A South Carolina tire factory owned by a global corporation received a substantial loan from the Small Business Administration for pandemic relief while many genuinely small businesses — especially those owned by people of color and women — were unable to access the program.
AFREF joined a letter to FHFA on the importance of accurate and reliable appraisals and putting in place safeguards to protect against improper valuations and racial discrimination.
Joint Statement: Over 145 Orgs Call on Secretary Yellen to Name Experienced Climate Champion to Lead Treasury’s Climate Hub
On Feb 25, more than 145 organizations from across the United States sent a letter to Treasury Secretary Janet Yellen, encouraging her to follow through on her promise to create a robust, well-staffed climate hub at Treasury led by a very senior-level person devoted full-time to climate.
Joint Letter: Over 145 Orgs Call on Secretary Yellen to Name Experienced Climate Champion to Lead Treasury’s Climate Hub
On February 25, more than 145 organizations from across the United States sent a letter to Treasury Secretary Janet Yellen, encouraging her to follow through on her promise to create a robust, well-staffed climate hub at Treasury led by a very senior-level person devoted full-time to climate.
Letters to Congress: Joint Letter Urging Congress to Protect the Next Round of Economic Impact Payments from Assignment and Garinishment
AFR joined a letter to Congress urging them to protect the next round of economic impact payments from assignment and garnishment.
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.
AFR Education Fund joined a letter to CFPB acting director Dave Uejio that highlighted actions the Bureau can take to address systemic discrimination in the credit markets. The letter outlined issues the Bureau can address immediately and in the long term in line with its focus on racial equity.
News Release: President Biden is uniquely positioned to immediately bring real relief to student loan borrowers
Statement of Alexis Goldstein, AFR’s Senior Policy Analyst, in response to President Biden’s comments on student debt cancellation at the Milwaukee, Wisconsin Town Hall: President Biden’s Racial Economic Equity campaign plan called for an “immediate cancellation of a minimum of $10,000 in federal student loan
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.
AFR wrote a letter to Congress providing a number of policy recommendations that would help reign in SPAC mania and better protect investors.