Home » Archive by Category

Letters to Regulators

IATP / AFR Comment on Position Limits
January 22, 2015 – 9:37 am

The Institute on Agriculture and Trade Policy and Americans for Financial Reform submitted a joint comment on position limits for commodities to the Commodity Futures Trading Commission.

AFR Comment Letter: On Forward Contracts With Embedded Volumetric Optionality
January 20, 2015 – 9:48 am

Download the letter here.

Joint Letter: FCC Should Maintain Consumer and Privacy Protections for Cell Phone Users
January 15, 2015 – 12:16 pm

Don’t open the floodgates to a wave of “wrong number” calls to cell phones, say AFR, NCLC and more than 75 national and state groups in a letter urging the FCC to stand by the safeguards of the Telephone Consumer Protection Act.

Joint Letter: CFPB Moves Forward on Nonbank Auto Lending
December 8, 2014 – 10:46 am

“Supervision of nonbank auto financial institutions will bring much-needed attention to otherwise
lightly-regulated companies, will ensure compliance with consumer financial laws, and will
ensure that auto financing by banks, already subject to CFPB supervision, is not at a competitive
disadvantage.”

AFR Letter: Mandatory Margin Requirements Needed for Uncleared Swaps
November 25, 2014 – 6:03 pm

“Mandatory margin requires participants in the swaps market to take full account of the risks of their derivatives transactions and provide some level of advance provisioning for such risks. The availability of properly segregated margin is clearly of enormous value in case of the default of a swaps counterparty.”

AFR Letter: CFTC and SEC Must Act Against Derivatives “De-Guaranteeing” Ploy
November 25, 2014 – 2:01 pm

“On behalf of Americans for Financial Reform (AFR), we write today to ask you to ensure appropriate regulatory oversight of derivatives transactions conducted through foreign subsidiaries of multinational Wall Street banks. In particular, we urge you to prevent the inappropriate classification of such derivatives as ‘non-guaranteed’ by the parent company, a classification which could exempt them from numerous critical derivatives regulations.”

AFR Joins More than 200 Other Groups in Urging FHFA Director Mel Watt to Reverse Fannie-Freddie Policy on Principal Reduction
November 6, 2014 – 10:00 am

Mel Watt is being urged again to end the policy of prohibiting mortgage modifications that reduce the balance of principal. In a joint letter delivered today, more than 200 housing, community, labor, civil rights and consumer groups call on Watt to reverse the Federal Housing Finance Agency’s longstanding ban on principal reduction – a policy put in place by his predecessor.

AFR and more than 450 Groups Urge CFPB to Stop the Payday loan Debt Trap
October 23, 2014 – 1:09 pm

AFR was joined by 464 civil rights, consumer, labor, faith and community organizations from all 50 states in a letter urging the CFPB to put in place strong rules that will end abusive practices in ‘quick fix’ consumer lending such as payday, auto-title and installment loans.