Tag Archives: racial justice

Letters to Regulators: Letter to FHFA on the Federal Home Loan Bank System

AFREF led 14 organizations in the housing, consumer protection, climate, civil rights, and community investment spaces, in a letter to the Federal Housing Finance Agency regarding the Federal Home Loan Bank system, arguing for expanded contributions to affordable housing to justify the public investment in the system, and for the system to undertake a number of initiatives to support members in reducing their climate risk and climate vulnerability.

Letters to Regulators: Letters to the IRS and Treasury and the CFPB on Medical Debt

 AFREF joined two letters – one to the Internal Revenue Service (IRS) and Department of Treasury, and one to the Consumer Financial Protection Bureau (CFPB) – urging the Biden-Harris Administration to do more to relieve medical debt for tens of millions of people. The letters, signed by more than 60 organizations, include specific executive actions the administration can take to address medical debt.

Amicus Brief: Uphold the President’s Cancellation of Student Debt

AFR joined partners as amici in urging the United State Supreme Court in upholding the President’s plan to cancel up to $20,000 in student loan debt for borrowers. This cancellation has the power to shift the racial wealth gap, free borrowers of the weight of student loan debt and potentially plant BIPOC communities on even ground with their white counterparts.

CFPB

Letters: Letter Calling on the U.S. Chamber of Commerce to Drop Lawsuit Against the CFPB

AFREF led a letter calling on the U.S. Chamber of Commerce and the banking associations to drop the lawsuit against the CFPB that would allow them to discriminate against similarly situated BIPOC communities. The lawsuit focuses on the Bureau’s warning that the federal prohibition on unfair practices covers discrimination, and that the Bureau will be using its examination authority to look for and address unlawful discrimination in financial services, including in areas outside of lending, The CFPB was well within its authority to take these actions. Discrimination is unfair and unlawful, and it should have no place in our financial system.