AFR joined a letter to the House Financial Services Committee urging for a vote in support of the Comprehensive Debt Collection Improvement Act at the upcoming markup on April 20th.
Letters to Congress: AFR Joins Over 300 Organizations From All 50 States to Support CRA Challenge to OCC “Fake Lender” Predatory Lending Rule
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.
Letters to Congress: Letter Asking for Commitment to Nominating Professionally Diverse Candidates to Federal District Courts
AFR joined a letter to the Senate asking for commitment to supporting President Biden’s goal of nominating professionally diverse candidates for federal district courts by fulfilling his request to recommend public defenders, civil rights lawyers, and public interest lawyers when judicial vacancies occur in their states. The letter explains that if the American public is to maintain faith in our judicial system, it is critical that we restore balance to a bench where former corporate lawyers and prosecutors are so heavily overrepresented.
AFR organized a letter of support for two bills expanding and improving language access for mortgage transactions that will make important strides in improving access to the mortgage market and awareness of the availability of assistance for homeowners who are struggling to keep up with their mortgage payments. LEP borrowers face many challenges that impede their full participation in the consumer marketplace, including, specifically, their ability to obtain and preserve ownership of a home. Tracking and transferring the language preference of LEP borrowers and enhancing the availability and use of services and resources in their preferred languages will significantly improve market access for LEP borrowers at all stages of a mortgage loan.
Letters to Congress: Joint Letter to House Financial Services on Climate Change, Sustainable Investing and Investor Protections
Sustainable investing is on the rise, and many investors are asking corporations to disclose more information about their climate risks and other environmental, social and governance (ESG) metrics. The House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets recently held a hearing on
137 organizations joined AFR in a sign on letter to Congress supporting the nomination of Rohit Chopra as the next CFPB Director.
40 organizations joined AFR in a sign on letter to Congress strongly supporting the nomination of Gary Gensler as the next SEC chair.
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 has outlined issues around Payment for Order Flow, potential market manipulation by institutional investors, explosive growth in options trading volumes, the increasing gamification of stock trading by retail brokers, and a re-examination of broker capital rules.