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Tell the Department of Labor: Stop Private Equity and Crypto Scammers from Gambling with Workers’ Retirement Savings
The Department of Labor has proposed a rule that would allow private equity firms and cryptocurrency investments into defined contribution retirement plans like 401(k)s. That means some of the riskiest, least transparent financial products in the market could soon be packaged as prudent retirement investments for workers across the country. Private equity firms have a well-documented record of extracting wealth, loading companies with debt, cutting jobs, and walking away with profits while workers and communities pay the price. Crypto markets have been defined by extreme volatility, speculation, and repeated crashes that have wiped out billions in savings. Now both industries are pushing…
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Tell the FTC to Ban Junk Fees in Rental Housing Now
Rent keeps climbing, and corporate landlords have found a way to push it even higher without ever changing the number they advertise. They list one price, then pile on mandatory junk fees for basic things like paying rent online, submitting an application, or accessing services that used to be included. By the time a lease is signed, the real cost is far above what renters were told at the start. These fees are not rare. They are built into how large landlords operate. The FTC has proposed a rule to address these practices, and it directly targets the tactics renters…
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Stand Up to the Crypto Billionaires
After aggressive lobbying and an influx of campaign money from the crypto industry and its billionaire backers, the Senate is poised to take up legislation that would cement a massive deregulatory giveaway to the crypto billionaires.