Senator Warren’s Speech: The Unfinished Business of Financial Reform
The seven organizations that launched the SaveOurRetirement.org campaign – AARP, AFL-CIO, AFSCME, Americans for Financial Reform, Better Markets, Consumer Federation of America and Pension Rights Center – applauded President Obama’s public support today for the Department of Labor’s (DOL) proposed rule to limit conflicts of interest, increase accountability, and strengthen protections for Americans receiving retirement investment advice.
Members of the Americans for Financial Reform coalition have argued that all homeowners should enjoy the same basic protections in their dealings with mortgage loan servicers. On November 20, the CFPB announced a set of proposed new rules that would bring that goal closer to reality for heirs, surviving spouses, and homeowners going through divorce.
A Capitol Hill briefing with JARED BERNSTEIN, Senior Fellow, Center on Budget and Policy Priorities; former chief economist to the Vice President; SARAH ANDERSON, Global Economy Project Director, Institute for Policy Studies; DAVID HILLMAN, Director of Stamp Out Poverty and Founder of the Robin Hood Tax Campaign (UK); ANDREW HANAUER, Campaigns Director, Jubilee USA Network; HEATHER SLAVKIN CORZO, Director of the AFL-CIO Office of Investment; and ROBERT WEISSMAN, President of Public Citizen.
AFR was joined by 546 civil rights, consumer, labor, faith and community organizations from all 50 states in a letter urging the CFPB to put in place strong rules that will end abusive practices in ‘quick fix’ consumer lending such as payday, auto-title and installment loans.
AFR’s Policy Director, Marcus Stanley, gave a presentation at Brookings Institution’s forum on systemic risk regulation of the insurance industry.