AFR Comment Letter: Derivatives Exemption Too Broad
AFR submitted a comment letter opposing the CFTC’s overly broad exemption for derivatives traded between bank affiliates.
Category Archives: Letters to Regulators
AFR Comment Letter to CFPB on High Cost Mortgage Loans
AFR submitted a comment letter to the CFPB on their proposed rules implementing Dodd-Frank changes regarding high cost mortgage loans. The letter argues against changing triggers for high cost loans for smaller loans which the statute allows but does not require, and argues that the proposal should be strengthened in various ways, including by making sure that borrowers in revolving lines of credit get the same protections as those in closed end mortgages.
AFR Comment Letter: Do Not Interfere With State and Local Use of Eminent Domain to Aid Homeowners
AFR wrote to the Federal Housing Finance Administration asking them not to interfere in state and local use of eminent domain to aid homeowners in restructuring underwater mortgages
AFR Comment Letter: Designation of Swaps that Must be Cleared
AFR submitted a comment letter to the CFTC on the clearing mandate. This is the CFTC’s initial proposal for what derivatives will have to be cleared, and the CFTC has the ability to designate more swaps for clearing, which AFR recommends in the letter.
AFR Comment Letter: CFTC Derivatives Rules Must Apply to Foreign Affiliates
AFR submitted a comment letter to the CFTC regarding a rule that will determine whether the CFTC can regulate derivatives trading by foreign affiliates of US banks and corporations. Since derivatives trades move easily around the world and between affiliates and the parent company, it is important that US regulators be able to apply Dodd-Frank to such foreign trades. Our letter urged the CFTC not to let financial institutions escape derivatives rules by funneling transactions through their foreign affiliates.
Sign on Letter: JOBS Act Rulemaking Raises Complex Concerns
The JOBS Act rulemaking on the SEC’s schedule Aug. 22 raises a variety of complex issues that demand a full and transparent rulemaking process. The rushed approach to rulemaking reportedly contemplated by the agency would not allow for full consideration of these issues, and would therefore put investors at risk.
AFR Comment Letter: Oppose Delay of International Derivatives Rules
AFR submitted a comment letter to the CFTC opposing the delay of key international derivatives rules. At a minimum, safe guards should be maintained if the delay is granted.
AFR Comment Letter: Ensure Prepaid Cards are Safe and Fair to Consumers
AFR submitted a comment letter cosigned by more than two dozen other organizations urging them to ensure that prepaid cards will be safe, fair, and appropriate for the consumers that use them.
SAFER Supports Elizabeth Warren
SAFER: A Committee of Economists and Other Experts for Stable, Accountable, Fair and Efficient Financial Reform July 26, 2010 Dear Mr. President: We are writing concerning the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 which you recently signed into law. One of