Letter to Department of Labor: Don’t Delay The Fiduciary Rule
AFR and dozens of other organizations weigh in against the Department of Labor’s proposed delay of the fiduciary rule.
Category Archives: Statements and Press Releases
AFR Statement: No Policy Riders on Budget for Benefit of Wall Street
Wall Street often seeks regulatory changes in budget bills, something the American public does not need. Any proposed changes to financial reform deserve an open debate.
AFR Report: Wall Street Lobby and Campaign Cash Tops $2 Billion for 2016 Elections
During the 2015-16 election cycle, Wall Street banks and financial interests spent more than $2 billion to influence decision-making in Washington, according to a report released today by Americans for Financial Reform. That total, derived from an exclusive data set, works out to more than $2.7 million a day.
AFR Statement: Delaying Fiduciary Rule Is Betrayal Of Public Interest
The Department of Labor’s proposal to delay the fiduciary rule is clearly part of the Trump administration’s plan to undo it altogether. Blocking this common-sense, long overdue rule, which requires retirement advisers to act in their customers’ best interests.
AFR Statement: Trump Speech Obscures Agenda Favoring Wall Street
When it comes to the economy, unfortunately the President hasn’t drained the swamp. Instead, he is filling the government with Wall Street insiders who are now attacking rules put in place to keep big Wall Street banks and predatory lenders from ripping off consumers and prevent another disastrous financial crisis.
AFR Policy Brief: FDIC Report Contradicts Claims That Regulation Has Harmed Lending, Bank Earnings
“Hard data on bank earnings and lending should lay to rest any notion that financial regulations are holding back the American economy, or getting in the way of American banks making money. These claims are just an excuse to to dismantle hard-won protections for consumers and financial stability.”
Joint Statement: The CFPB’s Work Is Important to Military Families and Veterans
“There is a clear and compelling public interest that Congress continue to support vigorous enforcement of laws that protect military families from wrongful financial practices… [T]he strong record of the Consumer Financial Protection Bureau and its Office of Servicemember Affairs underscores the need for Congress to resist efforts that seek to hamstring this work. Tampering with the agency’s authorities, structure, and independence would be harmful to military families and honest companies across the country.”
Joint Letter: Public Interest Groups Urge Financial Industry Leaders to Call a Halt to Anti-Investor Tactics of Trade Associations Seeking to Overturn DOL Protections for Retirement Savers
“Financial services companies that support giving retirement investors investment advice that is in their best interests should stand up against the aggressive anti-investor lobbying tactics of their trade associations seeking to overturn the Department of Labor’s (DOL) conflict of interest rule, according to three national organizations that have supported DOL efforts to strengthen protections for retirement savers.”
AFR Statement: Attack on common-sense rules for prepaid cards
“The Consumer Bureau’s continued progress on making financial markets fairer and safer confirms once again how important it is to have an independent and effective regulator with a consumer protection mission. The rule making prepaid cards fairer and safer is one more example of ‘unrigging’ the system for the American people, and it should be left in place.”
AFR Statement: Trump Hands Financial Regulation Over To Wall Street
We can, and will, fight at every step against Wall Street burning it all down — again. And we’ll fight for a financial system that serves an economy that works for the rest of us.