Letter to Congress: Expressing Opposition to GENIUS Act and STABLE Act
View or download a full PDF version of the letter here.
Government Category: Advocacy Documents
Statement: AFR Statement for the Record for the Senate Banking Hearing on So-Called “de-banking”
AFR submitted a statement for the record hearing that challenges the notion of so-called de-banking, which is really a red herring to obscure the real risks from reckless speculation, egregious self-dealing, or illegal and harmful financial transactions by the companies that complain.
Statement: AFR Statement for the Record for House Hearing Defending Overdraft Rule and Small Business Lending Transparency
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.
Letters to Regulators: Letter to the Department of Treasury’s Federal Insurance Office Urging the Swift Release of Climate Change and Insurance Affordability Data
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.
Letter to the Regulators: Letter to the SEC Supporting PCAOB’s Standardized Firm and Engagement Metrics
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.
Letters to Congress: Letter Urging The Senate to Reconfirm Commissioner Caroline Crenshaw to the Securities and Exchange Commission
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