Letters to Congress: Letter in Support of the Overdraft Protection Act of 2021
AFR led a letter to the House Financial Services Committee in support of Rep. Carolyn Maloney’s Overdraft Protection Act of 2021.
Tag Archives: Congress
News Release: Public interest groups call on Congress to scrutinize Google’s foray into cryptocurrency
Today, in a letter to Congress, 17 national advocacy organizations representing consumers, investors, and digital rights concerns called on the House Financial Services Committee to hold a hearing scrutinizing the steps tech giant Google (Alphabet) is taking to enter the cryptocurrency and digital assets markets, and how such moves might negatively impact privacy rights, consumer protections and safeguards against economic concentration. The call echoes concerns raised previously by advocates regarding Facebook’s designs on the financial services sector with the introduction of its now scuttled stablecoin, Libra (renamed Diem).
Letters to Congress: Letter to Congress Regarding Google’s Entrance into Digital Asset Markets
We, the undersigned organizations, write to you as advocates of transparency in digital asset markets. The cryptocurrency market boom has led to large corporations investing in the field, including Facebook (now Meta), whose problematic “Libra” cryptocurrency proposal was scrutinized in a 2019 hearing held by the Committee, at your direction. Facebook has since abandoned the project in light of the concerns raised at this hearing and due to push back from policymakers, public interest organizations, and financial regulators.
News Release: Statement in Response to Biden Administration Executive Order on Digital Assets
“The administration’s order includes the recognition that the rapid growth of digital assets as instruments for financial speculation is creating a wide range of serious risks and harms for consumers, investors, and the public at large. It is important that the order recognizes and articulates a set of these risks, and a whole of government approach can help address the scale and scope of the potential harm. It will be important for the studies authorized by the order to generate useful data and momentum for decisive regulatory action,” said Mark Hays, senior policy analyst with AFR and Demand Progress.
Letters to Congress: Letter in Support of the Economic Continuity and Stability Act
AFR joined NCLC and SBPC in a letter to Congress in support of the Economic Continuity and Stability Act, which would facilitate the credit industry’s smooth transition from the LIBOR index.
Letters to Congress: Letter in Support of Housing Survivors of Major Disasters Act
AFR joined a letter in support of H.R.3037, the Housing Survivors of Major Disasters Act.
Letters to Congress: Letter in Support of Student Loan Rehabilitation and Credit Score Improvement Act
AFR sent a letter to Congress supporting H.R. 6466, Representative Nikema Williams’ Student Loan Rehabilitation and Credit Score Improvement Act.
Letters to Congress: Confirm Four Outstanding HUD Nominees
AFR joined a letter to Congress encouraging the Senate to swiftly discharge and confirm the four highly qualified nominees for positions at the U.S. Department of Housing and Urban Development (HUD).
Letters to Congress: Immediately Bring H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act, to a Full Vote on the House Floor
AFR joined a letter urging Congress to immediately bring House Resolution (H.R.) 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act, to a full vote on the House floor.
Letters to Congress: Letter in Support of Chairman Sherman’s Amendments to the America COMPETES Act
AFR sent a letter to Congress supporting Chairman Sherman’s amendments to H.R. 4521, the America COMPETES Act.