Americans for Financial Reform and Public Citizen along with 50 organizations that advocate for racial, social, economic, and climate justice, wrote to urge Senate Majority Leader Schumer to confirm pending nominees for financial regulators and independent agencies like the National Labor Relations Board. The post Letters to Congress: Letter Urging Senate Majority to Confirm Pending […]
AFR and consumer, community, small business, and farm advocates sent a letter to the House Oversight and Accountability urging them to oppose legislation that aims to privatize federal loan guarantee programs. This measure would be a big win for Wall Street but reduce access, raise costs, and exacerbate racial gaps in homeownership rates, small business […]
The Americans for Financial Reform Education Fund (AFREF), along with 37 labor unions, investors, and advocacy organizations, submitted a comment letter to the Federal Deposit Insurance Corporation (FDIC) in support of their proposal to strengthen regulations under the Change in Bank Control Act (CBCA). The post Letters to Regulators: Letters to the FDIC Regarding the […]
The Americans for Financial Reform Education Fund led a letter of 10 signers urging the Securities and Exchange Commission (SEC) to reject an application for a novel exchange traded fund (ETF) that would allow retail investors to invest in the $1.7 trillion private credit market. Several larger institutional investors have already taken losses in the […]
AFR joined nearly 80 environmental and public interest advocates calling on Majority Leader Schumer to prevent the consideration of deeply flawed crypto legislation being discussed in the Senate Agriculture Committee because it would worsen climate emissions. Crypto is highly energy intensive and has already buoyed fossil fuel power plants, extraction, and climate emissions. The post Letters to […]
AFREF submitted a comment letter supporting the National Consumer Law Center’s petition urging the Consumer Financial Protection Bureau to define residential real estate leases as “credit” and landlords as “creditors” under the Equal Credit Opportunity Act. This petition for rulemaking addresses important components of the ongoing legacy of structural racism in credit and residential housing for […]
AFREF, Consumer Federation of America, Prof. Arthur Wilmarth, Jr. and Center for Responsible Lending submitted a comment to the Federal Deposit Insurance Corporation supporting the effort to strengthen the oversight of industrial loan companies (ILCs). The proposed rule would heighten scrutiny of new ILCs or attempts to take over existing ILCs that will more fully […]
Americans for Financial Reform Education Fund (AFREF) submitted a comment letter supporting a petition from the National Consumer Law Center and the Center for Survivor Agency and Justice asking the Consumer Financial Protection Bureau to provide relief to victims of coerced debt under the Fair Credit Reporting Act. The petition would provide critically needed relief […]
AFREF submitted comments to the Federal Trade Commission and Department of Justice on serial acquisitions and roll-up strategies and their impact on competition, the market, workers, consumers, and communities. Decades of unchecked mergers, driven largely by private equity, have consolidated economic power and raised consumer prices, suppressed workers’ wages, undermined the ability to form and sustain […]
AFR-EF submitted comments on the HUD’s Single Family Home Sale Program in support of improved borrower protections for homeowners impacted by FHA note sales. AFR-EF also called on the FHA to change practices that allow private equity and other corporate landlords access to large note pools, highlighting the negative impacts on homeowners and their neighborhoods. […]