Americans for Financial Reform

AFR in the News: Is it time to roll back US bank regulation? (Financial Times)

“The financial services industry pumped a record $2bn of campaign contributions into the political system in the two years leading up to the 2016 elections. And the flood of cash has continued, with a particular focus on senators whose votes will be decisive. The influence that money buys is creating a massive shift away from the moderate reforms made in and around Dodd-Frank, which were making the system safer and helping consumers and investors keep billions of dollars each year that an already profitable industry would otherwise siphon off.”

Joint Letters: More than 300 national, state and local organizations urge opposition to bringing CFPB funding under the Appropriations process

AFR and more than 300 organizations urge members of Congress to oppose any poison pill financial reform policy riders, whether to put the CFPB under the normal Appropriations process, otherwise weaken the authority, structure or independence of the CFPB.

Letters to Congress: AFR Urges Opposition to HR 4296—A Bill Tying Regulators Hands in Setting Operational Risk Capital

AFR sent a letter urging House members to vote “No” on H.R. 4296—a bill that would tie regulators hands in setting operational risk capital.

AFR Poll: Opposition to S. 2155 Bank Deregulation Bill is Wide and Deep

Opposition to the provisions of S. 2155, on banking supervision, on mortgage lending, and on mobile home financing is strong. And voters believe big banks still have too much influence in Congress.

AFR Polling Memo: Overwhelming Majorities Oppose Dodd-Frank Rollbacks In S. 2155

Strong majorities support the Dodd-Frank law that Congress passed in the aftermath of the financial crisis and oppose the provisions of the deregulation bill currently under consideration.

AFR in the News: Rule letting U.S. dismantle giant banks in crisis should stay, Treasury Department advises (LA Times)

“Marcus Stanley, policy director for Americans for Financial Reform, said he was glad to see the authority embraced in the report, but alarmed by specifics of the bankruptcy recommendations that he said ‘would create special privileges for big banks, rely on unrealistic assumptions, and in their current form would likely increase risks to the financial system.'”

Joint Letter to Senate Minority Leader Schumer

Click to view or download PDF version of the letter. S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” is a controversial bill that includes dozens of measures that deregulate banks and other financial entities and would harm consumers and the public interest,

Joint Letter to Senate Majority Leader McConnell

Click to view or download PDF version of the letter. S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” would be the first major banking bill considered by the full Senate following passage in 2010 of the Dodd-Frank Wall Street Reform and Consumer

Letters to Regulators: AFR submitted a comment on new Federal Reserve rating system for large institutions

AFR sent a comment letter to the Federal Reserve Board on the proposed new rating system for supervision of large financial institutions.

Congressional Testimony: AFR Submits Statement Re House Financial Services Hearing on Derivatives Regulation

AFR submitted a statement to the Capital Markets Subcommittee of the House Financial Services Committee regarding a 2/14/18 hearing examining eleven different proposed bills affecting regulation of derivatives markets. Final AFR Statement For 2-14 Derivatives Hearing