“…we write to convey our strong opposition to the “Supporting Academic Freedom through Regulatory Relief Act” (HR 970, S 559). In particular, we oppose these bills because they repeal the gainful employment regulation and create new loopholes in the federal ban on incentive compensation, harming both students and taxpayers.”
“The expansion of investor-state dispute settlement (ISDS) under the TPP poses a significant threat to financial regulations being put in place in the US and around the world in the wake of the financial crisis. It could allow financial companies to challenge new rules put in place to protect consumers and investors or ensure the stability of the financial system, and force U.S. taxpayers to pay for any losses in profits claimed due to these rules.”
“…we are writing in strong opposition to the addition of language to H.R. 1195 that would pay for new procedural requirements on the CFPB by cutting or capping its budget, thereby reducing its ability to carry out its important consumer protection mission.”
“During her debut swing through Iowa this week, the former secretary of state pledged to promote a progressive agenda, stressing that ‘the deck is stacked in favor of those already at the top.’ That language struck a chord with members of [the Democracy Alliance]… [T]he organization is urging donors to contribute to an expanded suite of advocacy groups and think tanks devoted to economic inequality including Americans for Financial Reform, the Economic Policy Institute and the National Employment Law Project.”
“Americans for Financial Reform has steadily advocated for many of the policy ideas outlined in her speech, and applauds this heightened push to advance them… Even more important, we support Senator Warren’s call for a renewed effort both to carry out the Dodd-Frank reforms and, based on the lessons of the implementation process up to now, move beyond ‘technocratic’ measures that can be easy for the biggest banks to outmaneuver toward a more ‘structural’ approach and the promise of a fundamentally simpler, safer and fairer financial system.”
“Marcus Stanley, policy director at Americans for Financial Reform, said Warren’s speech lays ‘down the gauntlet for people in terms of taking specific, strong steps — including steps that go beyond Dodd-Frank — to reform Wall Street. That’s very meaningful in terms of the challenge it puts to people to say whether they’re in favor of that or not,’ he said.”
“Members of the SaveOurRetirement.org coalition and a diverse collection of public interest groups, civil rights leaders, labor unions, professional organizations and others today commended the public release of the Department of Labor’s (DOL) proposed rule to protect Americans from conflicts of interest when brokers and other financial advisers give retirement investment advice.”
“…we are writing in strong opposition to the addition of language to H.R. 1195 that would pay for new procedural requirements on the CFPB by cutting or capping its budget, thereby reducing its ability to carry out its important consumer protection mission.”
“‘I see this as a win not just for too-big-to-fail, but for the extension of the regulatory perimeter in Dodd-Frank,” said Marcus Stanley, policy director at Americans for Financial Reform. “You basically had one of the largest consumer and investment banks in the country stapled onto a major industrial corporation, and because it was part of this conglomerate, it wasn’t being regulated like a major bank. When the Fed changed that regime, GE decided it wouldn’t be as profitable.'”