All posts by team

News Release: FTC Suit to Block Kroger-Albertsons Merger a Vital Step after Private Equity Looting

Washington, D.C. – The lawsuit to block the merger of Kroger and Albertson, marks a critical step in safeguarding workers, consumers, and competition in the grocery business. This merger between two of the country’s largest grocery chains is bad news for all stakeholders, particularly in light of Albertsons’ $3.7 billion payout to private equity firm Cerberus Capital Management shortly after the merger was announced in 2022.

Letters to the Regulators: Letter in Support of Developing a Financial Inclusion Strategy

Americans for Financial Reform Education Fund (AFREF) sent a letter to the Treasury Department outlining principles, scope, and direction for the department’s development of a financial inclusion strategy.  Developing a financial inclusion strategy is long-overdue and a necessary step to understand and begin to address the contributions of inequitable access to financial products and services for disadvantaged communities to the persistent racial economic inequality in the United States.

News Release: Regulators Should Block Proposed Capital One-Discover Merger

WASHINGTON, D.C. – The proposed Capital One purchase of Discover Financial Services threatens to raise credit card prices for consumers and further constrain credit access for communities around the country. Banking regulators and antitrust authorities must closely scrutinize this megamerger for the anticompetitive and anticonsumer impacts that would certainly justify blocking this takeover. 

In The News: The Capital One-Discover deal raises thorny issues for Washington (American Banker)

“Today’s concentrated markets and behemoth banking organizations are the result of a thirty-year run of mergers and consolidation,” said Patrick Woodall, senior fellow at the Americans for Financial Reform Education Fund. “It is time for the banking regulators to stop rubber-stamping these transactions and stand up for consumers, communities, and a more stable financial system by blocking this takeover.”

a green forest with a tornado looming

Letters to Regulators: CFTC Should Finalize Guidance and Continue Close Monitoring of Risks of Voluntary Carbon Credit Derivatives Contracts

Americans for Financial Reform Education Fund (AFREF) submitted a comment letter to the Commodity Futures Trading Commission (“CFTC”) on its proposed guidance for designated contract markets (“DCMs”) on commodity characteristics that should be considered in terms and conditions for the listing of voluntary carbon credit

News Release: Changes to Disclosures Will Increase Visibility in some Private Fund Activities

Washington, D.C. – The Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission’s (CFTC) expansions to the information collected by private funds over Form PF and Form CPO will provide both the agencies and the Financial Stability Oversight Council (FSOC) with greater visibility and early warning signs into portions of the $21 trillion private fund industry.