AFR Statement: Senate Banking Hearing on Bank Supervision
AFR submitted the below statement to the Senate hearing on Guidance and Supervisory Expectations AFR Submission to Senate Banking Committee April 30th Hearing
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News Release: Wall Street Money In 2017-18 Highest Ever For Non-Presidential Cycle
Wall Street poured at least $1.9 billion into the political process, the largest-ever amount for a non-presidential year, according to a new report by Americans for Financial Reform. This sum outstrips the total of $1.4 billion, in the 2013-14 election cycle, by 36 percent.
Joint Letter: Letter to HUD about OIG Report on DASP Loans
On April 29, 2019, AFR Education Fund and several coalition partners sent a letter to the U.S. Department of Housing and Urban Development (HUD) about our concerns with the Office of Inspector General’s April 9, 2019 report regarding the servicing of mortgage loans eventually sold through
Take Action: Bank CEOs need to Raise the Wage
The nation’s megabanks are enjoying record profits. But they still aren’t sharing that wealth with their frontline workers. We know they can afford it: they got a $28 billion tax break from the Trump tax law, and they’re paying it to themselves and wealthy shareholders.
Letter To Regulators: SEC Package on Investor Protection Does Not Live Up to Name
Unfortunately, while we believe it would be possible to adopt standards that meet investors’ reasonable expectations under the Commission’s chosen regulatory approach, the regulatory package as currently drafted does not achieve that goal.
Joint Letter: Letter to FHFA on Language Access
On April 18, 2019, AFR’s Language Access Task Force and several organizations sent a letter to the Federal Housing Finance Agency in support of its efforts to improve language access for Limited English Proficient borrowers. View or download a pdf copy of the letter.
Fact Sheet: Continuing Threat of Private Equity Investment in Single Family Rentals
Wall Street private equity funds are continuing to snap up homes to pad their expanding portfolio of rental properties. Institutional investors own nearly a quarter million single-family rental homes. Wall Street landlords often hike rents, avoid repairs, gouge tenants with fees, and are more likely to evict tenants.
News Release: House Women Take On Wall Street CEOs Over Inequality And Discrimination
Big banks have lobbied for and won massive tax breaks and increased deregulation at a time when they are already making record profits. Ordinary Americans are getting a less safe financial system, and one that is an ever-more-powerful driver of inequality and economic vulnerability. Wall Street CEOs need to be held accountable for abuses by the institutions they run, and the dangerous policies they are pushing, both openly and quietly
News Release: Wall Street CEOs Can’t Explain Away Deregulation, Tax Cut, Anti-Oversight Lobbying
Over the past two years, we’ve seen a lot of handouts to Wall Street but very little change for the better. Big banks got a massive tax cut and deregulation legislation right at the time they were making record profits. Ordinary Americans got a financial system that is less safe than it used to be, one that is an ever-more-powerful driver of inequality and economic vulnerability.
Letters to Regulators: Letter the CFPB Requesting it Open Consumer Complaints to PACE Loans
ARFEF joined a letter to the CFPB requesting it open its consumer complaint procedure to accept complaints about Property Assessed Clean Energy (PACE) loans.