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.
Tag Archives: banking
Letters to Regulators: A Roadmap for the Federal Reserve
AFREF sent a roadmap for action to the Federal Reserve.
Letters to Regulators: Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application
AFREF joined the National Community Reinvestment Coalition, the National Consumer Law Center (on behalf of its low-income clients) and the Center for Responsible Lending in sending a letter to the FDIC saying that Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter.
News Release: Federal Reserve and OCC Should Reject TD Bank’s Proposed Merger with First Horizon Bank, Groups Write in Comment Letter
Amid growing concern about corporate consolidation, the Center for Responsible Lending (CRL) and Americans for Financial Reform Education Fund are leading a letter calling for the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to reject a proposed merger between TD Bank and First Horizon Bank.
Letters to Congress: Letter in Support of H.R. 5912, The Close the ILC Loophole Act
AFR led a letter from a broad coalition of 33 groups representing civil rights, financial reform, and consumer advocate groups in support of H.R. 5912 the “Close the ILC Loophole Act.”
Congressional Testimony: Senior Policy Analyst Renita Marcellin Testifies at HFSC’s Digital Wallet Hearing
AFR’s Senior Policy Analyst Renita Marcellin testified at the House Financial Services Committee’s Task Force on Financial Technology’s hearing “What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments.”
Letters to Regulators: Comments to the Federal Reserve on Firms’ Eligibility to Gain Access to Privileged Fed Reserve Accounts and Services
AFREF sent a comment letter to the Federal Reserve on firms’ eligibility to gain access to privileged Fed Reserve accounts and services.
Letter to Congress: Joint Letter with Consumer Advocacy Groups, Credit Unions, and Banking Industry Groups Calling on Congress to End Banking Loophole
AFR joined a broad coalition of bank and credit union associations and consumer organizations in submitting a letter to the U.S. House Committee on Financial Services urging passage of the Close the ILC Loophole Act, introduced by Representatives Chuy Garcia (D-IL) and Lance Gooden (R-TX).
News Release: Statement on Facebook’s Scaling of Cryptocurrency Efforts
Following reports that Facebook is scaling up its cryptocurrency efforts with the launch of a pilot of its cryptocurrency wallet “Novi”, Demand Progress Education Fund and Americans for Financial Reform Education Fund released the following joint statement.
News Release: Fed Stress Tests Unleash Bank Capital Distributions at Expense of Financial Stability
The Federal Reserve has announced the results of its 2021 bank stress tests. Since then, these results have led a steady parade of the largest banks in the country to announce dramatic increases in dividends. The stress tests will also enable greater share buybacks and other capital distributions by banks. This will enrich senior executives and large shareholders, while putting financial stability at risk.