Category Archives: Letters and Statements

A Wall Street street sign

Letters to Congress: Joint Letter Endorsing the Wall Street Tax Act

AFR joined a letter to the House of Representatives urging them to cosponsor the Wall Street Tax Act of 2021, H.R. 328. Also called the Financial Tax Transaction Act (FTT), the bill would create significant revenues and reduce risk and volatility, reorienting Wall Street’s focus away from speculation toward long-term investments that support Main Street businesses, employees, and working families.

a pile of credit cards

Letters to Regulators: Letter to NCUA Opposing Proposed Change to Overdraft Policy

AFR Ed Fund joined our colleagues to send a letter opposing the National Credit Union Administration’s proposal to permit federal credit unions to leave negative account balances open for longer than the current limit of 45 days without any limits on overdrafts, overdraft fees, or NSF fees that can be assessed during this period. This proposal fails to consider the substantial risks it poses on credit union members who are facing economic challenges during the pandemic by exposing them to additional fees that only compound their financial distress.