Letters to Regulators: Letter in Response to the CFPB’s Request for Information on Junk Fees
AFR joined CRL, CFA and NCLC in sending a comment letter to the CFPB in response to their request for information on junk fees.
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News Release: Survey Reveals Retail Investors Want SEC to Require Climate Disclosure
Washington, D.C. – Seventy percent of investors support the Securities and Exchange Commission (SEC) requiring all public corporations to disclose standardized information about their financial risks due to climate change. This finding comes from a new nonpartisan survey of investors completed by Embold Research on behalf of Americans for Financial Reform Education Fund and Public Citizen.
Congressional Testimony: Senior Policy Analyst Renita Marcellin Testifies at HFSC’s Digital Wallet Hearing
AFR’s Senior Policy Analyst Renita Marcellin testified at the House Financial Services Committee’s Task Force on Financial Technology’s hearing “What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments.”
Report: Results of a nationwide survey: Retail investors’ support for the SEC mandating climate-related financial disclosures from public companies
A nationwide survey of retail investors was conducted between March 18 and 29, 2022, by Embold Research on behalf of Americans for Financial Reform Education Fund and Public Citizen. Broadly, these survey results show that investors care about climate-related risks and opportunities of public companies, support the SEC requiring climate-related disclosures with third-party audit, and would factor the information disclosed into their investment practices.
Letters to Regulators: Letter to the SEC in Support of Proposals to Protect Investors in Private Funds
AFREF led 26 other organizations in a letter to the Securities and Exchange Commission supporting its proposals that would provide to investors in private funds (such as hedge funds and private equity funds) basic and important information on a quarterly basis to make informed investment decisions.
Letters to Regulators: Letter to the SEC in Support of Proposals to Protect Investors in Private Funds
AFREF sent a comment letter to the Securities and Exchange Commission supporting several of its proposals that would better protect investors in private funds (such as hedge funds and private equity firms) that currently do not have the basic, necessary information they currently need to make informed decisions.
Letters to Regulators: Comments to the Federal Reserve on Firms’ Eligibility to Gain Access to Privileged Fed Reserve Accounts and Services
AFREF sent a comment letter to the Federal Reserve on firms’ eligibility to gain access to privileged Fed Reserve accounts and services.
Letters to Regulators: Comment Letter in Response to the FTC and DOJ’s Request for Information on Merger Enforcement
AFREF, joined by the Center for Economic Policy and Research and United for Respect, sent a comment letter responding to the FTC and DOJ’s request for information on merger enforcement. The letter calls on the agencies to to closely scrutinize and create presumptions to challenge acquisitions that employ leveraged buyouts and techniques like it.
Letter to Regulators: Letter Commenting on the SEC’s Proposal on Money Market Reforms
AFREF sent a letter to the Securities and Exchange Commission supporting its proposals to reform Money Market Mutual Funds to better protect investors and the financial system. Money Market Mutual Funds have now been bailed out by policymakers twice in the last 12 years and benefit from paying higher interest rates above bank deposits without being subject to the same investor protection and safeguards as them.
Letters to Regulators: Modernization of Beneficial Ownership Reporting
AFREF sent a comment to the Securities and Exchange Commission (SEC) supporting the SEC’s proposals to modernize the reporting of beneficial ownership by including cash-settled derivatives in large position reports over Schedules 13D and 13G. We also urge the SEC to clarify its definition of who should constitute a “group” under the proposal as it should only apply to the sharing of material nonpublic information related to not yet disclosed large positions instead of efforts to improve the long-term corporate governance of companies.