View or download a PDF of the letter here.
Americans for Financial Reform Education Fund (AFREF) wrote a letter to the Office of the Comptroller (OCC) and the Federal Deposit Insurance Corporation (FDIC) opposing a proposed rule that would hamstring bank supervision by narrowing unsafe or unsound practices and matters requiring attention (MRAs) only to cases of clear legal violations or near-term quantifiable losses, instead of allowing supervisors to address emerging risks before they snowball into bank failures and bailouts.