ACRE, AFSCME, the AFL-CIO, AFR Education Fund, the Consumer Federation of America, and Public Citizen sent a letter to the Municipal Securities Rulemaking Board concerning the need for broader public representation in governance of the Board and oversight of municipal lending markets. The letter is
Together, these facilities could deploy up to $2.3 trillion in new credit to the economy during the pandemic crisis period. Without major changes these facilities will not be effective in getting assistance to those most impacted by the crisis, and disclosure and transparency regarding specific borrowers and loan terms is lacking. Our comment provides specific recommendations to address these issues.
The proposed CRA rules would substantially undermine the very purpose of the statute by weakening the requirements that banks meet the credit needs of the communities where they operate, including low- and moderate-income (LMI) areas.
Letter to HUD asking for needed protections for reverse mortgage borrowers facing challenges due to COVID-19
AFR Education Fund and 46 other organizations sent a letter to regulatory agencies urging them to suspend all non-COVID-19 rulemaking activity. Public advocates and regulatory agencies should focus all resources on responding to the public health emergency and the economic crisis.
AFR Education Fund and 46 other organizations sent a letter to regulatory agencies requesting extensions of all public comment periods during the COVID-19 emergency.
Coalition letter responding to OMB RFI on the important role of current regulatory enforcement processes
AFREF and partners sent a letter to FHFA on how FHFA should approach PACE loans.
Coalition letter to HUD opposing changes to AFFH rule.
AFREF joined a letter to FHFA expressing that rather than imposing punitive measures on consumers, FHFA and Enterprises should use their authority and influence over the housing finance market to incentivize PACE lenders and state actors to enhance consumer protections and adopt policies that limit risk to the Enterprises.