We stand in solidarity with the families of George Floyd, Breonna Taylor, Ahmaud Arbery, and the millions of Black people subject to racial oppression, violence, and murder at the hands of the police and of white supremacists.
AFREF and 36 partners led a letter urging the Department of Treasury’s Federal Insurance Office (FIO) to swiftly release the homeowner insurance data that the National Association of Insurance Commissioners collected from over 330 insurers representing over 80% of the property and casualty market while also urging FIO to swiftly release a robust report analyzing the data.
Americans for Financial Reform Education Fund, joined by 9 signatories, submitted a letter to the Securities and Exchange Commission strongly endorsing the Public Company Accounting Oversight Board’s (PCAOB) proposed standards. The standards would require firms to disclose standardized and comparable metrics that facilitate cross-firm comparisons and assessments of audit quality, providing critical data for investors to make informed decisions. The letter highlights that requiring consistent and comparative metrics will reduce opportunistic disclosures, simplify audit committee oversight, and foster a data-driven approach to regulation and audit quality.
Americans for Financial Reform applauds today’s announcement of action against the nation’s three largest banks, Bank of America, JPMorgan Chase, and Wells Fargo, for failing to protect consumers from widespread fraud and risky activity on Zelle, the most widely available peer-to-peer payment network.
The possible acquisition of drugstore chain Walgreens risks writing a new chapter in the long-running saga of private equity’s looting of the American retail sector, a trend that has caused the loss of over half a million jobs, numerous bankruptcies, and extensive consolidation that leads to higher prices, lower quality for consumers, and more precarious conditions for workers.
“Weakening the CFPB, slowing its work, or steering it to favor industry over the public interest,” explains the advocacy group Americans for Financial Reform, “would give bad actors a green light to do their worst and further deepen this country’s racial wealth gap.”
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CPFB) issued an important final rule on residential Property Assessed Clean Energy (rPACE), a form of green lending used to cover the cost of home improvements which is most commonly used for energy efficiency improvements and solar panel installations.
View or download a PDF of the letter here. Americans for Financial Reform and Public Citizen joined exactly 70 labor, community, consumer, environmental, and public interest organizations sent a letter urging the U.S. Senate to reconfirm Commissioner Caroline Crenshaw to the Securities and Exchange Commission. Commissioner
The billionaire Elon Musk and the California venture capitalist Marc Andreessen have started a debate about the role of government that we should be having — but it might not go the way they would hope. They don’t like government agencies that stop corporations like theirs from ripping off consumers.
One day after a failed mega-merger attempt with Albertsons, Kroger launched plans to repurchase a massive $7.5 billion of their own stock, a clear effort to boost short-term stock prices and save CEO Rodney McMullen’s job by lining the pockets of its already wealthy shareholders.
