Senator Pat Roberts (R-Kan.) has introduced legislation directing U.S. companies to refuse to comply with the proposed tax. Rather than trying to obstruct the EU proposal, “U.S. elected officials should be considering the potential benefits that such taxes could deliver for this country.”
Joint letter asks the Department of Defense to protect service members from high-cost installment loans and other forms of credit not yet covered by a 36 percent interest-and-fee cap and other protections.
AFR joined AARP, AFL-CIO, Consumer Federation of America, Demos, Pension Rights Center, Public Citizen, and U.S. PIRG in sending a letter to members of the Senate urging them not to sign a letter being circulated by Senator Tester attempting to stop a Department of Labor rule making to protect retirement savings by closing gaps and loopholes in fiduciary duty requirements in connection with ERISA funds.
A new national survey shows overwhelming support across lines of age, race, geography, and political party for tougher regulation of Wall Street and financial companies.
In today’s workplaces, retirement-fund advice typically comes from broker-dealers who are free to put their own financial interests ahead of the interests of employees. Because they often do, many workers make investment decisions that cost them tens or even hundreds of thousands of dollars over
With the confirmation battle ended, the Columbus Dispatch paused to reflect on the Consumer Financial Protection Bureau’s accomplishments. “It’s off to a really good start,” AFR’s Lisa Donner told the Dispatch’s Jessica Wehrman. “But there’s a whole lot of work left to be done.”
AFR joined the AFL-CIO, AFSCME, Consumer Federation of America, SEIU, and U.S. PIRG in sending a letter to the Senate opposing S. 710. S. 710 would weaken accountability for financial advice to municipalities, harm communities, and is unnecessary given the exemptions that already exist in the law and the authority of the SEC to address any outstanding issues.
A Policy Forum on the Small-Business Stake in Big-Bank Reform Five years after the 2008 crisis, the financial world remains dominated by a half dozen megabanks which continue to engage in speculative activities for their own enrichment, even as they enjoy the benefits of
By 71 to 29, the Senate has agreed to end debate and allow a vote on the nomination of Richard Cordray as director of the Consumer Financial Protection Bureau. That vote “will remove the threat of legal challenges to the bureau’s rules and enforcement actions,” Bloomberg reports.
“Under Rich Cordray’s leadership, the Bureau has begun to make a difference for consumers. Now it’s here to stay. It can continue its important work, with its authority and independence intact. That’s terrific news for American families, and for the American economy.”