By creating a blanket exemption for a broadly defined group of “finders” to effectively act as solicitors and brokers in private investment markets without being subject to any of the requirements on registered broker-dealers as regards disclosure, qualifications, obligations to customers, pricing, record-keeping, business conduct, financial resources, or compliance with FINRA rules, the Commission would abrogate its responsibilities to protect investors and to maintain fair and orderly markets.
Americans for Financial Reform Education Fund joined our partners in sending a letter signed by 83 groups opposing the Consumer Financial Protection Bureau’s proposed reorganization of its Division of Supervision, Enforcement and Fair Lending because it would drastically weaken the office’s authority independence, and effectiveness, and leave consumers vulnerable to harm.
77 organizations call on Education Secretary DeVos to extend the federal student loan suspension Today, 77 community, civil rights, consumer, and student advocacy organizations sent a letter to Education Secretary Betsy DeVos, urging her to extend the suspension of payments on federal student loans through September 2021. The current suspension on federal student loans is set
Americans for Financial Reform Education Fund submitted a comment letter asking the Department of Justice to protect the public interest from ever larger banks exercising market power to impose higher costs on consumers, reduce the volume or quality of banking services, and from becoming so large that they pose a risk to the entire financial system and real economy.
AFREF submitted a letter to the Department of Labor urging it to withdraw a rule proposal that would impose onerous costs and process requirements on private sector retirement plans when deciding whether and how to vote on matters brought to a vote at public companies’ annual meetings. It will impose costs on retirement savers and undermine advances on corporations’ integration of environmental, social and governance factors, including those that have a material financial impact on long-term investment performance
Letter to CFPB opposing seasoned mortgage proposal
