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Letters and Statements

News Release: Fed Deregulation Of Bank Capital Distributions Increases Risks To The Public
March 7, 2019 – 4:49 pm

This decision increases risks to the public. It is just one of numerous current and proposed deregulatory changes, to both the stress tests and other prudential requirements, which are currently in process at banking regulators.

Letter To Regulators: Comment On Standardized Approach For Calculating The Exposure Amount Of Derivatives Contracts
February 15, 2019 – 11:21 am

The replacement of the CEM by the SA-CCR would significantly reduce leverage capital requirements for bank derivatives positions, which we believe would cut total capital backing derivatives books at large banks.

Comunicado De Prensa: Capital Privado Amenaza A Residentes De Viviendas Prefabricadas
February 14, 2019 – 1:35 pm

Muchos de los inversionistas de capital privado y de bienes raíces más grandes del mundo, administrando más de $1.77 billones en activos, han estado comprado comunidades de viviendas prefabricadas a un ritmo acelerado y han aumentado estrepitosamente los alquileres y otros costos, lo cual representa una nueva gran amenaza para la seguridad económica de millones de adultos mayores, personas con discapacidades, familias, e inmigrantes que necesitan viviendas de bajo costo; según reporta un nuevo informe.

News Release: Private Equity Threatens Manufactured Home Residents
February 14, 2019 – 1:35 pm

Many of the largest private equity and real estate investors in the world, managing more than $1.77 trillion in assets, have bought up manufactured home communities at a rapid pace and raised rents and fees sharply, posing a dramatic new threat to the economic security of millions of seniors, people with disabilities, families, and immigrants in need of low-cost housing, according to a new report.

News Release: Consumer Groups Strongly Oppose CFPB Product Sandbox Proposal
February 12, 2019 – 4:11 pm

A group of 80 consumer, civil rights, legal services, labor, environmental, and community groups today expressed their strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s no-action letter policy and its proposed product sandbox.

Stop The Debt Trap Statement: CFPB Releases Plan To Gut Payday Loan Protections
February 6, 2019 – 12:45 pm

This puts a vital consumer protection on the chopping block at the behest of predatory payday lenders, inviting them to continue profiting from trapping borrowers in a cycle of debt. We urge the Director to change course and not finalize such a rule.

Joint Letter: Letter to CRAs urging credit relief for federal contractors and small businesses affected by the shutdown
January 25, 2019 – 10:56 am

letter to CRAs urging credit relief for federal contractors and small businesses affected by shutdown

Joint Letter: Consumer Groups Urge FDIC To Promote Financial Inclusion For Distressed Consumers
January 24, 2019 – 12:48 pm

Several safeguards are critical to ensure that bank loan programs—particularly those designed for financially distressed consumers—promote financial inclusion rather than exacerbate financial exclusion and distress.