“The Democratic substitute amendment represents a better approach to protecting consumers and the broader stability and security of the financial system, as well as to balancing attention to the concerns of real community banks and the need for key standards to apply across the system. “
“On behalf of Americans for Financial Reform and the undersigned organizations, we are writing to express our opposition to Chairman Shelby’s draft legislation, “The Financial Regulatory Improvement Act of 2015.”… While there are a number of reasonable proposals within this lengthy bill, the legislation as a whole contains numerous provisions that would unacceptably weaken consumer and financial protections.”
“On behalf of Americans for Financial Reform (AFR), we are writing to express our opposition to several of the bills under consideration in today’s subcommittee hearing, as well as our support for HR 1847, the “Swaps Data Repository and Clearinghouse Indemnification Act”.”
“The undersigned organizations write to urge the Appropriations Committees to reject all proposals to weaken the powers and funding of the Consumer Financial Protection Bureau (CFPB or bureau). In particular, the Committee must oppose any proposals that would limit, delay or remove the authority of the CFPB to take action on the use of pre-dispute binding mandatory (or forced) arbitration in consumer financial contracts under its jurisdiction. “
“After finally addressing the fee waiver tax abuse after all of these years, the least the IRS can do is to vigorously enforce the law for all open years. Anything less would accurately be described as a tax amnesty program for billionaires.”
“Given the extensive evidence of widespread fraud at Corinthian Colleges, we believe all current and former students deserve federal loan discharges. We are particularly concerned that students whose entitlement to federal loan discharges is crystal clear – those recently enrolled in the 30 Corinthian campuses that closed on Monday – are being given incomplete, incorrect, and harmful information about their options from Education Department staff as well as from schools that do not have these students’ best interests in mind. “