Americans for Financial Reform

Government Category: Comments & Letters to Regulators

Joint Letter: Fed and Treasury Should Freeze M&A Activity as Condition of Aid Money

The Fed must aggressively attempt to retain institutional credibility as a neutral actor in our economic order with regards to the distributional effects of its policies. It should not help finance a merger wave that leads to large-scale consolidation of companies which would have been healthy competitors but for temporary impacts of the current crisis.

Letter to Regulators: Suspend CFPB Rollback of Payday Loan Protections

[T]he process of rolling back the mandatory underwriting requirement provisions of the 2017 small-dollar lending rule was, at best, highly improper. We urge you to suspend the finalization of the rule pending a full investigation of the facts. There is a strong case to be made that the CFPB needs to restart the regulatory process entirely.