AFREF joined Public Citizen and Sierra Club in a letter to the Basel Committee on Banking Supervision responding to its Discussion Paper, The role of climate scenario analysis in strengthening the management and supervision of climate related financial risks. An excerpt from the letter reads: “While forward-looking approaches to climate risk are essential, scenario analysis
AFR and coalition members signed onto a letter urging the Senate to support the nomination of Kristin N. Johnson to Serve as Assistant Secretary for Financial Institutions at the Department of the Treasury. Johnson is a highly accomplished scholar of financial regulation, and has ably worked with stakeholders as a Commissioner of the Commodity Futures Trading Commission promote market stability and integrity, and protect market participants and investors from misleading, deceptive, or fraudulent practices.
AFR and coalition members signed onto a letter urging the Senate to support the nomination of Christy Goldsmith Romero to be Chair and Member of the Federal Deposit Insurance Corporation. Goldsmith Romero led the office of the Special Inspector General for the Troubled Asset Relief Program and has decades of experience regulating financial institutions and markets, broad and deep knowledge of the financial system, and a record of commitment to the public interest.
AFR and coalition members signed onto a letter urging the Senate to support the nomination of Caroline A. Crenshaw to Serve as a Commissioner of the U.S. Securities and Exchange Commission for another term. Commissioner Crenshaw was unanimously confirmed in 2020 and her distinguished service at the SEC fully justified this Senate support. Crenshaw has worked tirelessly and skillfully with all stakeholders to advance the mission of the SEC.
AFREF joined Public Citizen, The Sunrise Project, and other organizations in a letter to the U.S. banking regulators urging them to quickly make progress beyond their initial climate-related supervisory efforts with large banks by taking decisive action and enacting enhanced supervision and regulation, and to cease efforts to stall progress at the Basel Committee on
Americans for Financial Reform appreciates the opportunity to provide a Statement for the Record for the House Financial Services Committee Hearing on “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” In the thirteen years since its creation, the Consumer Financial Protection Bureau has and continues to vigorously protect consumers, increase marketplace transparency, and end unfair business practices through impactful rulemakings and enforcement actions.