Letters to Regulators: Letter to OCC Urging Greater Language Access for LEP consumers with Bank Digital Activities
Letter urging OCC to encourage banks to provide greater language access as banks use more technology in banking services.
Category Archives: Education Fund
Letters to Regulators: Joint Letter to FHFA, Fannie Mae & Freddie Mac on the need to notify tenants of applicable protections during COVID-19
AFR Ed Fund and 59 other organizations sent a letter to FHFA, Fannie Mae, and Freddie Mac asking them to provide ways for tenants to be able to determine whether their homes qualify for additional protections as a result of their landlord’s forbearance so that they can plan accordingly and protect themselves from eviction and other consequences.
NEWS RELEASE: Advocates for Workers and Investors Call on Labor Department to Withdraw Policy that Lets Private Equity Loot Retirement Plans
Nineteen organizations and individuals that advocate on behalf of consumers, workers, investors and retirees have called on the Department of Labor to withdraw its controversial policy statement opening the door to private equity investments in 401(k) plans.
Letters to Regulators: AFREF Comment Letter on CFPB Task Force RFI
AFREF comment letter opposing the formation and work of the CFPB Task Force on Federal Financial Law.
Joint Letter: Letter to CFPB Asking for Suspension of All Regulatory Activity Unrelated to COVID-19 and Greater Consumer Protections During the Pandemic
Letter from over 90 groups calling on the CFPB to stop all regulatory activity unrelated to COVID-19 and take greater steps to protect consumers during the pandemic.
Joint Letter: Letter to Housing Regulators on Tenant Protections in CARES Act
Joint letter asking FHFA, HUD, VA and USDA to provide tenants with a mechanism to identify whether their apartment, home, or manufactured housing is covered by the tenant protections in the CARES Act
Joint Letter: Letter to FHA Urging Greater COVID-19 Protections for Borrowers
Coalition letter to FHA on clarifying and improving protections for borrowers facing hardship related to covid-19.
Letter to Regulators: The Fed must reject any effort by banks to increase involvement in oil and gas
Americans for Financial Reform Education Fund sent a letter to the Federal Reserve Board, urging them to avoid any actions which would permit the financial holding companies or any of their subsidiaries to directly or indirectly operate oil or gas companies. The letter highlights the manifold physical, economic, reputational and financial system risks of bank commodity holdings, risks have become even more severe with the recent dislocation in global energy markets. As these markets will be disrupted for an extended period, the letter asks the Board to firmly reject any effort by banks to use the situation with respect to defaulting loans in the energy industry to increase bank involvement in the oil and gas industry.
FACT SHEETS AND REPORTS: Big Banks Should Not Be Permitted to Pay Dividends in the Current Crisis
At the peak of the coronavirus pandemic, big banks will be paying some $13 billion in shareholder dividends. If this level of dividends continues for the rest of 2020, big banks could be permitted to pay out over $50 billion in dividends for 2020.
Joint Letter: Letter to HUD asking for COVID-19 protections for reverse mortgage borrowers
Letter to HUD asking for needed protections for reverse mortgage borrowers facing challenges due to COVID-19