and Correction Act.” This bill would amend the 2010 Dodd-Frank Act to allow for increased opportunity for lenders to sidestep important consumer protections, including rules to ensure borrowers have the ability to repay their loans.

AFR Opposes HR 4167

AFR sent a letter to members of Congress, urging them to oppose HR 4167. If enacted, this legislation would advance the interests of a few Wall Street mega-banks in weakening implementation of the Volcker Rule ban on proprietary trading.