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Letters to Regulators

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.

AFR Calls on Regulators to Improve Swaps Market Transparency
May 28, 2014 – 12:15 pm

AFR submitted a comment letter to the CFTC regarding the importance of collecting data essential to analyzing potential systemic risk.

AFR Calls for Strong Action Against For-Profit Colleges that Exploit Students and Federal Aid
May 28, 2014 – 9:39 am

“We strongly support the Department of Education’s efforts to keep federal funds from being used to support career education companies that routinely fail to deliver on their promises, leaving students with unmanageable debt. We urge you to stand by the thrust of the regulations the Department proposed in March, and to bolster those regulations in several key ways.”

AFR Calls For More Transparency in Asset Backed Securities
April 21, 2014 – 10:32 am

AFR called on the Securities and Exchange Commission to require the release of loan-level data for asset backed securities, which include the ‘toxic assets’ central to the financial crisis. The AFR comment includes a discussion of privacy controls.

AFR Urges Federal Reserve to Act Against Bank Ownership of Commodities
April 16, 2014 – 10:44 am

“Americans for Financial Reform supports the separation of banking and commerce as a foundational principle, motivated both by considerations of preserving fairness in competition with non-bank firms who do not have access to the prudential safety net, and by considerations of financial safety and soundness.”