AFREF and Demand Progress submitted a letter in response to the Federal Reserve’s Request for Information on a Central Bank Digital Currency (CBDC). In the submission, we urge the Fed to consider privacy and fraud protection, and also point to other alternatives to CBDC the Fed could pursue to promote broader financial inclusion.
AFR led a letter from a broad coalition of 33 groups representing civil rights, financial reform, and consumer advocate groups in support of H.R. 5912 the “Close the ILC Loophole Act.”
AFREF and 17 partners submitted comments to the Department of Labor on its request for information on climate risk to retirement plans and pensions, urging further integration of systemic risks like climate change, environmental, racial, and economic inequality into the administration of private retirement plans and pensions and the Federal Thrift Savings Plan.
AFR joined a letter to Congress in support of S. 4145, the Consumer Protection Remedies Act of 2022. This bill would restore the Federal Trade Commission’s (FTC) authority to stop misconduct in the marketplace, and critically, to provide timely refunds and equitable relief to victims of consumer fraud and deception.
AFREF joined Consumer Federation of America and Better Markets in a comment letter in response to FINRA’s request for comment on complex products calling for protections that extend beyond greater disclosures for retail investors who are vulnerable to losing significant amount of money unexpectedly on a number of complex and risky products.
AFREF joined a letter in response to the CFPB’s Notice of Proposed Rulemaking regarding the Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking.