AFR sent a letter to members of Congress urging them to oppose the “Federal Reserve Accountability and Transparency Act.” This bill would empower Wall Street to prevent effective Federal Reserve oversight of the nation‟s largest banks.
AFR and Public Citizen submitted a comment letter to the Federal Reserve Board, calling on them to close the loophole in its proposed ban on big bank mergers,
Sixty groups, along with Americans for Financial Reform, sent a letter to Federal Housing Finance Agency Director Mel Watt today regarding the use of principal reduction as a loss mitigation strategy.
Download the letter here.
AFR submitted a letter to the Fed and the OCC suggesting that leftover funds from the Independent Foreclosure Review (IFR) be spent to help current and Former homeowners who have been hurt in the foreclosure crisis.
AFR sent a letter to members of Congress urging them to oppose any effort block funding for the Department of Justice’s Operation Choke Point or to weaken other regulator efforts to fight payment fraud. This proposal works to ensure that banks and payment processors comply with longstanding due diligence requirements so that they can avoid facilitating illegal activity by knowing their customers, monitoring return rates, and being alert for suspicious activity.