Letters to Regulators: Comments to the CFPB on Enhancing Public Data on Auto Lending
AFREF joined partners in submitting comments to the CFPB in response to their initiative to enhance public data on auto lending.
Government Category: Advocacy Documents
Letters to Congress: Letter on FTX Hearing and Digital Asset Policy
AFR and Demand Progress led a group of consumer advocates and public interest organizations to send this letter to Congress, asking Members to take a more deliberative and systemic approach to advancing policies to regulate digital assets. The letter urged Congress to resist pursuing legislative proposals compromised by crypto industry influence or that do not adequately address the systemic problems found within the digital asset industry. Instead, the signers called on Congress to empower financial regulators to use their existing authorities and prioritize consumer and investor protection over the digital asset industry’s largely unproven promises.
Letters to Congress: Support for the Close the Shadow Banking Loophole Act
AFR joined a joint coalition made up of consumer advocates and bank trade groups on this letter to Congress to express our support of the Close the Shadow Banking Loophole Act recently introduced by Senators Brown, Casey, and Van Hollen. This bill will close the Industrial Loan Company charter loophole that allows Big Tech and other large commercial firms from owning a bank without adequate oversight.
Letters to Regulators: EPA Must Maximize Benefits For Low-Income and Disadvantaged Communities With Greenhouse Gas Reduction Fund
Americans for Financial Reform Education Fund (AFREF) submitted two comments to the Environmental Protection Agency (EPA) in response to their request for information on the administration and implementation of the $27 billion Greenhouse Gas Reduction Fund (GHGRF), a provision of the Inflation Reduction Act (IRA) which became law in August 2022. AFREF submitted a coalition
Letters to Regulators: Comment in Response to HUD RFI on Small Mortgage Lending
AFREF joined the National Fair Housing Alliance and local, state, and national organizations to submit comments in response to HUD’s “Request for Information Regarding Small Mortgage Lending.” Our comments focus on the importance of residential small-dollar lending (SDL), which is essential to building wealth and family opportunity for communities of color and low- and moderate-income families throughout the nation. For too long, homes in lower-priced markets have been starved of quality, sustainable, mortgage credit, both subject to and contributing to a history of residential segregation, neighborhood disinvestment, and lost wealth-building opportunity. This comment letter makes a number of suggestions to the FHA regarding how it can better promote small mortgage loans.
Letters to Regulators: The Inflation Reduction Act Bolsters the Case for SEC’s Climate Disclosure Rule
AFREF submitted a supplemental comment to Securities and Exchange Commission (SEC) highlighting market reactions to the passage of the Inflation Reduction Act (IRA). December 1, 2022 Dear Ms. Countryman: This letter is a supplement to prior comments submitted by Americans for Financial Reform Education Fund (AFREF). By passing the Inflation Reduction Act (IRA) in September