AFREF joined with over 50 other organizations in urging the Senate to strip from H.R. 1 the 10-year ban on the enforcement of state and local law related to artificial intelligence (AI) no matter how it appears.
AFR and 30 civil rights, labor, community, consumer protection, and economic justice organizations sent a letter calling on the Senate to swiftly act to defend the statutorily mandated independence of financial regulators in the face of unprecedented attacks and firings of commissioners and board members: Dear Majority Leader Thune and Minority Leader Schumer: The undersigned
Americans for Financial Reform has been leading on opposition to the FIRM Act. This bill would force bank regulators to specifically disregard one category of significant financial risk – reputational risk – when assessing a bank for safety and soundness. Additionally, the bill would further eliminate bank regulators’ ability, now and into the future, to
Americans for Financial Reform submitted a letter opposing several deregulatory measures considered at House Financial Services Committee capital formation and financial institutions markup. Weakening investor protections in the name of capital formation threatens market integrity and exposes smaller, retail investors to unnecessary risk.
View or download a PDF of the letter here. Americans for Financial Reform and 348 other consumer, civil rights, labor, legal services and community organizations, and academics wrote to urge Congress to demand action to restore a strong and independent Consumer Financial Protection Bureau (CFPB). The groups further urged Congress to oppose changes to the CFPB’s
Americans for Financial Reform and seven other public interest organizations submitted a letter urging U.S. Senators to oppose the nomination of Jonathan V. Gould to serve as Comptroller of the Currency.