Letters to Regulators: Letter Asking for Restored Supervisory and Enforcement Tools in Mortgage Servicing Rules

AFREF, NCLC, NFHA and NHLP sent a letter to the CFPB, FRB, FDIC, OCC, NCUA and CSBS asking the agencies to update the April 3, 2020 Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the COVID-19 Emergency and the CARES Act to restore key supervisory and enforcement tools […]

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Letters to Regulators: Sign-on letter from Consumer Federation of America to the SEC on Repairing Corporate America’s Broken Reporting Infrastructure

AFREF, alongside 34 other organizations, joined a letter The Consumer Federation of America (CFA) submitted on June 7th to the Securities and Exchange Commission (SEC) raising concerns about the dire state of financial reporting in Corporate America.  The post Letters to Regulators: Sign-on letter from Consumer Federation of America to the SEC on Repairing Corporate […]

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Letters to Regulators: Letter to CFPB on Urging In-Language Outreach to LEP Consumers Facing COVID-19 Hardship and Expansion of Language Access in Mortgage Origination and Servicing

View or download pdf. August 24, 2020   Director Kathleen Kraninger Consumer Financial Protection Bureau 1700 G Street, N.W. Washington, DC 20552   Re:      Language Access Roundtable Discussion   Dear Director Kraninger:   Thank you for inviting us to participate in the Bureau’s July 29 roundtable discussion of issues facing limited English proficient (LEP) […]

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NEWS RELEASE: Advocates for Workers and Investors Call on Labor Department to Withdraw Policy that Lets Private Equity Loot Retirement Plans

Nineteen organizations and individuals that advocate on behalf of consumers, workers, investors and retirees have called on the Department of Labor to withdraw its controversial policy statement opening the door to private equity investments in 401(k) plans.

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Letter to Regulators: The Fed must reject any effort by banks to increase involvement in oil and gas

Americans for Financial Reform Education Fund sent a letter to the Federal Reserve Board, urging them to avoid any actions which would permit the financial holding companies or any of their subsidiaries to directly or indirectly operate oil or gas companies. The letter highlights the manifold physical, economic, reputational and financial system risks of bank commodity holdings, risks have become even more severe with the recent dislocation in global energy markets. As these markets will be disrupted for an extended period, the letter asks the Board to firmly reject any effort by banks to use the situation with respect to defaulting loans in the energy industry to increase bank involvement in the oil and gas industry.

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