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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 […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]
AFREF joined a letter responding to a request for information from the White House Office of Science and Technology Policy about how federal agencies can better support collaboration with other levels of government, civil society, and the research community regarding the production and use of equitable data. The post Letters to Regulators: Comment Letter in […]
AFREF joined 91 coalition partners in sending a letter to the CFPB in support of banning all medical debt from consumer credit reports. The letter asks the CFPB to take a step further and address this issue by beginning the rulemaking process to ban medical for medically necessary services. The post Letters to Regulators: Letter […]