Letters to Regulators: AFR Ed Fund sent a letter opposing proposal to exempt foreign derivative clearing organizations from registration with the CFTC.
View or download a PDF version of the full letter.
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Letters to Regulators: Joint letter to the SEC urging Chairman Clayton to withdraw anti-investor guidance that would undermine independent audits of public companies.
View or download a PDF version of the letter. Consumer Federation of America AFL-CIO Better Markets Center for American Progress Americans for Financial Reform November 21, 2018 Dear Chairman Clayton: We are writing to express our grave concerns regarding PCAOB staff guidance on Rule 3526(b),
In The News: Ocasio-Cortez Explains Everything Wrong with Private Equity in Less Than a Minute (GQ)
“I wasn’t sent here to safeguard and protect profit,” Ocasio-Cortez said in a video from the hearing circulated by Americans for Financial Reform, “I was sent here to safeguard and protect people.”
In The News: Once Mulvaney’s chief of staff, payday lobbyist enjoys frequent access to his old boss (The Washington Post)
“This lobbyist is about the purest walking-and-talking evidence you could imagine of why money matters in Washington,” Linda Jun, senior policy counsel for Americans for Financial Reform
Letter to Congress: Broad Coalition Supports the Stop Wall Street Looting Act
Today, private equity and hedge fund managers take advantage of gaps in regulations to make billions of dollars by looting real-world businesses and engaging in abusive practices without any accountability. They also pay taxes at a lower rate than teachers and firefighters. The undersigned organizations support the Stop Wall Street Looting Act (S.2155 / HR 3848 ). This legislation would eliminate tax, securities and bankruptcy law carve-outs that allow these Wall Street titans to make billions at the expense of workers, communities and pensions.
Congressional Testimony: America for Sale? An Examination of the Practices of Private Funds
We urge Congress to stand up for working people and for communities, patients and consumers, and enact the Stop Wall Street Looting Act.
News Release: FDIC/OCC Proposal Would Encourage Rent-a-Bank High-Cost Predatory Lending
Advocates reacted with outrage to a new proposal from two federal bank regulators that could make it easier for payday and other high-cost lenders to use banks as a fig leaf so that online lenders can offer predatory loans at interest rates that are prohibited under state law.
News Release: New Poll Shows Very Broad Support for Action to Curb Private Equity Abuses
The survey found that voters across party lines both disapprove of common approaches of private equity firms in taking over and running existing businesses. They also approve of measures to increase accountability, close loopholes, and protect workers, investors and the viability of target firms.
AFR Polling Memo: New Survey Shows Bipartisan Skepticism of Private Equity Tactics, Support for Reform
Voters support continued reform of Wall Street, and that conviction extends to the private equity industry, according to a new poll by Lake Research Partners and Chesapeake Beach Consulting. Majorities of Democrats, independents, and Republicans, oppose the predatory tactics of private equity industry, and support legislative proposals aimed at correcting its abuses.
Letter to Congress: Letter in Support of the Small Business Lending Fairness Act
AFR and partners sent a letter in support of the Small Business Lending Fairness Act, which protects small businesses from predatory lenders by ensuring their ability to defend their businesses in the justice system by codifying the ban on confessions of judgments in consumer and small business loans.