Letters to Regulators: AFR Education Fund letter to the Financial Stability Board regarding financial resources to support clearinghouse resolution.
Government Category: Advocacy Documents
Letters to Regulators: AFR Education Fund letter to the Financial Stability Board on financial resources to support clearinghouse resolution.
Joint Letter: Consumer Groups Urge FDIC To Promote Financial Inclusion For Distressed Consumers
Several safeguards are critical to ensure that bank loan programs—particularly those designed for financially distressed consumers—promote financial inclusion rather than exacerbate financial exclusion and distress.
Joint Letter: Consumer Groups Urge FDIC To Cap Small-Dollar Loan Interest Rates And Consider Consumer Ability To Repay
Credit cannot make up for a fundamental lack of income or consistent incapacity to meet expenses, particularly for the borrowers with damaged credit for whom high-cost bank products tend to be designed. Irresponsible loan products merely put these consumers in a cycle of debt, exacerbating, not helping their situation.
Letters to Regulators: AFR Education Fund letter to banking regulators regarding changes to prudential standards and applicability thresholds for large banks.
January 22, 2019 Americans for Financial Reform Education Fund submitted a letter to banking regulators regarding the relaxation of enhanced prudential standards for large banking institutions. Read or download a PDF version of the letter by following this link.
Joint Letter: Letter to FHA urging stay on foreclosures during government shutdown
Letter to FHA urging stay on foreclosures during government shutdown