AFR Comments on Regulators’ Capital Rules for Bank Borrowing
AFR offered comments to regulators on what kinds of risk exposures banks should be required to back with their own capital.
Government Category: Advocacy Documents
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.