NEWS RELEASE: Bad Underwriting Standards in Fed Lending Programs Could Support Insolvent Firms
“The failure to effectively control underwriting standards is one more example of ‘heads they win, tails we lose’ support for Wall Street.”
News Category: Press Releases & Statements
NEWS RELEASE: Consumer, Civil Rights, and Housing Groups Call on U.S. Senate to Save Family Homes and Stop Evictions in Next COVID-19 Bill
“We urge you to include these mortgage provisions in the next COVID-19 relief legislation. They will provide homeowners the temporary relief they need to get back on their feet and successfully rebuild their lives.”
NEWS RELEASE: Turning a Blind-Eye to Discrimination in Housing, HUD Further Harms AFFH Mandate
Yesterday, HUD finalized a new AFFH rule that is completely contrary to the intent of the AFFH mandate. Instead of furthering fair housing, the rule effectively eliminates a critical tool for addressing discrimination and segregation in our communities.
News Release: CFTC Rule Dismantles Key Guardrail for Derivatives Market
Cross-border derivatives regulation is the latest area in which Trump appointees are systematically dismantling the post-2008 framework for regulation of Wall Street and the global “too big to fail” banks. Today, the Commodity Futures Trading Commission drastically weakened their rules governing the massive global markets for financial derivatives.
AFR Supports Rep. Alma Adams’ Amendment to the National Defense Authorization Act
“Rep. Adams’ amendment gives borrowers a chance to recover on the same timeline the economy is projected to need to return to pre-coronavirus productivity. Granting the same CARES Act suspension of student loan payments to private student loan borrowers, and extending the suspension to September 2021 will mean more funds for food, medicine, and basic household needs.”
AFR Supports Rep. Madeline Dean’s Amendment to the National Defense Authorization Act
“Rep. Dean’s amendment would put borrowers and their families on stronger financial footing and accelerate the economic recovery. Providing up to $10,000 in immediate assistance to pay down a private student loan offers much-needed and long-term relief to the 6 million private student loan borrowers who were left out of the CARES Act entirely.”