“As organizations that support strengthening protections for retirement savers, we write to thank you for sending a proposed rule to the Office of Management and Budget (OMB) to update and close loopholes in the 40-year-old rules that apply when individuals receive professional advice about retirement investments. Updating protections for retirement savers is urgently needed and long overdue.”
This legislation is the latest effort to cripple regulators’ ability to protect the public interest by loading them down with new paperwork requirements and enabling even more industry lawsuits. HR 50 would impose dozens of new analysis burdens on the financial regulators who oversee Wall Street, and then change the law to ensure the ability of big banks to sue to stop a regulation based on even a single claimed analytical failure.
The Institute on Agriculture and Trade Policy and Americans for Financial Reform submitted a joint comment on position limits for commodities to the Commodity Futures Trading Commission.
Download the letter here.
Don’t open the floodgates to a wave of “wrong number” calls to cell phones, say AFR, NCLC and more than 75 national and state groups in a letter urging the FCC to stand by the safeguards of the Telephone Consumer Protection Act.
Watch AFR’s Policy Director, Dr. Marcus Stanley, discuss the regulation of investment advisers at the Cato Institute’s “Should Investment Advisers Be Regulated, If So, How?” on the second panel.
AFR’s Policy Director, Dr. Marcus Stanley, appeared on CNBC to discuss the benefits of regulation for consumers on CNBC.
View the PDF Version Here January 26, 2011 The Honorable Barack Obama President of the United States 1600 Pennsylvania Avenue Washington, DC 20500 Dear Mr. President: Thank you for your leadership to make college more affordable in order to expand opportunity and strengthen our economy.
This article from Zach Carter with SNL Financial outlines the problems with the current regulation, and lack thereof, of Refund Anticipation Loans. Click here for the article (pdf).