Letters to Regulators: Letter in Response to the Department of Commerce’s RFI on the Implementation of the CHIPS Incentives Program

AFREF led thirteen partners in submitting a comment letter in response to a Department of Commerce request for information on the implementation of the CHIPS incentives program.  The letter describes how stock buybacks and outsized executive compensation packages undermine innovation and inclusive economic growth, and details the semiconductor industry’s track record of massive spending on […]

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Letters to Regulators: Comment Letter on the Federal Home Loan Bank System

AFREF sent comments calling on the Federal Home Loan Banks to substantially increase funding for the Affordable Housing Program, and enact executive compensation reform if the banking system is going to continue to benefit from significant public subsidies. The post Letters to Regulators: Comment Letter on the Federal Home Loan Bank System appeared first on […]

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Letters to Regulators: Comment Letter on Fintech and Housing Finance

AFREF joined experts in the field in submitting comments calling on the FHFA Office of Financial Technology to ensure that new applications of fintech to housing finance do not violate consumer protections or fair housing violations. Specific recommendations are made to avoid algorithmic bias and e-signature fraud, along with a general principle of caution when […]

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Letters to Regulators: Letter Calling on HUD to Increase Affordability of FHA Insurance Mortgages

AFREF joined a letter calling on HUD to increase the affordability of FHA insurance mortgages by lowering the FHA Mortgage Insurance Premium by 25 to 35 basis points and ending the life of loan requirement on the FHA Mortgage Insurance Premiums. The post Letters to Regulators: Letter Calling on HUD to Increase Affordability of FHA […]

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Letters to Regulators: Letter Telling Fannie and Freddie to Finance Affordable Housing, Not Displacement

AFREF and 34 allies sent a letter regarding the Safety and Soundness Act, which requires FHFA to establish annual housing goals for mortgages purchased by Fannie Mae and Freddie Mac (the Enterprises). This letter supports the proposal’s move towards a methodology that focuses on the percentage, not number, of affordable housing units financed by the […]

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Letters to Regulators: Comment in Response to Proposed Amendment to Prohibited Transaction Class Exemption 84-14

AFREF led a letter to the Department of Labor in response to their proposed amendment to prohibited transaction class action exemption 84-14. The post Letters to Regulators: Comment in Response to Proposed Amendment to Prohibited Transaction Class Exemption 84-14 appeared first on Americans for Financial Reform.

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Letters to the Administration: Letter to President Biden on Contracting Standards

AFREF led a letter to President Biden calling on him to adopt contracting standards to: 1) narrow the gaps between CEO and worker pay; 2) reduce wasteful spending on stock buybacks; and 3) support workers’ rights to freedom of association and collective bargaining. The post Letters to the Administration: Letter to President Biden on Contracting […]

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Letters to Regulators: Letter to the SEC and CFTC on Proposed Amendments to Form PF

AFREF sent a letter in support of proposals from both the Securities and Exchange Commission and Commodity Futures Trading Commission that would provide the agencies and by extension the Financial Stability Oversight Council with additional information from the $18 trillion private fund industry related to: more specific details about their holdings in digital assets, more […]

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