AFR Urges Stronger Leverage Ratio
AFR wrote to the banking regulators to urge them to strengthen the new supplementary leverage ratio proposed for large U.S. banks.
Delayed, Diluted, and Defunct: Oct. 25th Briefing on the Broken Regulatory Process
The safety of the food we eat, the air we breathe, the cars we drive — Congress enacted landmark laws to tackle these threats to the public. Yet today, many of the rules required to execute these laws have been delayed and/or weakened under
Do Not Weaken Dodd-Frank Mortgage Protections – Oppose HR 3211
AFR joined twenty public interest, consumer, and labor organizations in sending a letter to members of Congress urging them to oppose HR 3211. This legislation would reopen the door to the higher fees borrowers faced in the lead up to the mortgage crisis.
No Fresh Start: How States Let Debt Collectors Push Families into Poverty (New NCLC Report)
The best and worst states when it comes to taking measures to keep creditors from pushing debtors and their families into destitution.
Capitol Hill Briefing: Restoring Investor Rights
The use of mandatory arbitration in disputes between investors, on the one hand, and brokers or other investment professionals, on the other. Hosted by Americans for Financial Reform, North American Securities Administrators Association and Public Citizen
Materials on Swaps Pushout
AFR opposes HR 992, legislation which would change the law to permit public support of swaps dealing activities at some of the largest banks on Wall Street. At a time when there is bipartisan agreement that subsidies to too-big-to-fail banks must end, this legislation moves in exactly the wrong direction.
Materials on Fiduciary Duty of Financial Advisors
AFR stands with many of our partner organizations in opposition to HR 2374, which would delay needed reforms that would protect middle-class savings and help to restore needed confidence in our financial markets. Here is a compilation of materials on the issue of HR 2374.
“Financial Justice”: Senators Warren and Merkley Join Co-authors of a New Book about the AFR Coalition
While many books have been written about the financial crisis of 2008 and the political response, this is the only account told from the perspective of the broad-based citizens’ advocacy coalition formed under the umbrella of Americans for Financial Reform.
AFR Joins Calls For Barclays to Admit Mistakes and Pay Into the Low Income Home Energy Assistance Program
AFR joined seven organizations in demanding that Barclay’s to pay the fines imposed by FERC for manipulating low income families into paying higher utility bills in time for the winter heating season.
CFPB Report: Three Years After the CARD Act, Card Holders Have Saved Billions
Late fees down by an average of $6; more people making above-the-minimum payments; far fewer young adults signing up for credit cards in the first place – these are some of the results of a landmark 2009 law, according to a new report issued by the Consumer Financial Protection Bureau.