Letters to Regulators: Letter to the CFPB on the Need for Action to Limit Forced Arbitration
AFREF joined a letter to the CFPB urging it to take action on the ongoing issue of forced arbitration in consumer financial services/products.
Letters to Regulators: Letter to the SEC in Support of its Proposal on Shareholder Proposals
AFREF and allies submitted a comment letter to the Securities and Exchange Commission in support of its proposal to update certain substantive bases for exclusion of shareholder proposals. Shareholder proposals are an important part of our corporate governance system, and in the letter, we encourage the Commission to ensure the full range of benefits of shareholder proposals are taken into consideration when finalizing the rule, including shareholder proposals’ role in identifying, raising awareness, and addressing both company-level and systemic risks.
Letters to Regulators: Letter to FTC in Response to NPRM on Auto Financing
AFR joined a letter to the FTC in response to their Notice of Proposed Rulemaking on auto financing.
Letters to Regulators: Letter to CFPB in Response to Inquiry on Employer-Driven Debt
AFREF joined a letter to the CFPB in response to their inquiry on employer-driven debt.
Letters to Regulators: Comment Letter to the CFPB on Employer-Driven Debt
AFREF sent a letter to the CFPB in response to their Request for Information regarding employer-driven debt.
News Release: Fed Regulators Need to Roll Back Damage, Envision Better Rules
The Federal Reserve should move quickly to reverse Trump-era deregulatory measures, complete rules required under the 2010 Dodd-Frank law, and tackle challenges to improve fairness and equity in the financial system, according to Renita Marcellin, senior policy analyst at Americans for Financial Reform.
News Release: Official Legal Opinion Supports Majority Rule on the FDIC Board
The Department of Justice upheld the rule of law in its recently published opinion on the ability of the chair of the Federal Deposit Insurance Corporation to block votes sought by the majority of its board.
Letter to Regulators: Comment in Response to ED Notice of Proposed Rulemaking on Prison Education Programs, 90/10 and Change of Ownership
AFREF joined a comment letter in response to the Education Department’s Notice of Proposed Rulemaking on prison education programs, 90/10 and change of ownership.
Letter to Regulators: Letter to Treasury on How to Increase Transparency in the U.S. Treasury Market”
AFREF sent a letter to the Treasury Department on how to increase transparency in the U.S. Treasury market.
News Release: Consumer Advocate Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application
Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter, the National Community Reinvestment Coalition (NCRC), the National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Fund, and the Center for Responsible Lending wrote to the Federal Deposit Insurance Corporation (FDIC) on Wednesday.