AFREF joined a letter urging HUD to strengthen its recent Interim Final Rule intended to prevent evictions.
Acting Comptroller Michael Hsu announced that the Office of the Comptroller of the Currency (OCC) plans to develop climate risk supervisory expectations for large banks and issue guidance for comment by the end of the year. Over the past year, Americans for Financial Reform Education Fund and partners have urged the OCC and other banking regulators to take this important initial step immediately. We applaud Acting Comptroller Hsu for his leadership on this issue and we urge the other regulators to follow suit and issue guidance by the end of the year.
AFREF joined a letter in response to the Education Department’s request for public comments on a rule to fully implement closure of the 90/10 loophole.
AFR joined a letter to Congress in support of the nomination of Professor Saule Omarova to serve as the next Comptroller of the Currency.
The Americans for Financial Reform Education Fund views the current state of the stablecoin market as a danger to consumers and to financial stability, and we are disappointed that the President’s Working Group (PWG) has focused on Congressional action as the central path for responding to these challenges.
Americans for Financial Reform and allies today rallied in front of the Federal Reserve Board of Governors to highlight Fed Chair Jerome Powell’s failure to protect the U.S. economy from major systemic threats like climate change, racial and economic inequality, excessive risk-taking from the big banks, and private equity firms extracting wealth from communities and workers across the nation.
AFREF joined a comment letter in response to the OCC’s proposal to rescind its 2020 rule regarding the Community Reinvestment Act regulations. The letter urges the OCC to rescind the final rule as quickly as possible.
AFR joined NCLC, CRL, NCRC, and Open Markets in sending a letter to Treasury Secretary Yellen opposing a bank charter for stablecoin issuers that would give them preemption rights without the full obligations and oversight required for insured depository banks.
AFREF joined over 100 other groups in sending a letter urging President Biden to cancel student debt.
At a town hall hosted by United for Respect and Americans for Financial Reform, workers and leaders across industries came out strongly in support of the Stop Wall Street Looting Act. The event focused on the devastating impact of private equity firms on the quality and quantity of jobs across industries.