AFR submitted a Statement for the Record to the House Financial Services Committee to oppose both the resolution of disapproval of the CFPB’s overdraft fee rule as well as the legislative proposals that would repeal or weaken the small business and farm lending transparency rules. These proposals will hurt everyday people, including consumers and their families, as well as small business owners and farmers and the communities they serve.
AFREF and 36 partners led a letter urging the Department of Treasury’s Federal Insurance Office (FIO) to swiftly release the homeowner insurance data that the National Association of Insurance Commissioners collected from over 330 insurers representing over 80% of the property and casualty market while also urging FIO to swiftly release a robust report analyzing the data.
Americans for Financial Reform Education Fund, joined by 9 signatories, submitted a letter to the Securities and Exchange Commission strongly endorsing the Public Company Accounting Oversight Board’s (PCAOB) proposed standards. The standards would require firms to disclose standardized and comparable metrics that facilitate cross-firm comparisons and assessments of audit quality, providing critical data for investors to make informed decisions. The letter highlights that requiring consistent and comparative metrics will reduce opportunistic disclosures, simplify audit committee oversight, and foster a data-driven approach to regulation and audit quality.
View or download a PDF of the letter here. Americans for Financial Reform and Public Citizen joined exactly 70 labor, community, consumer, environmental, and public interest organizations sent a letter urging the U.S. Senate to reconfirm Commissioner Caroline Crenshaw to the Securities and Exchange Commission. Commissioner Crenshaw is a qualified and tested leader who will protect
Americans for Financial Reform and Public Citizen along with 77 organizations and labor unions that advocate for racial, social, economic, and climate justice, wrote to urge Senate Majority Leader Schumer to confirm pending nominees for financial regulators and independent agencies like the National Labor Relations Board.
Statement for the Record On Behalf of Americans For Financial Reform Before the Senate Banking, Housing, and Urban Affairs Committee Hearing on “Consumer Protection: Protecting Workers’ Money and Fighting for the Dignity of Work” Wednesday, December 11, 2024 Americans for Financial Reform Education Fund (AFREF) appreciates the opportunity to provide a Statement for the Record for the Senate
