AFR sent a letter to members of Congress urging them to oppose H.R. 2446. This legislation will exempt payments related to homeowner warranties (also known as home service contracts) from the Real Estate Settlement Procedure Act’s ban on kickbacks and referral fees. We believe exempting payments related to these products from the ban on kickbacks and referral fees would be harmful to consumers.
AFR and CFA sent a letter endorsing S. 3416, a piece of legislation which would enable the SEC to impose more meaningful fines on those who violate the securities laws and perpetrate fraud.
AFR sent a letter to members of Congress urging them to oppose H.R. 6139. This legislation would weaken consumer protection against financial abuses, undermine the authority of the CFPB over a huge swath of consumer financial products and services, and override state consumer protection laws through preemption.
AFR sent a letter to members of Congress urging them to oppose H.R. 2827, This legislation would effectively eliminate new safeguards passed in the Dodd-Frank Act to protect taxpayers from financial exploitation. It must be rejected.
AFR sent a letter to the Hill urging members to oppose HR 5893. This legislation would significantly hamper ability of regulators to institute any new oversight on our largest banks, and it should be rejected.
AFR sent a letter to members of Congress urging them to oppose H.R. 4323, which would weaken consumer protections and increase the amount of fees paid by families on their mortgages. This bill would also undermine the CFPB.
With estimates of JP Morgan’s trading losses now climbing as high as 9 billion there have been increasing calls for Jamie Dimon to resign from the board of directors of the New York Federal Reserve. It is indeed outrageous that Dimon is on the board of
AFR sent a letter to the hill urging members of Congress to oppose the House Appropriations Committee’s proposal to cut sorely needed funding for the Commodities Futures Trading Commission (CFTC.)
Read our letter opposing the House Appropriations Committee’s proposal to eliminate the budgetary independence of the CFPB.
AFR sent a letter endorsing S. 3219 “The Federal Reserve Independence Act” The bill mandates that the directors of regional Federal Reserve banks be appointed by the Board of Governors, rather than elected by the banks they supervise. It also bans directors or employees of the Federal Reserve from holding stock in the banks they supervise.