Category Archives: Letters to Regulators

Letters to the Regulators: Letter in Support of Developing a Financial Inclusion Strategy

Americans for Financial Reform Education Fund (AFREF) sent a letter to the Treasury Department outlining principles, scope, and direction for the department’s development of a financial inclusion strategy.  Developing a financial inclusion strategy is long-overdue and a necessary step to understand and begin to address the contributions of inequitable access to financial products and services for disadvantaged communities to the persistent racial economic inequality in the United States.

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Letters to the Regulators: Letter in Opposition to the CFTC’s Proposed Rulemaking and its Dangerous Precedent

Americans for Financial Reform Education Fund and Consumer Federation of America, Food & Water Watch, Institute for Agriculture and Trade Policy, and Public Citizen sent a letter sharing their grave concerns with the justification and potentially calamitous precedent contained in the Commodity Futures Trading Commission’s (CFTC’s) proposed rulemaking for the Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations. This proposal would expand the list of permitted investments for customer funds to include foreign debt which could put customers at undue financial risk — avoiding such risk was the rationale for prohibiting these transactions in 2011 after the MF Global meltdown.

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Letter to Regulators: Strong Basel Capital Standards Support Growth

The bank lobby is spending vast lobbying dollars to cloak themselves in the mantle of preserving access to credit. But the truth that the banks avoid debating is that the overwhelming impact of higher bank capital is – by design – to restrict how risky and how big the more speculative aspects of their business, notably their trading and investment bank operations can grow.

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Letters to the Regulators: Letter in Support of Proposals to Reduce Systemic Risk

View or download a PDF of the letters here: Fed, FDIC, OCC Long-Term Debt Requirements Fed, FDIC Guidance for Resolution Plan Submissions FDIC, Resolution Plans for Insured Depository Institutions AFREF submitted comments supporting proposals from the Federal Reserve, the Federal Deposit Insurance Corporation, and the

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Letters to the Regulators: Letter in Support of Revisions to OMB Guidance for Grants and Agreements

The Americans for Financial Reform Education Fund (AFREF), the Institute for Policy Studies, Jobs to Move America, Communications Workers of America, United for Respect, and Take on Wall Street wrote a comment letter to the Office of Management and Budget (OMB) to recommend it be made explicit – in guidance accompanying the final rule – that local and state officials may take responsible action to consider stock buyback expenditures, exorbitant CEO pay, and private equity-driven leveraged buyouts and drastic cost-cutting when awarding federal funds.

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OMB Should Approve Climate Data Call to Equip FIO and Other Financial Regulators with Information on How Climate Change is Affecting Homeowners Insurance Coverage

Americans for Financial Reform Education Fund submitted a comment letter to the Office of Management and Budget (OMB) for its approval, without delay, of the Department of the Treasury’s Federal Insurance Office (FIO) final proposed “Climate-Related Financial Risk Data Collection for U.S. Homeowners Multi-Peril Underwriting

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