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Letters to Regulators

AFR Calls for Restrictions on Wall Street Executive Pay and Bonuses
September 18, 2014 – 10:32 am

AFR submitted a comment letter to federal regulators urging that they impose strong restrictions on Wall Street executive pay and bonuses to ensure that they do not create incentives to take inappropriate short-term risks. This should be made a critical priority, given the role of pay in creating the incentives that led to the 2008 financial crisis.

AFR Comment Letter to CFPB on Request for Input on Mobile Financial Services
September 10, 2014 – 5:32 pm

AFR offered comments to the Consumer Financial Protection Bureau in response to their Request for Input on how consumers are using mobile financial services to access products and services, and manage finances. While mobile technology can enhance access to safer and more affordable technology for consumers, benefits will only be seen if technological systems are safe, fair, and honest. Regulators can help consumers—as well as those in industry—by establishing strong minimum standards.

AFR Comment Letter to FHFA on Request for Input Around Raising Guarantee Fees
September 9, 2014 – 11:25 am

AFR offered comments to the Federal Housing Finance Agency in response to their Request for Input related to g-fee policy and implementation. AFR encouraged FHFA to refrain from instituting any increases in g-fees or loan-level price adjustments (LLPAs) at this time.

AFR Joins Our Members in Urging OCC to Update Preemption Rules
September 2, 2014 – 9:45 am

AFR joins our members in urging OCC to update preemption rules

AFR joined consumer organizations in urging the OCC to update its preemption rules to comply with Dodd Frank reduction of sweeping federal preemption of state consumer protection actions.

AFR and Public Citizen Call on Federal Reserve to Close Loophole in its Proposed Ban on Big Bank Mergers
July 9, 2014 – 11:17 am

AFR and Public Citizen submitted a comment letter to the Federal Reserve Board, calling on them to close the loophole in its proposed ban on big bank mergers,

AFR, 60 Organizations Urge FHFA to Help Homeowners with Principal Reduction
June 25, 2014 – 4:25 pm

Sixty groups, along with Americans for Financial Reform, sent a letter to Federal Housing Finance Agency Director Mel Watt today regarding the use of principal reduction as a loss mitigation strategy.

AFR Urges Fed and OCC to use leftover funds to Help Homeowners
June 19, 2014 – 1:15 pm

AFR submitted a letter to the Fed and the OCC suggesting that leftover funds from the Independent Foreclosure Review (IFR) be spent to help current and Former homeowners who have been hurt in the foreclosure crisis.

AFR Comments on Regulators’ Capital Rules for Bank Borrowing
June 16, 2014 – 9:59 am

AFR offered comments to regulators on what kinds of risk exposures banks should be required to back with their own capital.