Letters to Congress: Letter in Support of Housing Fairness Act and Downpayment Toward Equity Act
AFR joined a letter in support of the Housing Fairness Act and the Downpayment Toward Equity Act.
Tag Archives: racial justice
Letters to Congress: Letter in Support of Downpayment Toward Equity Act
AFR joined a letter in support of the Downpayment Toward Equity Act, which provides substantial down payment assistance to first-time, first-generation homebuyers and helps close the historical racial and ethnic homeownership gaps in the United States.
Letters to Regulators: Letter to FDIC on Climate Banking Supervision Principles
AFREF submitted two comments to the Federal Deposit Insurance Corporation in response to their request for comment on “Statement of Principles for Climate- Related Financial Risk Management for Large Financial Institutions.” The first comment was a joint letter signed by 13 partners regarding the fair
News Release: SEC Proposes Two Rules To Improve “ESG” Transparency and Standardization
WASHINGTON, D.C. — Proposals by the Securities and Exchange Commission to prevent misleading use of labels on funds that weigh environmental, social and governance factors and to require critical disclosures about these funds’ strategies are a welcome step toward protecting investors who choose these types of investments.
News Release: Recover Improperly Disbursed PPP Funds
WASHINGTON, D.C. – The Paycheck Protection Program, a critical pillar of the CARES Act pandemic relief legislation, failed to equitably distribute money despite an avowed goal of focusing on small businesses, according to a new report from seven public interest organizations and labor unions.
In addition to adopting other reforms for future relief programs, the U.S. Small Business Administration should use its statutory power to claw back improperly issued or misused loans. Those cases might include PPP loan recipients who failed to spend at least 60% of their loan proceeds on employee wages, and cases where recipients used the money to issue stockholder dividends, buy back stock, or award executive bonuses.
Report: Lessons Learned from the Paycheck Protection Program
The Paycheck Protection Program, a critical pillar of the CARES Act pandemic relief legislation, failed to equitably distribute money despite an avowed goal of focusing on small businesses, according to a new report from AFREF and six other public interest organizations and labor unions.
Letters to Regulators: Comment Letter on DOL Climate Risk RFI
AFREF and 17 partners submitted comments to the Department of Labor on its request for information on climate risk to retirement plans and pensions, urging further integration of systemic risks like climate change, environmental, racial, and economic inequality into the administration of private retirement plans and pensions and the Federal Thrift Savings Plan.
Blog: Structural Racism Flourishes in the Auto Lending Market
In much of America, owning a car is necessary to participate in the economy, and to live a full and vibrant life. However, this ticket to opportunity comes at an increasingly steep price – as of 2021, Americans owe $1.42 trillion in auto loan debt.
Letters to Regulators: Letter in Response to the CFPB’s Request for Information on Junk Fees
AFR joined CRL, CFA and NCLC in sending a comment letter to the CFPB in response to their request for information on junk fees.
Congressional Testimony: Senior Policy Analyst Renita Marcellin Testifies at HFSC’s Digital Wallet Hearing
AFR’s Senior Policy Analyst Renita Marcellin testified at the House Financial Services Committee’s Task Force on Financial Technology’s hearing “What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments.”