Letters to Regulators: Comment Letter to the CFPB on Employer-Driven Debt
AFREF sent a letter to the CFPB in response to their Request for Information regarding employer-driven debt.
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News Release: Fed Regulators Need to Roll Back Damage, Envision Better Rules
The Federal Reserve should move quickly to reverse Trump-era deregulatory measures, complete rules required under the 2010 Dodd-Frank law, and tackle challenges to improve fairness and equity in the financial system, according to Renita Marcellin, senior policy analyst at Americans for Financial Reform.
News Release: Official Legal Opinion Supports Majority Rule on the FDIC Board
The Department of Justice upheld the rule of law in its recently published opinion on the ability of the chair of the Federal Deposit Insurance Corporation to block votes sought by the majority of its board.
Letter to Regulators: Comment in Response to ED Notice of Proposed Rulemaking on Prison Education Programs, 90/10 and Change of Ownership
AFREF joined a comment letter in response to the Education Department’s Notice of Proposed Rulemaking on prison education programs, 90/10 and change of ownership.
Letter to Regulators: Letter to Treasury on How to Increase Transparency in the U.S. Treasury Market”
AFREF sent a letter to the Treasury Department on how to increase transparency in the U.S. Treasury market.
News Release: Consumer Advocate Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application
Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter, the National Community Reinvestment Coalition (NCRC), the National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Fund, and the Center for Responsible Lending wrote to the Federal Deposit Insurance Corporation (FDIC) on Wednesday.
Letters to Regulators: A Roadmap for the Federal Reserve
AFREF sent a roadmap for action to the Federal Reserve.
News Release: President Biden’s Student Debt Cancellation Announcement is a Big Win for Borrowers, but Does Not Go Far Enough
President Biden’s decision to cancel student debt and extend the payment pause is welcome news to many borrowers, but the low amount of cancellation and the means-testing requirements leaves many still suffering under the crushing weight of student debt.
Letters to Regulators: Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application
AFREF joined the National Community Reinvestment Coalition, the National Consumer Law Center (on behalf of its low-income clients) and the Center for Responsible Lending in sending a letter to the FDIC saying that Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter.
News Release: Federal Reserve and OCC Should Reject TD Bank’s Proposed Merger with First Horizon Bank, Groups Write in Comment Letter
Amid growing concern about corporate consolidation, the Center for Responsible Lending (CRL) and Americans for Financial Reform Education Fund are leading a letter calling for the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to reject a proposed merger between TD Bank and First Horizon Bank.