Letters to Regulators: Joint Letter on Use of AI
AFREF joined partners in sending a letter with detailed recommendations in response to the joint RFI on financial institutions’ use of AI and ML.
Category Archives: Letters to Regulators
Letters to Regulators: Letter to the Department of Education on Topics for Upcoming Negotiated Rulemaking
AFREF joined a letter urging the Department of Education to include several topics that would protect borrowers in the upcoming negotiated rulemaking.
Letters to Regulators: Letter Urging HUD to Provide 12 Months Forbearance to FHA-Insured Borrowers
AFREF joined a letter urging HUD to provide 12 months forbearance to FHA-insured borrowers who start their forbearance plans after July 1, 2021.
Letters to Regulators: Letter Urging Financial Regulators to Consider Fair Lending Risks in Use of Artificial Intelligence
AFREF and 22 organizations submitted comments in response to the regulators’ Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning, urging the financial regulators to consider fair lending risks of using artificial intelligence and machine learning and enact safeguards to prevent disproportionate adverse impacts from the use of AI/ML models.
Letters to Regulators: Letter Urging HUD to Extend the Foreclosure Moratorium and Deadline to Request Forbearance for FHA Borrowers
AFREF and 154 organizations sent a letter urging HUD to extend the foreclosure moratorium and deadline to request forbearance for FHA borrowers to give them the best opportunity to sustain homeownership beyond the pandemic.
Letter to Regulators: AFREF and Public Citizen Submit Joint Comments to the SEC on Climate and ESG Disclosure
Americans for Financial Reform Education Fund and Public Citizen submitted a joint comment letter to the SEC calling for mandatory climate and ESG disclosures for all issuers, in response to Commissioner Allison Herren Lee’s Request for Public Input. “A growing chorus of bipartisan U.S. financial regulators
Letter to Regulators: AFREF, Public Citizen, and 60 Partners and Securities Law Experts urge SEC to Require Climate and ESG Disclosures
Americans for Financial Reform Education Fund and Public Citizen were joined by 60 organizations and securities law experts in a comment letter to the SEC calling for mandatory climate and ESG disclosures for all issuers.
Letters to Regulators: Letter Asking for Restored Supervisory and Enforcement Tools in Mortgage Servicing Rules
AFREF, NCLC, NFHA and NHLP sent a letter to the CFPB, FRB, FDIC, OCC, NCUA and CSBS asking the agencies to update the April 3, 2020 Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the COVID-19 Emergency and the CARES Act to restore key supervisory and enforcement tools to incentivize servicers to properly handle applications for loss mitigation assistance and require servicers to send loss mitigation notices to borrowers, which are especially critical as forbearances come to an end in the coming months.
Letters to Regulators: Letter from 35 groups to the SEC on Repairing Corporate America’s Broken Reporting Infrastructure
AFREF, alongside 34 other organizations, joined a letter The Consumer Federation of America (CFA) submitted on June 7th to the Securities and Exchange Commission (SEC) raising concerns about the dire state of financial reporting in Corporate America.
Letter to the Regulators: letter from 26 organizations to the Department of Labor urging reconsideration of guidance allowing retirement plans to invest in Private Equity
26 organizations, led by the Consumer Federation of America urge reconsideration of the DOL policy allowing defined contribution plans to invest in private equity funds. Issues raised to the DOL over its original letter considering allowing such funds into private equity include: It fails to give