AFR joins 338 groups representing all 50 states and the District of Columbia called for Congress to support a resolution to overturn rule that fosters loans with triple-digit interest rates that evade state and voter-approved interest rate caps
AFREF joined our partners in sending a follow-up letter calling on the CFPB to rescind its April 1, 2020 guidance allowing consumer reporting agencies and furnishers to exceed the dispute investigation deadlines under the Fair Credit Reporting Act. In the six months since we sent our last letter, the situation has only gotten worse, with nearly 26,000 more complaints submitted by consumers about delayed or nonexistent responses to credit/consumer reporting disputes. We urged the Bureau to revoke the guidance as soon as possible to prevent further consumer harm.
AFR released housing policy recommendations to promote equitable housing access for all people in the United States, minimize pervasive harm from the COVID-19 pandemic, hold predatory actors accountable, and expand sustainable opportunities in communities of color.
WASHINGTON, D.C. – March 24, 2021 – New concerns are being expressed today by a wide-ranging group of organizations and experts who are urging the U.S. Supreme Court to uphold the rights and protection of investors against corporate misconduct. In a sign-on statement from 38 groups and individuals the authors warn the pending case “has potentially far-reaching and devastating implications” for investors and market integrity
AFREF joined a sign on letter highlighting critical shareholder rights at stake in the Goldman Sachs Supreme Court Case.
AFR joined allies across the country to support the Congressional Review Act challenge to the OCC’s final rule, “National Banks and Federal Savings Associations as Lenders,” which would unleash predatory lending in all fifty states by preempting states’ interest rate caps.
Blackstone CEO Stephen A. Schwarzman’s ongoing refusal to firmly break with former President Donald Trump in spite of Trump’s role inciting the insurrection exposes investors to unacceptable levels of reputational risk. Schwarzman personally donated $3 million to a PAC supporting Trump’s 2020 campaign, money earned from fees and expenses paid for by your pension fund and the working people whose retirement savings you are responsible for investing.
Today, banking regulators announced that they would not be extending one of the largest elements of pandemic-related regulatory relief, the exemption that allowed banks to remove almost $2 trillion in government securities assets from their balance sheets for the purposes of complying with capital regulations. That was the right thing to do.
AFREF joined a letter opposing the Office of Management and Budget’s proposal to redefine metropolitan statistical areas. The OMB’s proposal would result in a substantial loss for undeserved and under-invested communities by reducing the number of low and moderate income census tracts eligible for Community Reinvestment Act credit and decreasing the number of banks providing Home Mortgage Disclosure Act data, which may pose increased challenges to fair lending enforcement.
We are deeply saddened by the deaths of the eight shooting victims in Georgia, six of them Asian women, and stand in solidarity with their loved ones and the Asian American and Pacific Islander (AAPI) community in mourning. The people murdered include Daoyou Feng, Delaina Ashley Yaun Gonzalez, Paul Andre Michels, and Xiaojie Tan, along with four victims who have not yet been identified.
These terrible murders come in the midst of heightened attacks on Asian Americans across the country, and starkly underline that anti-AAPI racism is pervasive and ongoing, and must be reckoned with in multiple ways. We decry the systemic racism and the misogyny that drove this racist violence, and all racist and misogynist violence, and pledge to be a part of seeking change.