public comments Archives - Americans for Financial Reform

Letter to the Regulators: AFREF Comments to Department of Treasury Regarding Request for Information on AI in Financial Services

AFREF submitted a comment regarding a request for information on uses, opportunities, and risks of artificial intelligence in the financial services sector. The comment notes that while artificial intelligence (AI), including machine learning and generative models, could potentially transform the financial services industry, insufficiently robust AI regulatory oversight and supervision can harm consumers by amplifying discriminatory patterns in credit markets, increasing consumer costs, and creating barriers to accessible credit. To address these harms, federal regulators should pursue a rights-based and not solely a risk-based approach.

Joint Statement: 59 Organizations Call on SEC to Adopt Mandatory Climate and ESG Disclosures

“Investors know that climate change is a threat that some companies aren’t taking seriously enough. They need information that lets them better understand climate risks and opportunities to see who they can trust to thrive in a low-carbon future economy.”
–Alex Martin, Senior Policy Analyst, Americans for Financial Reform Education Fund

Joint Letter: 47 Organizations Urge Regulatory Agencies to Suspend All Non-Coronavirus Related Rulemaking Until National Emergency is Over

AFR Education Fund and 46 other organizations sent a letter to regulatory agencies urging them to suspend all non-COVID-19 rulemaking activity. Public advocates and regulatory agencies should focus all resources on responding to the public health emergency and the economic crisis.