AFREF, Consumer Federation of America and Prof. Art Wilmarth submitted comments to the FDIC warning about the harms to consumers, communities, and the financial system that would ensue from expanding the industrial loan company (ILC) bank charter loophole to Big Tech, crypto, and other predatory financial firms.
AFREF submitted a comment to the Federal Reserve, Office of the Comptroller of the Currency, and the FDIC criticizing a dangerous proposal to weaken critical bank capital standards put in place after the 2008 financial crisis that would increase the likelihood and severity of a financial crisis that could imperil the entire economy.
Americans for Financial Reform joined labor and progressive advocacy groups representing millions of workers in a letter to state financial officers who oversee pension funds that hold billions of dollars in shares of Tesla, urging them to oppose excessive pay packages for Tesla CEO Elon Musk, warning it would put workers’ retirement savings at unnecessary risk and undermine corporate accountability. […]
AFREF joined Public Citizen and other groups in a letter to the Securities and Exchange Commission in defense of executive compensation disclosures. The post Letters to the Regulators: Letter to the SEC in Defense of Executive Compensation Disclosure appeared first on Americans for Financial Reform.
AFREF sent a letter to the CFPB opposing proposed rescissions that would create blanket confidentiality for all CFPB orders and decisions about non-bank supervisory determinations that would strip away transparency for some of the riskiest and least regulated nonbank financial products. The post Letters to the Regulators: AFREF Opposes Effort to Prevent CFPB Supervisory Transparency […]
AFREF sent a letter to the CFPB opposing its proposal to rescind a repeat offender database of nonbank enforcement and agency orders. This will help state and federal regulators, advocates, and the public identify repeat offenders and more easily spot patterns and practices of misconduct. The post Letters to the Regulators: AFREF Opposes Effort to […]
Public Citizen and Americans for Financial Reform Education Fund submitted a comment to the New York State Department of Financial Services (DFS) on its proposal to evaluate nonbank mortgage lenders in New York based on their performance in meeting the credit needs of the communities where they operate, including needs related to increasing climate risks […]
Americans for Financial Reform Education Fund (AFREF) submitted a comment letter supporting a Consumer Financial Protection Bureau’s advanced notice of proposed rulemaking (ANPR) to provide relief to victims of coerced debt The post Letters to the Regulators: Letter Supporting a CFPB Proposed Rulemaking That Provides Relief to Victims of Coerced Debt appeared first on Americans […]
Americans for Financial Reform Education Fund submitted a comment in support of the Federal Trade Commission’s proposed 6(b) study of large-scale single family home investors and the Commission’s plan to publicly disseminate information about homes owned by “mega investors,” defined as entities that own over 1,000 single family rental homes. The post Letters to the […]
AFREF and 36 partners led a letter urging the Department of Treasury’s Federal Insurance Office (FIO) to swiftly release the homeowner insurance data that the National Association of Insurance Commissioners collected from over 330 insurers representing over 80% of the property and casualty market while also urging FIO to swiftly release a robust report analyzing […]