Letters to Regulators: AFR Ed Fund urges the NCUA to develop a consumer compliance exam process
Letter to the NCUA urging them to prioritize consumer compliance
Letter to the NCUA urging them to prioritize consumer compliance
FDIC Chair Jelena McWilliams “is doing the bidding of loan sharks who have a decades-long history of trying to get around state consumer protection rules,” Americans for Financial Reform spokesperson Carter Dougherty observed. “And now a federal regulator is helping them do it.”
Rep. Rashida Tlaib (D-Mich.) introduced groundbreaking and essential legislation to repeal the deeply flawed Opportunity Zone tax break passed as part of the 2017 tax cut legislation. In addition to the basic problems with this tax break for the wealthy, multiple media exposés have already found that the rules have been bent to include parcels that benefitted high-rolling real estate investors, including those with ties to the Trump administration.
View or download a PDF version of the full letter.
View or download a PDF version of the letter. Consumer Federation of America AFL-CIO Better Markets Center for American Progress Americans for Financial Reform November 21, 2018 Dear Chairman Clayton: We are writing to express our grave concerns regarding PCAOB staff guidance on Rule 3526(b),
“I wasn’t sent here to safeguard and protect profit,” Ocasio-Cortez said in a video from the hearing circulated by Americans for Financial Reform, “I was sent here to safeguard and protect people.”
“This lobbyist is about the purest walking-and-talking evidence you could imagine of why money matters in Washington,” Linda Jun, senior policy counsel for Americans for Financial Reform
Today, private equity and hedge fund managers take advantage of gaps in regulations to make billions of dollars by looting real-world businesses and engaging in abusive practices without any accountability. They also pay taxes at a lower rate than teachers and firefighters. The undersigned organizations support the Stop Wall Street Looting Act (S.2155 / HR 3848 ). This legislation would eliminate tax, securities and bankruptcy law carve-outs that allow these Wall Street titans to make billions at the expense of workers, communities and pensions.
We urge Congress to stand up for working people and for communities, patients and consumers, and enact the Stop Wall Street Looting Act.
Advocates reacted with outrage to a new proposal from two federal bank regulators that could make it easier for payday and other high-cost lenders to use banks as a fig leaf so that online lenders can offer predatory loans at interest rates that are prohibited under state law.