AFREF submitted a letter to the Treasury today raising concerns that the President’s Working Group is considering recommending Congress create special bank charters to regulate stablecoins. We instead believe the President’s Working Group should clarify the existing authorities that each of the regulatory agencies have and call on those agencies to exercise their authorities now.
AFREF submitted a letter to the Treasury today raising concerns that the President’s Working Group is considering recommending Congress create special bank charters to regulate stablecoins. We instead believe the President’s Working Group should clarify the existing authorities that each of the regulatory agencies have and call on those agencies to exercise their authorities now. We find this especially pertinent given the recent enforcement action brought Friday by the CFTC against Tether.
AFR joined a letter to CFPB Director Chopra requesting that the Bureau address the significant problem of hidden remittance fees allowed under the current CFPB regulations.
AFREF joined a letter to CFPB Director Rohit Chopra urging for pre-foreclosure protections in 2022 due to the on-going Covid-19 pandemic.
AFREF joined a letter to CFPB Director Rohit Chopra expressing concerns about the treatment of earned wage access products.
AFR joined a letter to Congress urging for the highest possible amount of homeownership funding in the Build Back Better Budget Reconciliation Bill.