New Report: Where They Stand On Financial Reform
October 17, 2018 – 12:33 pm | Comments Off on New Report: Where They Stand On Financial Reform

Ten years after the financial crisis, a majority of members of the Congress that wrapped up work in 2018 voted again and again for bills pushed by the bank lobby that endanger financial stability, undermine consumer and investor protections, and enable racial discrimination in lending. The change in control of the House and a heightened awareness of the dangers posed by these actions provide an opportunity to see what changes in the 116th Congress.

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AFR In The News: A Billion-Dollar Empire Made Of Mobile Homes (Washington Post)
February 16, 2019 – 9:27 am

Over the past three years, some of the biggest private-equity firms — Carlyle Group, Apollo Global Management and TPG Capital — have taken stakes in mobile home parks, according to a forthcoming report by the nonprofit groups Private Equity Stakeholder Project, MHAction and Americans for Financial Reform. The mobile home parks owned by private-equity firms have more than 100,000 home sites, according to the report.

News Release: AFR Voting Record Highlights Wall Street Influence In 115th Congress
February 21, 2019 – 12:41 pm

Americans for Financial Reform today released a new compilation of votes in the 115th Congress around financial reform that makes Wall Street’s success in driving its deregulatory agenda starkly visible.

Letter To Regulators: Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts
February 15, 2019 – 11:27 am

The replacement of the CEM by the SA-CCR would significantly reduce leverage capital requirements for bank derivatives positions, which we believe would cut total capital backing derivatives books at large banks.

Letter To Regulators: Comment On Standardized Approach For Calculating The Exposure Amount Of Derivatives Contracts
February 15, 2019 – 11:21 am

The replacement of the CEM by the SA-CCR would significantly reduce leverage capital requirements for bank derivatives positions, which we believe would cut total capital backing derivatives books at large banks.

Comunicado De Prensa: Capital Privado Amenaza A Residentes De Viviendas Prefabricadas
February 14, 2019 – 1:35 pm

Muchos de los inversionistas de capital privado y de bienes raíces más grandes del mundo, administrando más de $1.77 billones en activos, han estado comprado comunidades de viviendas prefabricadas a un ritmo acelerado y han aumentado estrepitosamente los alquileres y otros costos, lo cual representa una nueva gran amenaza para la seguridad económica de millones de adultos mayores, personas con discapacidades, familias, e inmigrantes que necesitan viviendas de bajo costo; según reporta un nuevo informe.

News Release: Private Equity Threatens Manufactured Home Residents
February 14, 2019 – 1:35 pm

Many of the largest private equity and real estate investors in the world, managing more than $1.77 trillion in assets, have bought up manufactured home communities at a rapid pace and raised rents and fees sharply, posing a dramatic new threat to the economic security of millions of seniors, people with disabilities, families, and immigrants in need of low-cost housing, according to a new report.

News Release: Consumer Groups Strongly Oppose CFPB Product Sandbox Proposal
February 12, 2019 – 4:11 pm

A group of 80 consumer, civil rights, legal services, labor, environmental, and community groups today expressed their strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s no-action letter policy and its proposed product sandbox.

Joint Letter: 9 groups oppose the CFPB’s proposed changes to its no-action letter policy and new sandbox proposal
February 12, 2019 – 12:13 pm

9 groups oppose the CFPB’s proposed changes to its no-action letter policy and new sandbox proposal