AFR sent a letter to members of Congress urging them to oppose HR 2672. If adopted, this amendment would effectively create a petition process that would allow individuals who reside or do business in a state to apply for the designation of an area as rural (an area that has not already been designated as such). Areas designated as rural would be able to circumvent certain mortgage provisions put in place by the Consumer Financial Protection Bureau (CFPB).
AFR submitted a comment to The Fed voicing concerns over the very weak proposal on emergency lending. In the letter we recommend that the Federal Reserve place specific advance limits on the length of time that an institution can rely on emergency lending, as well as better controls to limit lending to truly solvent institutions.
AFR submitted a comment letter to the CFTC, urging that they maintain oversight of derivatives transactions in the United States.
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 submitted a comment letter to the financial stability board on plans for the aggregation of global derivatives data.
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.
