AFR joined allies across the country to support the Congressional Review Act challenge to the OCC’s final rule, “National Banks and Federal Savings Associations as Lenders,” which would unleash predatory lending in all fifty states by preempting states’ interest rate caps.
AFREF joined a letter opposing the Office of Management and Budget’s proposal to redefine metropolitan statistical areas. The OMB’s proposal would result in a substantial loss for undeserved and under-invested communities by reducing the number of low and moderate income census tracts eligible for Community Reinvestment Act credit and decreasing the number of banks providing Home Mortgage Disclosure Act data, which may pose increased challenges to fair lending enforcement.
AFREF joined our partners to send a letter urging HUD to take further steps to protect FHA borrowers facing COVID-related hardships form foreclosure, including requiring servicers to communicate the availability of several loss mitigation options, providing guidelines for contacting borrowers before the end of a forbearance, and collect performance data on COVID-19 loss mitigation options and make this information available to the public.
Senior Policy Analyst Alexis Goldstein testified at HFSC’s hearing “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II”
AFR joined a letter to Congress in support of the Real Estate Valuation Fairness and Improvement Act of 2021.
AFR joined a letter to the Senate asking for commitment to supporting President Biden’s goal of nominating professionally diverse candidates for federal district courts by fulfilling his request to recommend public defenders, civil rights lawyers, and public interest lawyers when judicial vacancies occur in their states. The letter explains that if the American public is to maintain faith in our judicial system, it is critical that we restore balance to a bench where former corporate lawyers and prosecutors are so heavily overrepresented.