Joint Letter: Letter to the OCC, FDIC, and Fed Opposing Proposal to Raise Appraisal Exemption Threshold
Letter to the OCC, FDIC, and Fed opposing proposal to raise the appraisal exemption threshold
Government Category: Comments & Letters to Regulators
Letters to Regulators: Letter to the OCC, FRB, and FDIC Opposing the Proposed Threshold Increase
AFREF joined a letter to the OCC, FRB, and FDIC opposing the proposed threshold increase.
Letters to Regulators: AFR Education Fund letter to the Financial Stability Board regarding financial resources to support clearinghouse resolution.
Letters to Regulators: AFR Education Fund letter to the Financial Stability Board on financial resources to support clearinghouse resolution.
Joint Letter: Consumer Groups Urge FDIC To Promote Financial Inclusion For Distressed Consumers
Several safeguards are critical to ensure that bank loan programs—particularly those designed for financially distressed consumers—promote financial inclusion rather than exacerbate financial exclusion and distress.
Joint Letter: Consumer Groups Urge FDIC To Cap Small-Dollar Loan Interest Rates And Consider Consumer Ability To Repay
Credit cannot make up for a fundamental lack of income or consistent incapacity to meet expenses, particularly for the borrowers with damaged credit for whom high-cost bank products tend to be designed. Irresponsible loan products merely put these consumers in a cycle of debt, exacerbating, not helping their situation.