AFR sent a letter to members of Congress urging them to oppose H.R. 2446. This legislation will exempt payments related to homeowner warranties (also known as home service contracts) from the Real Estate Settlement Procedure Act’s ban on kickbacks and referral fees. We believe exempting payments related to these products from the ban on kickbacks and referral fees would be harmful to consumers.
AFR and CFA sent a letter endorsing S. 3416, a piece of legislation which would enable the SEC to impose more meaningful fines on those who violate the securities laws and perpetrate fraud.
AFR sent a letter to members of Congress urging them to oppose H.R. 6139. This legislation would weaken consumer protection against financial abuses, undermine the authority of the CFPB over a huge swath of consumer financial products and services, and override state consumer protection laws through preemption.
AFR sent a letter to members of Congress urging them to oppose H.R. 2827, This legislation would effectively eliminate new safeguards passed in the Dodd-Frank Act to protect taxpayers from financial exploitation. It must be rejected.
AFR sent a letter to the Hill urging members to oppose HR 5893. This legislation would significantly hamper ability of regulators to institute any new oversight on our largest banks, and it should be rejected.
AFR sent a letter to members of Congress urging them to oppose H.R. 4323, which would weaken consumer protections and increase the amount of fees paid by families on their mortgages. This bill would also undermine the CFPB.
AFR sent the following letter to House Financial Services Committee members, expressing concerns about three proposed bills that would undermine transparency and accountability in the financial system.
July 16, 2010 Elizabeth Warren is the best person for Director of the Consumer Financial Protection Bureau Sign a letter to the President urging her nomination Deadline for signatures COB Tuesday July 20 Dear Colleague, Now that the Senate has passed the Wall Street Reform
June 23, 2010 Dear House Conferee: While the Senate offer on the Consumer Financial Protection Bureau is generally good for consumers, there are a number of outstanding issues that need further enhancement. Our priorities for improving the Senate offer are as follows: Consumer Financial Protection
June 23, 2010 To Members of the H.R. 4173 Restoring American Financial Stability Act of 2010 Conference Committee Washington, DC 20510 Re: Retain Strong Senate/Base text Derivatives Language Dear Conferee: We write on behalf of Americans for Financial Reform, an unprecedented coalition of over 250