Congress Archives - Page 12 of 27 - Americans for Financial Reform

Letter to Congress: Enhanced Financial Protections for Small Businesses

“Small businesses are a primary driver of job growth and wealth creation in the United States, providing more than half the country’s jobs and two-thirds of net new jobs. …There is a strong and growing consensus that small businesses should have stronger federal protections in the financial marketplace. …The best agency to oversee protections for small businesses is the CFPB. The CFPB is the primary enforcer of the core statutes that protect borrowers and other users of financial services against misconduct.”

AFR Report: Wall Street Lobby and Campaign Cash Tops $2 Billion for 2016 Elections

During the 2015-16 election cycle, Wall Street banks and financial interests spent more than $2 billion to influence decision-making in Washington, according to a report released today by Americans for Financial Reform. That total, derived from an exclusive data set, works out to more than $2.7 million a day.

Joint Letter to Congress: 304 Organizations Say No Backdoor Giveaways to Wall Street

“The budget is not the place to try to force through provisions that are dangerous to economic stability or to families economic security, would not pass alone, or that the President would likely veto. We strongly urge Members of Congress to oppose any flawed funding proposals that undermine the CFPB, the Dodd-Frank Act, the DOL’s conflict-of-interest rule, or other financial reform and accountability legislation or regulations.”

AFR Voting Record for 2015-16: Where They Stand on Financial Reform

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: Dodd-Frank Rollback Bill Advances in Senate (ThinkAdvisor)

“Americans for Financial Reform stated that the bill is ‘fundamentally misconceived: while its proponents claim to be focused on the needs of small community banks, the substance of the bill reads more like a deregulatory wish list for big banks and other large financial players.’ AFR stated that a ‘disturbing number of lawmakers are once again willing to act as shills for Wall Street and its discredited deregulatory agenda,’ adding that it’s ‘unlikely that this dangerous bill or anything like it will become law.’”

Letter to Congress: AFR Urges Senate to Reject Toomey Amendment

“On behalf of Americans for Financial Reform we are writing to express our opposition to Senator Toomey’s Amendment 8, offered by Senator Toomey to Senator Shelby’s regulatory reform bill scheduled for mark-up on May 21.”

Letter to Congress: AFR Supports Operation Choke Point, Urges Congress to Reject Crapo Amendment

On behalf of Americans for Financial Reform, we urge you to oppose Senator Crapo’s Amendment 19 to Senator Shelby’s regulatory reform bill scheduled for mark-up today, May 21. The amendment would prohibit the banking agencies from implementing or participating in the Department of Justice’s Operation Choke Point.

Letter to Congress: AFR Letter on the Democratic Substitute Amendment to “The Financial Regulatory Improvement Act of 2015”

“The Democratic substitute amendment represents a better approach to protecting consumers and the broader stability and security of the financial system, as well as to balancing attention to the concerns of real community banks and the need for key standards to apply across the system. “

Letter to Congress: AFR, 23 Organizations Oppose Chairman Shelby’s “Financial Regulatory Improvement Act of 2015”

“On behalf of Americans for Financial Reform and the undersigned organizations, we are writing to express our opposition to Chairman Shelby’s draft legislation, “The Financial Regulatory Improvement Act of 2015.”… While there are a number of reasonable proposals within this lengthy bill, the legislation as a whole contains numerous provisions that would unacceptably weaken consumer and financial protections.”