Letter to Congress: Renewed Call for Credit and Debt Protections in COVID-19 Relief
Letter calling on Congress to include consumer protections in COVID-19 relief
Category Archives: Letters to Congress
Letter to Congress: Joint Letter Asking Congress to Protect COVID-19 Stimulus Checks from Garnishment
AFR joined this letter to Congress urging Congress to take the steps needed as soon as possible to clarify that COVID-19 stimulus payments to help households during this public health emergency are exempt from garnishments. View or download pdf here.
Joint Letter: AFR and SBPC Send Letter to Navient Demanding Investment in Student Borrowers, not Shareholders
AFR and SBPC Send Letter to Navient Demanding Investment in Student Borrowers, not Shareholders Americans for Financial Reform (AFR) and The Student Borrower Protection Center (SBPC) sent a letter to the Board of Directors of Navient Corporation urging the company’s board to halt dividends and
Joint Letter: Promote Tradition of Separating Banking and Commerce Regarding Dominant Platforms
AFR Education Fund and Demand Progress Education Fund sent a letter to the House Judiciary Committee regarding competition in the digital marketplace. Congress and regulators should promote the tradition of separating banking and commerce, by extending that set of principles to dominant platforms, especially online marketplaces and social networks.
Sign-on letter: 69 orgs call for canceling student debt to tackle economic fallout
Today, 69 community, civil rights, consumer, and student advocacy organizations sent a letter to House and Senate leadership, urging them to include student debt cancellation in the next coronavirus package. The letter also calls on leadership to extend the suspension of payments on federal student loans through March 2021, as current estimates indicate that the economy will not recover to pre-virus levels until the third quarter of 2021.
Joint Letter: Coalition Letter Urging Congress to Select Highly-Qualified, Experienced Members for Congressional Oversight Commission
AFR joined 39 other organizations urging Congress to staff the five-member panel tasked with monitoring the corporate bailout with members who have experience with oversight and/or investigations and have proven commitment to principles of transparency and accountability.
Joint Letter: No Bailout for Private Equity
Congress needs to resist calls from private equity executives to gain access to pandemic-related bailout programs. Private equity-owned firms are not comparable to ordinary small businesses, who cannot draw on deep-pocketed Wall Street owners who could support them if they chose to do so. Private equity (PE) funds are pooled investment funds managed by Wall Street firms that purchase operating companies. Prominent examples of private equity-owned portfolio companies include Toys ‘R Us, Shopko, and TeamHealth.
The track record of private equity funds demonstrates that these firms will wherever possible seek to divert income streams, including government support, to wealthy private equity executives rather than supporting employment and customer service at portfolio firms.
Joint Letter: 63 Organizations Call for Credit and Debt Protections to Address Financial Distress From COVID-19
Americans for Financial Reform and 62 other organizations sent a letter to members of Congress asking them to implement broad-based, efficient, and effective relief for millions of people and small businesses in the U.S.
Joint Letter: Letter in Support of the Housing Fairness Act of 2020
Joint letter in support of the Housing Fairness Act of 2020
Letter to Congress: Letter in Support of the Comprehensive CREDIT Act of 2020
AFR and 84 organizations sent a letter in support of the Comprehensive CREDIT Act of 2020, which would make the credit reporting system more accurate and fairer to consumers.