Foes Revise Plan to Curb New Agency Edward Wyatt and Ben Protess (New York Times) May 5, 2011 “Legislators also have called for the consumer bureau to be subject to the Congressional appropriations process. As established, its budget is set as a percentage of the
Read the pdf here. May 4th, 2011 Dear Senator, As the Financial Services Appropriations Subcommittee begins consideration of fiscal year 2012 agency funding decisions, we want first to thank you for recognizing the role that the Securities and Exchange Commission (SEC) and Commodity Futures Trading
View the press release in pdf form here. FOR IMMEDIATE RELEASE: CONTACT: May 4, 2011 Travis Plunkett, 202-939-1004 Jack Gills, 202-737-0766 HOUSE MOVES TO HANDCUFF NEW CONSUMER FINANCIAL AGENCY –Legislation Will Give Discredited Banking Regulators Vast Power to Block Needed Protections– The Consumer Federation of
FOR IMMEDIATE RELEASE May 4, 2011 CONTACT: John Carey 202-466-1854 john@ourfinancialsecurity.org Consumers Demand a Strong Consumer Financial Protection Bureau Efforts to Handcuff the CFPB in House Subcommittee are Wrong Washington, DC – Today, a House Financial Services subcommittee is considering two pieces of legislation that
TALKING POINTS ON HR 1610 The Financial Crisis Inquiry Commission (FCIC) report made clear that unregulated derivatives markets played a critical role in the financial crisis of 2008. HR 1610 would create major loopholes in the Dodd-Frank derivatives rules. It would prevent regulators from requiring
Read our pdf here. May 3rd, 2011 Dear Representative, On behalf of Americans for Financial Reform, we are writing to urge you to oppose H.R. 1610, a bill that would introduce various new exemptions into the derivatives provisions of Title VII of the Dodd-Frank Act.
Read AFR’s letter to members of congress, urging their opposition to oppose H.R. 1082, which would amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers.
Read AFR’s letter to members of congress calling for their opposition to H.R. 1539, a bill that would hamstring the Dodd Frank Wall Street Reform and Consumer Protection Act’s effort to hold Nationally Recognized Statistical Rating Organizations (NRSROs) to a higher standard of conduct.
Read our letter to members of congress urging their opposition to H.R. 1062, that will repeal Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 953(b) requires public companies to disclose the pay disparity ratio between the company CEO and the median employee of the company.
44 Senate Republicans sent a letter to President Obama refusing to confirm any director to the CFPB unless the Bureau is significantly weakened. Read the full letter here.