Category Archives: Letters to Regulators

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.

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

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.

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

Letters to the Regulators: Letter in Support of the Financial Accounting Standards Board’s Expense Disaggregation Proposal

Americans for Financial Reform Education Fund submitted a comment letter to the Financial Accounting Standards Board (FASB) in support of its proposal to require public companies to disaggregate certain costs from expense captions, with a focus on the disaggregation of employee compensation costs. AFREF made a series of recommendations to improve these disclosures, including recommendations to include workers beyond employees in the disclosures.