Letters to Regulators: Comments to the CFPB on Enhancing Public Data on Auto Lending
AFREF joined partners in submitting comments to the CFPB in response to their initiative to enhance public data on auto lending.
Category Archives: Letters to Regulators
Letters to Regulators: EPA Must Maximize Benefits For Low-Income and Disadvantaged Communities With Greenhouse Gas Reduction Fund
Americans for Financial Reform Education Fund (AFREF) submitted two comments to the Environmental Protection Agency (EPA) in response to their request for information on the administration and implementation of the $27 billion Greenhouse Gas Reduction Fund (GHGRF), a provision of the Inflation Reduction Act (IRA)
Letters to Regulators: Comment in Response to HUD RFI on Small Mortgage Lending
AFREF joined the National Fair Housing Alliance and local, state, and national organizations to submit comments in response to HUD’s “Request for Information Regarding Small Mortgage Lending.” Our comments focus on the importance of residential small-dollar lending (SDL), which is essential to building wealth and family opportunity for communities of color and low- and moderate-income families throughout the nation. For too long, homes in lower-priced markets have been starved of quality, sustainable, mortgage credit, both subject to and contributing to a history of residential segregation, neighborhood disinvestment, and lost wealth-building opportunity. This comment letter makes a number of suggestions to the FHA regarding how it can better promote small mortgage loans.
Letters to Regulators: The Inflation Reduction Act Bolsters the Case for SEC’s Climate Disclosure Rule
AFREF submitted a supplemental comment to Securities and Exchange Commission (SEC) highlighting market reactions to the passage of the Inflation Reduction Act (IRA). December 1, 2022 Dear Ms. Countryman: This letter is a supplement to prior comments submitted by Americans for Financial Reform Education Fund
Letters to Regulators: Letter to FHA on Language Access
AFREF joined a letter calling on FHA to strengthen language access for borrowers with limited English proficiency.
Letters to Regulators: Letter in Response to the Department of Commerce’s RFI on the Implementation of the CHIPS Incentives Program
AFREF led thirteen partners in submitting a comment letter in response to a Department of Commerce request for information on the implementation of the CHIPS incentives program. The letter describes how stock buybacks and outsized executive compensation packages undermine innovation and inclusive economic growth, and details the semiconductor industry’s track record of massive spending on stock buybacks and CEO compensation. It then recommends bright-line rules to restrict stock buybacks and executive compensation, as well as pro-worker policies that would promote innovation and inclusive economic growth.
Letters to Regulators: CFTC Must Address Climate Risk, Carbon Offsets
Americans for Financial Reform Education Fund (AFREF) submitted two comments to the Commodity Futures Trading Commission (CFTC) in response to their request for information on climate-related financial risk as pertinent to the derivatives markets and underlying commodities markets. A coalition letter submitted jointly by AFREF, Amazon Watch,
Letters to Regulators: Comment Letter on the Federal Home Loan Bank System
AFREF sent comments calling on the Federal Home Loan Banks to substantially increase funding for the Affordable Housing Program, and enact executive compensation reform if the banking system is going to continue to benefit from significant public subsidies.
Letters to Regulators: Comment Letter on Fintech and Housing Finance
AFREF joined experts in the field in submitting comments calling on the FHFA Office of Financial Technology to ensure that new applications of fintech to housing finance do not violate consumer protections or fair housing violations. Specific recommendations are made to avoid algorithmic bias and e-signature fraud, along with a general principle of caution when approving new fintech practices.
Letters to Regulators: Letter Calling on HUD to Increase Affordability of FHA Insurance Mortgages
AFREF joined a letter calling on HUD to increase the affordability of FHA insurance mortgages by lowering the FHA Mortgage Insurance Premium by 25 to 35 basis points and ending the life of loan requirement on the FHA Mortgage Insurance Premiums.