Americans for Financial Reform

Letter to Congress: AFR, 22 Organizations Urge Congress Not to Undermine the CFPB, SEC

“On behalf of the undersigned organizations, we are writing to express our opposition to the Financial Services and General Government appropriations bill. Key elements of this bill would undermine the capacity of financial regulators to protect consumers and oversee our financial markets. By removing independent funding for the Consumer Financial Protection Bureau (CFPB), this legislation would subject the CFPB to limitations placed on no other banking regulator…This appropriations bill would also significantly underfund the Securities and Exchange Commission (SEC) by denying over $200 million in funding necessary to provide proper oversight of investment professionals and securities markets.”

Letter to Congress: AFR and The Consumer Federation of America Urge Congress to Oppose HR 2187

“This week the Capital Markets and Government Sponsored Enterprises Subcommittee has scheduled a hearing at which it will consider legislation (H.R. 2187) that would dramatically expand the categories of individuals who are permitted to invest in private offerings issued under Regulation D of the securities laws. We are writing on behalf of the Consumer Federation of America (CFA) and Americans for Financial Reform (AFR) to express our strong opposition to the legislation as currently drafted.”

Letter to the President: AFR, 16 Organizations Urge President Obama to Nominate Candidates with a Record of Investor Protection to the SEC

“We are writing regarding the upcoming vacancies at the Securities and Exchange Commission (SEC). We believe that it is of utmost importance that you nominate candidates with a strong and demonstrated commitment to protecting investors and to moving ahead with needed reforms in our financial markets.”

AFR Report: Where They Stand on Financial Reform

In a new report, Americans for Financial Reform looks at what the 113th Congress did in 2013-2014 to advance or impede the cause of stronger regulation of the financial industry. AFR’s report, Where They Stand on Financial Reform (view or download PDF here), tracks a

Letter to Congress: AFR, Consumer Groups Oppose Legislation Being Considered Before House Financial Services Committee

AFR and consumer organizations sent materials to members of Congress regarding the hearing, “Examining Legislative Proposals to Preserve Consumer Choice and Financial Independence” in the House Financial Services Committee. The materials urge opposition to nine pieces of legislation that would be harmful to consumers and investors.

Letter to Regulator: AFR Joins 8 Organizations in Urging FCC to Strengthen Consumer Protections Against Robodialing

“We, the undersigned national advocacy organizations representing consumers across America, very much appreciate the Chairman’s proposed Declaratory Ruling rejecting most of the requests by industry to undermine the essential protections of the Telephone Consumer Protection Act. “

Press Release: More than 13,500 People Tell the CFPB: Happy Birthday and Keep up the Good Fight

Consumer Financial Protection Bureau Director Richard Cordray accepted delivery today of a set of birthday-card-style petitions in which more than 13,500 Americans express their support and gratitude for the Bureau’s efforts “to safeguard American consumers, families and communities against the deceptive and abusive practices of

Letter to Regulator: AFR Joins 45 Organizations in Urging the Department of Education to Act Proactively Towards Predatory, For-Profit Colleges

“This letter seeks to engage the Department of Education on developing a proactive, risk-based, student-centered strategy for dealing with companies that the Department has reason to believe may be breaking the law and putting students and taxpayers in jeopardy.”

Letter to Congress: AFR Urges Congress to Keep Our Markets Safe, Reject HR 2289

“On behalf of Americans for Financial Reform, we are writing to express our opposition to HR 2289, “The Commodity End User Relief Act”. This legislation would have a severe negative impact on the Commodity Futures Trading Commission (CFTC) and its ability to police commodity and derivatives markets.”

AFR in the News: 5 questions for Hillary Clinton on Wall Street (CNN)

“‘A candidate could both support legislative change and tie commitments to that to how they’re thinking about appointments,’ said Lisa Donner, executive director of Americans for Financial Reform. Donner added that it’s also important what kind of economic advisers candidates surround themselves with.”