AFR Urges CFTC to Maintain Oversight of Derivatives Transactions in U.S.
AFR submitted a comment letter to the CFTC, urging that they maintain oversight of derivatives transactions in the United States.
Government Category: Advocacy Documents
AFR Urges SEC to Include Investor Protections in JOBS Act Rulemaking
AFR submitted a letter to the SEC expressing deep concern that the rules proposed by the Commission regarding the JOBS Act fail to deliver important investor protections.
AFR Calls on International Regulators to Improve Derivatives Market Transparency
AFR submitted a comment letter to the financial stability board on plans for the aggregation of global derivatives data.
AFR and 115 Organizations Defend CFPB, Strongly Oppose HR 3193
115 organizations joined AFR in sending a letter to members of Congress urging them to reject HR 3193. This legislation would weaken the Consumer Bureau, prevent it from doing its job and instead serve the interests of the worst elements of the financial industry.
AFR and More Than 215 Organizations Sign Letter Supporting Mortgage Forgiveness Tax Relief Act
More than 215 organizations joined AFR in signing a letter in support of the Mortgage Forgiveness Tax Relief Act. This crucial piece of legislation would protect homeowners who receive principal reduction modifications from devastating tax consequences is set to expire on December 31, 2013, just as the government’s recent settlement with JP Morgan Chase promises additional principal write downs. Congress must act swiftly to extend this legislation.
AFR Comments on OMWI Proposed Standards
These comments responded to the request for comments on the proposed interagency policy statement that established joint standards for assessing the diversity policies and practices of entities regulated by the agencies. AFR found that while the creation of the OMWIs in the Dodd-Frank Act was incredibly important, the joint standards released by six of the federal agencies fell unfortunately short on specifics. In particular, the standards do not provide detail or uniformity, and are additionally lacking in accountability measures to ensure that the goals of increasing worker and supplier diversity are met.