AFR, SBPC and 30 organizations Oppose “Liability Shields” for Colleges Related to the COVID-19 Pandemic Americans for Financial Reform joined with the Student Borrower Protection Center in leading a to the U.S. Senate Committee on Health, Education, Labor and Pensions opposing any effort to shield
AFR Education Fund sent the letter below to the Securities and Exchange Commission opposing changes to rules governing how corporations can raise investment capital. These rules would make it easier for companies to raise capital without doing basic disclosures about their business or following other
AFREF comment letter opposing the formation and work of the CFPB Task Force on Federal Financial Law.
Consumer advocates slammed the Office of the Comptroller of the Currency (OCC) for its final rule issued today that encourages online non-bank lenders to launder their loans through banks so they can offer high-cost triple-digit loans in states where such loans are illegal. The rules were strongly opposed by a bipartisan group of attorneys general as well as by numerous community, consumer, civil rights, faith and small business organizations, and may face legal challenges.
We write on behalf of the undersigned organizations to urge you to include conditions in the next COVID-19 response legislation that require all organizations that receive federal financial support to retain workers, preserve workers’ rights, and institute policies and procedures to protect workers from exposure to the virus.
The next COVID response legislation, must include clear conditions for all companies that receive Federal financial support that require worker retention and protection as well as limitations that ensure that government money will not be used to profit corporate insiders and Wall Street speculators.
We strongly urge that Congress strengthen the oversight and anti-corruption measures over the $3 trillion and growing Coronavirus relief legislative programs. Our organizations represent broad and diverse constituencies across the ideological spectrum concerned about the potential for fraud, waste and abuse of the nation’s largest spending packages in history.
Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment.
Letter from over 90 groups calling on the CFPB to stop all regulatory activity unrelated to COVID-19 and take greater steps to protect consumers during the pandemic.
Before the onset of the COVID-19 pandemic, black homeownership was already at historically low levels nationwide and the racial wealth gap was widening, leaving communities of color with far less wealth and fewer resources for emergencies. COVID-19 has been particularly devastating for African-Americans, low-income families, and immigrants, who are bearing the brunt of the resulting economic fallout as well.