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.”
LETTER TO REGULATORS: Poor Underwriting Standards in Federal Reserve Emergency Lending Programs Could Lead to Support for Insolvent Firms
You can view or download the letter here.
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.”
Letter to Congress: Letter from over 50 groups in support of mortgage relief in next covid-19 relief package
Letter from over 50 groups urging Senate leadership to include mortgage protections in the next COVID-19 relief package.
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.
Letters to Regulators: Joint Letter to FHFA, Fannie Mae & Freddie Mac on the need to notify tenants of applicable protections during COVID-19
AFR Ed Fund and 59 other organizations sent a letter to FHFA, Fannie Mae, and Freddie Mac asking them to provide ways for tenants to be able to determine whether their homes qualify for additional protections as a result of their landlord’s forbearance so that they can plan accordingly and protect themselves from eviction and other consequences.
Ten Years of Dodd-Frank: What We Need Next to Create a Resilient, Equitable, and Sustainable Economy
To mark the tenth anniversary of President Obama signing the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, Americans for Financial Reform hosted a series of virtual events asking what we have learned, and what changes we think are needed now to protect consumers, uproot systemic racism, and transform finance so that it contributes to a resilient, equitable and sustainable economy.
Letter to Congress: Seven Groups Urge Chairman Neal to End Surprise Medical Billing
Americans for Financial Reform and six other organizations sent a letter to Chairman Neal urging action to end surprise medical billing.
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.”