A South Carolina tire factory owned by a global corporation received a substantial loan from the Small Business Administration for pandemic relief while many genuinely small businesses — especially those owned by people of color and women — were unable to access the program.
New Report: Where the Rubber Meets the Road: How a global tire titan got millions in pandemic small business loans
Case study of a South Carolina tire factory owned by a global corporation that received a substantial loan from the Small Business Administration for pandemic relief while many genuinely small businesses were unable to access the program.
Letters to Congress: Joint Letter to House Financial Services on Climate Change, Sustainable Investing and Investor Protections
Sustainable investing is on the rise, and many investors are asking corporations to disclose more information about their climate risks and other environmental, social and governance (ESG) metrics. The House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets recently held a hearing on
137 organizations joined AFR in a sign on letter to Congress supporting the nomination of Rohit Chopra as the next CFPB Director.
40 organizations joined AFR in a sign on letter to Congress strongly supporting the nomination of Gary Gensler as the next SEC chair.
Wall Street billionaires have escaped paying their fair share of taxes for decades, thanks to laws they themselves have had an outsize influence in shaping. This bill requiring the ultrarich to pay some tax on their wealth, which was too often accumulated through predatory business models that extracted wealth from workers and communities, is an important step forward for economic justice.
Letters to Regulators: AFR Ed Fund Supports SEC Move to Reform Treasury Markets; Calls for More Action
AFR Education Fund sent a comment to the SEC supporting the proposed elimination of regulatory exemptions in government securities markets. The letter also calls for the SEC to make further reforms in fixed income markets.
Sen. Warren and Rep. Jayapal’s Ultra-Millionaire Tax Act of 2021 could not be a more timely reminder that the United States needs serious policy changes to address massive wealth and income inequality. Wall Street is the second-largest source of billionaire wealth, after the technology industry. While 8 million Americans slipped into poverty and half a million lives were lost to COVID-19 since the beginning of the pandemic — all with a disproportionately large impact on communities of color — the wealth of U.S. billionaires almost doubled, up $1.3 trillion.
AFREF joined a letter to FHFA on the importance of accurate and reliable appraisals and putting in place safeguards to protect against improper valuations and racial discrimination.
Letters to Congress: Joint Letter Urging Congress to Protect the Next Round of Economic Impact Payments from Assignment and Garinishment
AFR joined a letter to Congress urging them to protect the next round of economic impact payments from assignment and garnishment.