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.
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.
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.
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.
“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.'”
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,
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
AFR sent a comment letter to the Federal Reserve Board on the proposed new rating system for supervision of large financial institutions.
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
AFR sent a letter urging House members to vote “No” on H.R. 3978 — a grab bag of bad legislative ideas that would weaken SEC oversight of Wall Street and undermine consumers, investors rights and protections.