AFR Letter: Oppose House Appropriations Proposal to Eliminate Budget Independence of CFPB
Read our letter opposing the House Appropriations Committee’s proposal to eliminate the budgetary independence of the CFPB.
Tag Archives: Congress
AFR Letter: Support “The Federal Reserve Independence Act” S. 3219
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.
AFR Letter: Oppose HR 1588
AFR sent a letter to members of Congress urging them to oppose HR 1588, a bill that would preempt state laws with stronger protections for rent-to-own consumers.
AFR Letter: Oppose H.R. 1840
AFR sent a letter to members of Congress urging them to oppose H.R. 1840, legislation that unnecessarily adds over a dozen additional requirements to the already existing statutory cost-benefit requirements for the Commodity Futures Trading Commission (CFTC). These requirements would effectively paralyze the agency’s rule writing capacity, and make it impossible for the CFTC to implement laws passed by Congress to safeguard our financial system.
AFR Letter: Oppose HR 1838
Read AFR’s letter opposing HR 1838 here
AFR Letter: Oppose the Sequester Replacement Reconciliation Act of 2012
AFR sent a letter to members of congress, urging them to oppose the “Sequester Replacement Reconciliation Act of 2012”, which would end the Home Affordable Mortgage Program (HAMP), repeal the resolution authority granted to the FDIC to liquidate failing financial institutions, eliminate the Office of Financial Research, and eliminate the independence of the Consumer Financial Protection Bureau by making it the only bank regulatory agency subject to the appropriations process.
AFR Letter: Support the SAFE Act
AFR sent a letter to Senator Sherrod Brown, pledging our support for “The Safe, Accountable, Fair, and Efficient Banking Act of 2012.” The SAFE Banking Act would limit the total size of any banking institution and impose a leverage limit of 10 to 1, and thus ensure that all of our financial institutions are fully exposed to market discipline.
Sign On Letter: Support Full Funding for the CFTC
AFR signed onto to a letter along with more than 50 other organizations, urging members of Congress to support full funding for the CFTC.
AFR Letter: Oppose HR 3336
AFR sent a letter to members of congress urging them to oppose HR 3336, which would expand already generous regulatory exemptions for large financial entities.
AFR Letter: Oppose HR 3527
AFR sent a letter to the House urging members to oppose HR 3527, which would create unnecessary roadblocks to enforcement of derivatives oversight on big Wall Street banks and the financial services industry.