Americans for Financial Reform Education Funded joined with the National Consumer Law Center, the Consumer Federation of America, and other advocacy groups to express our support for recent announcements from Fannie Mae and Freddie Mac, reflecting their intention to explore carefully-crafted pilot programs aimed at reducing closing costs for homeowners–specifically, a “title acceptance” pilot program. […]
AFR signed on to a letter urging leaders of the House Appropriations Committee to undo irresponsible funding cuts and reject the harmful riders in the Fiscal Year 25 Commerce, Justice, Science, and Related Agencies (FY25 CJS) Appropriations legislation passed by the House Commerce, Justice, and Science (CJS) Subcommittee. The post Letters to Congress: Letter Urging […]
AFREF and 23 signatories submitted a comment letter calling on the Treasury Department and the IRS to finalize a rule implementing the 1% stock buybacks excise tax with strong anti-avoidance provisions. The post Letters to the Regulators: Letter Urging the Treasury and the IRS to Finalize the Stock Buybacks Excise Tax Rule appeared first on Americans […]
AFREF and 11 organizations submitted a comment letter to the Public Company Accounting Oversight Board (PCAOB) in support of a proposal to require public accounting firms to publicly report specified firm- and engagement-level metrics. If finalized, these metrics would provide investors, audit committees, and other stakeholders critical information to compare audit firms, make better-informed decisions, […]
AFREF, Public Citizen, and other allies sent a letter to President Biden urging him to nominate a strong progressive leader to head the Federal Deposit Insurance Corporation (FDIC) at this critical juncture. The post Letters to the Administration: Letter to President Biden to Nominate a Strong Progressive Leader to Head the FDIC appeared first on […]
AFREF submitted a second brief with the Office of the Comptroller of the Currency and Federal Reserve calling on the banking regulators to reject the proposed Capital One-Discover merger. The proposed Capital One-Discover merger would have significant anti-competitive impacts that would harm consumers and communities. The merger also fails to meet the requirements and conditions […]
AFREF and more than thirty allied organizations signed onto a letter calling for the banking agencies to finalize strong bank regulatory capital proposals. These are urgently needed to increase the large banks’ safety and soundness, strengthen financial system stability, and preserve ordinary people’s access to financial services. The post Letters to the Regulators: Letter in […]
AFR and partners led a letter opposing a set of financial institution bills scheduled for markup tomorrow, May 17th in the House. Title I of the first bill (H.R. 8337) is particularly egregious and would result in ~100 banking organizations being removed from CFPB oversight, among other negative consequences for Qualified mortgage requirements, the Durbin […]
Americans for Financial Reform (AFR) wrote a letter to the House Financial Services Committee expressing our strong opposition to legislation that the House Financial Services Committee (HFSC) is scheduled to consider this week that would amend the federal securities laws in ways that could be profoundly damaging to American workers and “mom and pop” investors. […]
Americans for Financial Reform (AFR) and partners led a letter the House Financial Services Committee (HFSC) to express our opposition to a legislation package that the committee is scheduled to markup this week. The collection of bills would erode consumer protections, enable predatory lenders, and hamstring the Consumer Financial Protection Bureau’s ability to fulfill its […]