AFR joined 7 other groups to express support for HR 3755, the Stop Bad Robocalls Act, which provides for enhanced protections against robocalls by: instructing the FCC to issue meaningful and protective regulations interpreting the TCPA to enforce the requirements for consent for unwanted robocalls, mandating
This report discusses how the long-term trend to Wall Street-led growth has been harming the public, and some of the ways the Trump Administration is contributing to it. In particular, the report discusses how today’s deregulation of Wall Street will make the next recession worse and increase the likelihood of repeating the bailouts we saw in response to the 2008 crisis.
Americans for Financial Reform Education Fund raised concerns over weakening resolution planning requirements intended to prepare large bank holding companies for an orderly resolution in conventional bankruptcy without risk to financial stability and without any reliance on extraordinary public support of the failed bank or its counterparties.
Americans for Financial Reform Education Fund sent a letter to banking regulators opposing a proposal that would make the resolution planning process substantially less stringent than it currently is, and raising concerns over the safety and soundness of individual banks and the effect on U.S. financial stability.
Regulatory agencies purport to “tailor” prudential rules, but they are severely undermining capital and liquidity requirements for foreign banks operating in the U.S.
Private Equity Giants Converge on Manufactured Homes, a report released this year by three nonprofits—Manufactured Housing Action, the Private Equity Stakeholder Project and Americans for Financial Reform—maps this rapidly changing industry. The report notes, “The top 50 manufactured housing community owners own around 680,000 home sites. With more that 150,000 home sites, private equity firms and institutional investors now control a substantial portion of manufactured home communities.” Some of these firms have familiar names like Blackstone or Carlyle.
The 22 community, housing, civil rights, consumer and other organizations believe that HUD must carefully assess the risks and benefits of the Opportunity Zone investments. The Opportunity Zone program poses substantial risks to lower-income households and households of color that already face rapidly rising housing costs and a declining availability of affordable housing options
Given the unfortunate demise of the Department of Labor (DOL) Fiduciary Rule and the glaring deficiencies in the Securities and Exchange Commission’s (SEC’s) Regulation Best Interest, we greatly appreciate states such as New Jersey that are willing to step in to fill the regulatory void by providing the protections investors need and expect.
Today, Americans for Financial Reform joined a coalition of national consumer and civil rights groups in writing to top banking regulators on the importance of preventing banks from once again issuing payday loans that trap people in a cycle of debt.
Kathleen Kraninger, who has helmed CFPB for a scant four months, is unfortunately already making a name for herself as someone willing to let the bad guys off the hook. She is a protégé of Mick Mulvaney, who spent much of 2018 doing his best to lay waste to the CFPB’s work and structure as its acting director.