Americans for Financial Reform Education Fund joined Public Citizen in submitting a comment to the Federal Acquisition Regulation Council on its recent rule: Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk. The rule represents an important step forward in protecting the security of federal government supply
For the crypto wealthy, hope springs eternal but the rest of us should be very skeptical. Even after the collapse of many crypto companies erased the industry’s credibility along with a lot of fake and real money, the Republican House of Representatives majority wants to dole out favors for stablecoin issuers, the supposedly durable crypto asset.
The International Organization of Securities Commissions (IOSCO) seeks comment on a Voluntary Carbon Markets Discussion Paper issued to advance the discussion about what sound and efficient Voluntary Carbon Markets should look like and what role financial regulators may play in promoting integrity in those markets. Americans for Financial
AFREF joined a letter to the Dept. of Education applauding the Department for the significant positive impact its proposed changes to the IDR rules could have on student loan borrowers. The proposed rule has the ability to substantially reduce monthly and lifetime payments for millions of borrowers, raise the threshold for protected non-discretionary income, lower the share of discretionary income borrowers have to pay, waive unpaid interest, and decrease time to cancellation.
“When the top regulator of the biggest American banks describes the problems that he regularly encounters with them and announces a process for downsizing or even breaking them up, there is reason for optimism. But there is cause for pessimism, too, since that regulator’s agency is historically Wall Street’s biggest friend in Washington” wrote Sarah Pray, managing director for policy at Americans for Financial Reform.
AFR’s Advocacy and Legislative Director Renita Marcellin testified before the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on revamping and revitalizing banking in the 21st Century.
We are writing on behalf of Public Citizen, Americans for Financial Reform Education Fund, and Sierra Club to supplement the information provided in previous comments we submitted. The purpose of this letter is to highlight a number of recent developments that further strengthen the rationale for the proposed rule.
As explained in our attached summary of developments related to climate-related financial risk, dramatic changes ushered in by the Inflation Reduction Act, the Russian invasion of Ukraine, and global market trends more generally, are accelerating a rapid transformation in the investment landscape.
President Biden yesterday seized the moment of his State of the Union Address to reiterate his administration’s determination to crack down on junk fees – and especially credit card late fees – that companies use to rip off vulnerable consumers.
AFREF and partners led a letter to the FTC urging it to use its rulemaking authority to protect American consumers from junk fees and put money back into our pockets. Millions of consumers have expressed outrage at the imposition of service fees for live event tickets, “amenity” or “resort” fees charged by hotels, endless surprise rental car fees, hidden internet and cell phone charges, junk fees in the financial sector, and more. The federal government has taken a holistic approach to this problem, including the White House Competition Council, the Consumer Financial Protection Bureau (CFPB), the Department of Transportation (DOT) and now the FTC.
AFREF joined a letter to the White House Task Force on New Americans Financial Access and Education Subcommittee urging them to incorporate policies that would explicitly expand language access within the financial services sector.