“We are writing to urge you to oppose H.R. 3192, which insulates lenders from accountability when they make misleading disclosures to homeowners. The bill, which suspends liability to individuals and government for the first four months after the new mortgage disclosure rules take effect, undermines compliance with the new rules by letting lenders off the hook even where homeowners have been harmed. “
“On behalf of Americans for Financial Reform (AFR), we are writing in opposition to HR 414, the “Burdensome Data Collection Relief Act”. This legislation would eliminate the requirement in Section 953(b) of the Dodd-Frank Act that firms publicly disclose the ratio between the pay of their chief executive officer and the pay of the median worker at the firm. The SEC has recently completed the rulemaking to implement this rule, and investors and the public are now anticipating that that important data will become available. “
“We are writing as organizations that strongly support the Department of Labor’s (DOL) efforts to strengthen protections for working families and retirees by requiring the financial professionals they turn to for retirement investment advice to act in their best interests. As such, we oppose H.R. 1090, the misnamed “Retail Investor Protection Act,” and urge you to vote NO when the bill comes up for a vote in the Financial Services Committee. “
“On behalf of Americans for Financial Reform, we are writing to urge your opposition to HR 957, to establish an independent Inspector General for the CFPB. The proposal would not benefit consumers and, further, is an effort by the committee to make government bigger, not better.”
“We are writing to express our opposition to H.R. 1266 (Rep. Neugebauer), the “Financial Product Safety Commission Act of 2015.” This bill would change the structure of the Consumer Financial Protection Bureau (CFPB); instead of being led by a single director, it would be headed by a Commission of five members…”
“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. “
