AFR Video Commemorating the 5th Anniversary of Dodd-Frank with Senator Elizabeth Warren
AFR put together a video with Senator Elizabeth Warren to celebrate the fifth anniversary of Dodd-Frank, and to discuss the next steps facing financial reform.
News Category: Press Releases & Statements
AFR Statement: AFR Supports the Consumer Reporting in Bankruptcy Act of 2015
The Consumer Reporting in Bankruptcy Act of 2015 will keep borrowers from continuing to be haunted and harmed by debts discharged in bankruptcy. Millions of consumers who are in bankruptcy find themselves continuing to deal with debts that remain on their credit reports even though they have been discharged. Passage of this bill would be a big help to consumers who too often have their credit scores negatively impacted by debts erroneously remaining on their reports, or pay debts they do not owe.
Letter to the President: AFR, 16 Organizations Urge President Obama to Nominate Candidates with a Record of Investor Protection to the SEC
“We are writing regarding the upcoming vacancies at the Securities and Exchange Commission (SEC). We believe that it is of utmost importance that you nominate candidates with a strong and demonstrated commitment to protecting investors and to moving ahead with needed reforms in our financial markets.”
AFR in the News: Banks Would Get Boost for Overseas Swaps in House CFTC Bill (Huffington Post)
“The legislation would make it easier for Wall Street to escape tough rules designed to make trading more competitive and transparent, Marcus Stanley, policy director for Americans for Financial Reform, said in an interview. ‘It could undo various parts of the Dodd-Frank Act by permitting American banks to transact in locations where swaps are not as well-regulated,’ Stanley said.”
Joint Letter: Corinthian Students Deserve Federal Loan Relief, Say AFR and 14 Cosigners
“Corinthian Colleges made many promises to its students – promises of a good education and job opportunities on the other side – but behind the slogans was an institution that churned out big profits by targeting unsuspecting, low-income students with predatory recruitment and lending practices. “
AFR Responds to Study Claiming High Costs of Dodd-Frank Act
The American Action Forum has released a study claiming that the Dodd-Frank Act will reduce total U.S. economic output by $895 billion between 2016 and 2025. But the study has multiple significant flaws. In sum, the AAF study both exaggerates the growth costs of regulation and fails to include benefits from regulation that would substantially exceed even these exaggerated costs.