Statement: Mourning the Passing of Justice Ginsburg
AFR joins the world in mourning the death of Ruth Bader Ginsburg, a trailblazing jurist whose work contributed immensely to gender equality and to progress towards a more just society.
Category Archives: Statements and Press Releases
Statement: Statement on SEC Rule on Shareholder Proposals
With this new rule, the SEC is undermining the ability of investors to use the shareholder proposal process to call companies to task on their failures to behave responsibly. Now, it will be much more expensive for small investors to submit shareholder proposals. It will be harder for them to resubmit proposals — a frequent practice — because of higher resubmission thresholds. It’s a gift of new power to irresponsible management and a blow to the cause of corporate accountability.
NEWS RELEASE: Labor Dept.’s ESG Proposal Will Cause Confusion Among Fiduciaries, Losses for Retirement Savers
The Proposal will impose new costs on beneficiaries, undermine American’s retirement security, and impede investment decisions that would lead to a more sustainable economy and society.
NEWS RELEASE: Senate HEALS Act Misses the Mark for Families; Leaves Them At Risk of Losing Their Homes
It is absolutely critical for the well-being of families, communities and the economy that homes are protected. Congress needs to enact measures to protect homeowners and renters, including the following mortgage protections, which our organizations have been advocating:
NEWS RELEASE: Bad Underwriting Standards in Fed Lending Programs Could Support Insolvent Firms
“The failure to effectively control underwriting standards is one more example of ‘heads they win, tails we lose’ support for Wall Street.”
NEWS RELEASE: Consumer, Civil Rights, and Housing Groups Call on U.S. Senate to Save Family Homes and Stop Evictions in Next COVID-19 Bill
“We urge you to include these mortgage provisions in the next COVID-19 relief legislation. They will provide homeowners the temporary relief they need to get back on their feet and successfully rebuild their lives.”
NEWS RELEASE: Turning a Blind-Eye to Discrimination in Housing, HUD Further Harms AFFH Mandate
Yesterday, HUD finalized a new AFFH rule that is completely contrary to the intent of the AFFH mandate. Instead of furthering fair housing, the rule effectively eliminates a critical tool for addressing discrimination and segregation in our communities.
NEWS STATEMENT: OCC Plan Would Destroy State Protections on Predatory Lending
“The OCC proposal is nothing more than a plan for unleashing predatory lenders to peddle dangerous financial products nationwide by eviscerating the power of state usury laws.”
JOINT STATEMENT: How to get help with your mortgage during COVID-19
The following organizations have made this important information available in Spanish, Korean, Chinese, Vietnamese, Bangla and English: AFR Language Access Task Force, Americans for Financial Reform Education Fund, Center for Responsible Lending, Consumer Action, Empire Justice Center, National CAPACD, National Consumer Law Center, National Fair Housing Alliance, and UnidosUS.
NEWS RELEASE: Rollback of Payday Protections Enables Predator Profiteering Amid Health Crisis
The director of the Consumer Financial Protection Bureau, Kathleen Kraninger, today announced the agency will strip out the core of a rule written and finalized under previous leadership that would shield consumers from debt trap payday and car-title loans. The decision will leave millions of people vulnerable to grave financial abuses at a time of economic crisis, and will harm people of color who are suffering higher rates of illness and of unemployment, and whom this industry targeted even before the pandemic.