News Release: OCC Seeks Input on Climate Risk Management for Large Banks

Americans for Financial Reform Education Fund (AFREF) applauds the Office of the Comptroller of the Currency (OCC) for seeking comment on this strong first draft of principles to guide large banks on how to manage the risk that climate change poses to their safety and soundness. The post News Release: OCC Seeks Input on Climate […]

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News Release: AFREF and Partners Submit Comments On Labor Department Proposal to Allow Retirement Plans To Consider Sustainability, Jobs, Equity, Workers 

Americans for Financial Reform Education Fund (AFREF) submitted comments to the Labor Department supporting a proposed rule that will allow and encourage private retirement plans and pensions to consider sustainability factors like climate change, workers’ rights, racial, economic and environmental justice, and corporate governance when investing and voting proxies. The post News Release: AFREF and […]

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Letter to Regulators: Letter Calling on Regulators to Halt Bank Mergers

AFREF led a letter to regulators stating that the laissez-faire stance adopted by the Department of Justice and the federal bank regulators and current merger guidelines have hurt small businesses, community banks, and households, especially those in BIPOC communities. The letter urges regulators to temporarily halt consideration of pending bank mergers until the DOJ and […]

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Letters to Regulators: AFREF, Sierra Club and 10 Partners Support DOL Sustainable Investing Proposal, Urge Further Action

Americans for Financial Reform Education Fund and Sierra Club were joined by 10 organizations in a comment letter to the DOL supporting a proposal to encourage fiduciaries to consider climate change and ESG factors, and calling for further actions to standardize sustainable investing for private retirement plans and pensions. The post Letters to Regulators: AFREF, Sierra […]

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Letters to Regulators: Letter to Treasury in Response to Request for Comment on Small Dollar Loan Program Application

AFREF, CRL, CFA, and NCLC sent comments to the Department of Treasury in response to their request for comment concerning the Small Dollar Loan (SDL) Program Application. The post Letters to Regulators: Letter to Treasury in Response to Request for Comment on Small Dollar Loan Program Application appeared first on Americans for Financial Reform.

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Letters to Regulators: Memo to ED Supporting Continuity of Education From Carceral Setting to Reentry In Regulations on Pell Grants for Prison Education Programs

AFREF joined a memo to ED establishing their obligation to support education in reentry as Pell has been reinstated for incarcerated individuals and more individuals who will now begin a postsecondary education inside will not finish their degree within the correctional setting and will instead have to finish during reentry. The paper also demonstrates the […]

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Letters to the Administration: Letter Urging OMB and OIRA to Implement the January 20th Memo on Modernizing Regulatory Review

AFREF joined a letter urging the Biden Administration to immediately begin the process of implementing reforms outlined in the January 20th memo on “Modernizing Regulatory Review.” The post Letters to the Administration: Letter Urging OMB and OIRA to Implement the January 20th Memo on Modernizing Regulatory Review appeared first on Americans for Financial Reform.

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Letters to Regulators: Federal Insurance Office Request for Information on the Insurance Sector and Climate-Related Financial Risks

AFREF sent a letter to the Treasury’s Federal Insurance Office (FIO) on how the agency can coordinate with state insurance regulators and insurers to have the necessary data, supervisory framework, and prudential regulation in a world where climate-related losses continue to rise and pose risks to the entire financial system.  The post Letters to Regulators: […]

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Letters to Regulators: Letter to HUD on Evictions in HUD-Assisted Housing and the Interim Final Rule, Extension of Time and Required Disclosures for Nonpayment of Rent 

AFREF joined a letter urging HUD to strengthen its recent Interim Final Rule intended to prevent evictions. The post Letters to Regulators: Letter to HUD on Evictions in HUD-Assisted Housing and the Interim Final Rule, Extension of Time and Required Disclosures for Nonpayment of Rent  appeared first on Americans for Financial Reform.

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