Letters to Congress: Twenty-nine organizations sent joint letter urging to eliminate all financial deregulatory provisions packaged in the Financial Services and General Government appropriations bill.
Click here for PDF version of the full letter.
AFR and more than 300 organizations urge members of Congress to oppose any poison pill financial reform policy riders, whether to put the CFPB under the normal Appropriations process, otherwise weaken the authority, structure or independence of the CFPB.
It would gut the Consumer Financial Protection Bureau, enable reckless behavior by big banks, and hand a special favor to payday lenders. Lawmakers should reject this legislation out of hand.