Home » Archive by Tags

Articles tagged with: Treasury

Letter to the Senate: 88 Organizations Oppose Steven Mnuchin for Secretary of the Treasury
February 13, 2017 – 12:37 pm

We, the undersigned organizations, representing millions of Americans, are writing to urge you to oppose the nomination of Steven Mnuchin as Secretary of the Treasury.

Letter to Regulators: AFR, 9 Orgs Urge Treasury, IRS to Disclose Carried Interest Payments
April 20, 2016 – 4:28 pm

AFR sent a letter today to the Treasury Department and the Internal Revenue Service to require alternative asset managers to disclose the amount of carried interest they received in their annual tax filings.
The letter states …

AFR in the News: A Practical Populist Wins High Praise at Treasury (CQ)
March 4, 2015 – 10:01 am

“One area where [Treasury Deputy Secretary Sarah Bloom] Raskin has flexed her muscles is in a new drive to restrict executive compensation at the biggest banks… [T]he Dodd-Frank Act required federal regulators to prohibit pay packaged to bank executives that encouraged inappropriate risk-taking… The matter has been revived in recent months, in part because Raskin has made it a priority, pushing it with Lew and the President himself…”

“We’re very pleased that regulators seem to be returning to the drawing board and thinking about a rule that might actually have some impact,” says Lisa Donner, executive director of the liberal Americans for Financial Reform, adding that Raskin has been a “champion” on the issue.

AFR Urges Stronger Leverage Ratio
October 21, 2013 – 11:06 am

AFR wrote to the banking regulators to urge them to strengthen the new supplementary leverage ratio proposed for large U.S. banks.

Public Interest Groups Urge Extension of HAMP
March 27, 2013 – 2:31 pm

AFR joined more than 30 national, state, and local public interest groups in urging Treasury Secretary Lew to extend HAMP.

AFR Comment Letter: Determination of Systemically Important Non-Banks
December 19, 2011 – 1:38 pm

AFR submitted a regulatory comment letter to the Financial Stability Oversight Council (FSOC) supporting broad authorization for designation of nonbank financial companies that could pose a threat to the financial system.

AFR, NCLC, and Allies Comment Letter: Financial Inclusion Critical to Economy Recovery
November 16, 2011 – 5:37 pm

AFR along with NCLC and other allies submitted a comment to the Department of Treasury on finanical inclusion.

AFR Opposes Exempting Forex Swaps and Forwards from Clearing and Exchange Requirements
June 5, 2011 – 2:34 pm

AFR submitted a joint comment with Professor Michael Greenberger of the University of Maryland on Treasury proposal to exempt foreign exchange swaps and forwards from clearing and exchange trading requirements under Dodd-Frank. The letter pointed out that Treasury had not provided any evidence supporting its case that foreign exchange derivatives did not pose systemic risk, and in fact there is very strong evidence from the 2008 financial crisis and today that they do pose such risks.