If you want to know how to run a company better, ask employees. But America’s corporate boards aren’t asking. The Reward Work Act requires that public companies allow one-third of their board to be elected by workers, to make for healthier decision-making.
Corporate lobbyists have put together a set of plans aimed at making it easier for executives to serve nothing but their own narrow self-interests without any scrutiny, eliminating accountability to the shareholders who actually own the company.
AFR Event: Wall Street And The Next Recession – Protecting Main Street In The Next Economic Downturn
In just a few months the current economic expansion will be the longest on record. But an increasing number of economists are predicting that it might be nearing its end. In preparing for an eventual economic downturn, what should be done to avoid the policy mistakes that made the 2008-2010 recession so devastating?
The requirement in the Dodd-Frank Act that major dealers in financial derivatives be regulated as such, and meet risk management and business conduct standards, is a direct response to derivatives market abuses that contributed to the 2008 financial crisis. The loophole created by today’s Final Rule could permit large-scale evasion of this requirement.
Washington, DC – The Consumer Financial Protection Bureau (CFPB) has proposed delaying when payday lenders would need to comply with a 2017 rule on predatory payday lenders by 15 months. This would allow the industry to skip the common-sense requirement that it verify that a
Letters to Regulators: Coalition letter to the CFPB Regarding their Proposal to Delay the Rule on Small Dollar Lending
On March 18, 2019, Americans for Financial Reform Education Fund and a broad coalition of organizations submitted a letter to the Consumer Financial Protection Bureau expressing concern with their proposal to delay the rule on Small Dollar Lending by 15 months. Read or Download a
Coalition response to Senate Banking Committee RFI
Letters to Regulators: AFR Education Fund letter to the CFTC regarding proposed rule on Swap Execution Facilities and Trade Execution Requirement
On March 15, 2019, Americans for Financial Reform Education Fund sent a letter to the Commodity Futures Trading Commission expressing several concerns regarding the agency’s “Swap Execution Facilities and Trade Execution Requirement” proposed rules. Read or download a PDF version of the letter.
News Release: Bank Workers, Members of Congress, Consumers, And Community Advocates Will hold Rally And Press Conference Addressing Persistent Predatory And Anti-Worker Practices
Wells Fargo workers have long demanded better protection, including a union, as well as a genuine seat at the table to help ensure the bank’s dangerous practices are kept in check. On the day of the hearing, workers will also deliver a petition to Sloan calling on him to meet with front-line workers to address the toxic, high-pressure environment that still exists for thousands of Wells Fargo employees.
Every year, American savers lose up to $40 billion because brokers give them bad advice. In spite of this, SEC Chair Jay Clayton has proposed new rules that won’t stop conflicts of interests that lead brokers to rip off their clients. The SEC should protect small investors, not give away the store to Wall Street.