Dear President Biden,
We are deeply concerned by the lack of progress being made by the Federal Reserve Board of Governors (the Fed) on the assessment and mitigation of climate risk in the financial system. The Fed has failed to take proactive measures to address the risks that banks and the financial system face from climate change. This must change.
“There is no doubt [SEC Chair Gensler] wants to make it very clear that the sheriff is back in town,” says Andrew Park, senior policy analyst at Americans for Financial Reform, an investor advocacy group that earlier this year co-authored a letter to the House
AFREF joined a letter in support of HUD’s Proposed Rule to reinstate the discriminatory effects standard.
AFR joined a letter to Congress in support of the nomination of Dave Uejio as Assistant Secretary for Fair Housing and Equal Opportunity at the Department of Housing and Urban Development.
AFR sent a letter urging President Biden to appoint a new Director for the Office of Financial Research.
AFR joined a letter to the House of Representatives in support of the Consumer Protection and Recovery Act. The bill would restore the Federal Trade Commission’s authority to provide refunds and equitable relief to victims of consumer fraud and deception, and to stop ongoing misconduct in the marketplace.
AFREF alongside 14 other signers submitted a letter to the Securities and Exchange Commission (SEC) raising several abuses from the private equity industry and ways the Commission can directly address them
AFREF submitted a comment to the Federal Reserve on its “Proposed Guidelines for Evaluating Account and Service Requests” urging the Federal Reserve to limit access to its payments systems to well-regulated and well-supervised depository institutions to safeguard rules that protect consumers, ensure the stability of the payments system, and require community reinvestment.
AFREF joined partners in sending a letter with detailed recommendations in response to the joint RFI on financial institutions’ use of AI and ML.
AFREF sent a letter to the Department of Education calling for several topics to protect borrowers in the upcoming negotiated rulemaking, and also urging the Department to administratively cancel student debt.