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.
Government Category: Advocacy Documents
AFR Calls on Regulators to Improve Swaps Market Transparency
AFR submitted a comment letter to the CFTC regarding the importance of collecting data essential to analyzing potential systemic risk.
AFR Calls for Strong Action Against For-Profit Colleges that Exploit Students and Federal Aid
“We strongly support the Department of Education’s efforts to keep federal funds from being used to support career education companies that routinely fail to deliver on their promises, leaving students with unmanageable debt. We urge you to stand by the thrust of the regulations the Department proposed in March, and to bolster those regulations in several key ways.”
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.