“We are writing in advance of this week’s mark-up to express our concerns regarding two of the bills scheduled for consideration – H.R. 2187, the Fair Investment Opportunities for Professional Experts Act and H.R. 3784, the SEC Small Business Advocate Act. Both bills require significant amendments, described below, to ensure that they do not undermine essential investor protections. Unless those changes are adopted, we urge you to oppose these bills.”
“We are writing to urge you to tell both your leadership and appropriators that you strongly oppose any rider that will directly or indirectly defund, delay or otherwise interfere with the Department of Labor’s ability to finalize its rule requiring retirement investment advice to be in the best interest of investors…. Every additional day of delay adds to the losses that working families and retirees suffer because of financial advice that is not in their best interests. We urge you to let both your leadership and appropriators know that you stand with your hard-working constituents who are doing their best to save for retirement—and against any rider that would diminish their efforts. “
“Earlier this year, Senate Banking Chair Richard Shelby introduced the “Financial Regulatory Improvement Act of 2015” — a massive bill that gives a preview of the kind of regulatory rollbacks the financial industry will try to attach to end-of-year funding bills. In fact, Senator Shelby has already placed the entire bill into appropriations legislation that passed the relevant committee earlier this year.”
“The undersigned organizations write to urge you to oppose H.R. 1210 (the “Portfolio Lending and Mortgage Access Act”). This bill makes two harmful changes to the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and its implementing regulations: It takes a special exemption designed for more trustworthy small and rural banks and extends it to all banks, regardless of size or trustworthiness and it substantially weakens the Act’s ban on loan steering—a practice that supports predatory lending and racial discrimination.”
“On behalf of the undersigned organizations, we urge you to oppose H.R. 1737, the so-called “Reforming CFPB Indirect Auto Financing Guidance Act.” This legislation is simply an effort to stop the CFPB from enforcing laws against discrimination… H.R. 1737 hides its intent behind a smokescreen of claims about process and regulatory jurisdiction. However, the bill is really about the unfair and discriminatory impact of car dealer interest rate markups. The bill is a misguided attack on the CFPB’s enforcement of anti-discrimination laws.”
“We, the undersigned organizations, write to ask you to oppose the amendment by House Financial Services Chairman Jeb Hensarling (R-TX) to the Highway Trust Fund bill because it would undermine investor protections, and because it involves matters unrelated to the underlying bill. “
