AFR Letter: Oppose the Sequester Replacement Reconciliation Act of 2012
AFR sent a letter to members of congress, urging them to oppose the “Sequester Replacement Reconciliation Act of 2012”, which would end the Home Affordable Mortgage Program (HAMP), repeal the resolution authority granted to the FDIC to liquidate failing financial institutions, eliminate the Office of Financial Research, and eliminate the independence of the Consumer Financial Protection Bureau by making it the only bank regulatory agency subject to the appropriations process.