“Even as Democrats staged a historic sit-in on the House floor beginning Wednesday… GOP representatives made sure to let the financial services industry know they cared. As a tweet from the Americans for Financial Reform put it: ‘The House reconvenes to defend billions in Wall Street profits earned by putting its interests over their clients.’”
“Consumer advocates see a different agenda at work. ‘This plan doesn’t get tough on banks,” the advocacy group Americans for Financial Reform said in a statement. “It gets tough on the regulators policing them.’”
“We continue to believe that the Department should be providing automatic group relief for wronged Corinthian students, rather than pursuing the application-based, piecemeal approach it has taken to discharges thus far.”
“Today, Senators Mark Warner and Elizabeth Warren, as well as Congressman Elijah Cummings have introduced an important new piece of legislation that takes a comprehensive approach to addressing failures in oversight of the $500 trillion global derivatives market, and would go far to protect the public against the risks of another disastrous meltdown in critical financial markets.”
AFR’s Alexis Goldstein gave opening remarks at the launch of the AFT Report “Regulating Too-Big-to-Fail Education.” In her remarks, Goldstein outlined the parallels between the for-profit college crisis and the subprime mortgage crisis.
“We are writing in response to the letter you received recently from a number of industry trade groups opposing the inclusion of preferred language data fields in the redesigned Uniform Residential Loan Application (URLA)… The URLA redesign presents a unique and unprecedented opportunity to take an important first step towards addressing equitable access to the mortgage market for LEP consumers and we strongly urge you to include preferred language data fields.”
“Americans for Financial Reform (“AFR”) appreciates the opportunity to comment on the Federal Reserve Board’s (the “Board”) Notice of Proposed Rulemaking (“Proposed Rule” or “Proposal”) on the above-mentioned rule. Section 165 of the Dodd-Frank Act mandates the imposition of single counterparty credit limits (SCCL), and significantly expands the range of exposures that are captured under such limits. This Proposed Rule is a re-proposal of the Board’s original 2011 proposal regarding credit exposure limits, and makes a number of changes to the original proposal. ”
“On behalf of Americans for Financial Reform (AFR), we are writing to ask for your opposition to ideological policy riders in the current draft of – and proposed amendments to – the Financial Services and General Government Appropriations Act of 2017 (H.R. 5485) and for your support for amendments to remove such riders.”
“Americans for Financial Reform urges you to oppose H.R. 5211 or any similar bills that weaken the Consumer Financial Protection Bureau (CFPB) by confusing its statutory purpose or undermining its leadership structure. “
“[W]ith populist anger aimed at Wall Street during this presidential election season rising, the ‘carried interest loophole,’ which allows the managers of private-equity firms to pay a lower tax rate, is back in the spotlight. ‘This year is just different. There has been a populist surge politically in both parties,’ said Marcus Stanley, policy director for Americans for Financial Reform. ‘Having the wealthiest people in the financial system paying a lower rate than everyone else is even harder to swallow. People realize that it doesn’t have to be like this.'”