March 27, 2013 Joseph A. Smith Office of Mortgage Settlement Oversight 301 Fayetteville St., Suite 1801 Raleigh, NC 27601 Members of the Monitoring Committee Via electronic mail Dear Mr. Smith and Members of the Monitoring Committee: We write to follow up on your interim report regarding Ally Financial’s compliance with the national mortgage settlement, and
AFR signed onto a letter to members of Congress opposing HR 797. This legislation would weaken accountability for financial advice to municipalities, harms communities, and is unnecessary given the exemptions that already exist in the law and the authority of the SEC to address any outstanding issues.
AFR sent materials to the hill regarding various Senate resolutions and their impact on financial regulation.
AFR sent a letter to members of Congress urging them to oppose HR 1256. This legislation would seriously undermine the CFTC’s efforts to properly regulate extraterritorial derivatives transactions that affect our economy and carry risk for U.S. taxpayers.
AFR sent a letter to members of Congress urging them to oppose HR 677. This legislation would almost completely exempt inter-affiliate swaps from the basic systemic protections created in the Dodd-Frank Act.
AFR sent a letter to members of Congress urging them to oppose HR 1003. This legislation would have a major negative impact on the CFTC’s capacity to implement laws passed by Congress to safeguard our financial system.