AFREF sent a roadmap for action to the Federal Reserve.
Letters to Regulators: Letter in Response to the Federal Reserve’s RFI on a Central Bank Digital Currency
AFREF and Demand Progress submitted a letter in response to the Federal Reserve’s Request for Information on a Central Bank Digital Currency (CBDC). In the submission, we urge the Fed to consider privacy and fraud protection, and also point to other alternatives to CBDC the Fed could pursue to promote broader financial inclusion.
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.
AFREF and 6 organizations sent a letter to the Federal Reserve Board expressing support for the development of the FedNow Service, the FRB’s real time payments system, and urging the Fed to build sufficient consumer protections into the system so that consumers and small businesses can safely use the system.
AFREF joined our colleagues in sending a letter to the Federal Reserve urging the inclusion of essential consumer protections in the rules and design of the FedNow service, the Federal Reserve’s real time payment system.
Letter to Regulators: Letter Calls on Banking Agencies to Withdraw Proposed Rule on Supervisory Guidance
AFR Education Fund wrote a letter to banking regulators calling on them to withdraw a proposed rulemaking on the role of supervisory guidance. The letter criticized the new rule as unnecessary and potentially harmful, since it could limit the ability of bank supervisors to take
Policy Recommendations: Recommendations for Immediate Action by the Biden Administration in Banking and Markets Regulation
AFR released recommendations for “Day One” policy actions by the Biden Administration in the areas of banking regulation, securities and markets regulation, and addressing systemic risk. These are actions that could be taken without a lengthy rulemaking and would make immediate progress toward a fairer
Joint Letter: Letter to Federal Reserve Emphasizing Need for Strong Consumer Protections in Real Time Payment Systems
Coalition letter urging the Federal Reserve to build in strong consumer protections into the design of its new real-time payment system