October 1, 2018
Americans for Financial Reform Education Fund (AFR Education Fund), sent a letter to the Federal Reserve in response to the recent letter from Senator Perdue and others. The Perdue letter urges regulators to view the implementation of S. 2155 as requiring extensive and inappropriate deregulation of large banks. AFR Ed Fund argued that the Perdue letter misrepresents the substance of S. 2155 and calls for changes in regulation that are misguided and unjustified by any reasonable assessment of the Federal Reserve’s responsibility to maintain adequate prudential regulation of some of the nation’s largest and most important bank holding companies.