Letters to Regulators: Letter to Treasury on HAF Implementation
AFREF joined a letter to Treasury urging them to ensure accessibility, transparency, and accountability in the Homeowner Assistance Fund (HAF) program.
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News Release: Companies Backed by Giant Private Equity Firms Received $5.3bn in COVID-19 Stimulus Funds
Hundreds of companies owned or backed by some of the most well financed private equity firms in the US secured an estimated $5.3 billion in public funds under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), reveals a new investigation published today.
Report: Public Money For Private Equity: Pandemic Relief Went To Companies Backed By Private Equity Titans
This study estimates that at least $5.3 billion in CARES Act money went to 611 portfolio companies owned or backed by private equity firms that held $908 billion in cash reserves.
News Release: Committee Tax Plan Falls Short of Need to Advance Racial and Economic Justice
Today, the House Ways and Means committee released its draft plan for the Build Back Better economic package. It includes many crucial spending items, and some positive tax provisions. But, overall, it fails to meet the moment. Among other things, the package leaves out revenue-raising proposals from the Biden administration that would advance racial and economic justice. We need more dramatic change to the status quo, which benefits Wall Street and the super-rich and harms the rest of us.
Letters to Regulators: Letter to ED on Preemption Interpretation
AFREF joined a letter to the Education Department (ED) in response to their interpretation on federal and joint federal-state regulation and oversight of ED’s federal student loan programs and federal student loan servicers.
Letters to Congress: Support Progressive Revenue Raisers to Rein in CEO Pay and Pay for Vital Public Investments
AFR joined a letter to Congress urging support for tax proposals to rein in CEO Pay while investing in our recovery.
Letters to Regulators: Letter to NIST on Proposal for Identifying and Managing Bias within Artificial Intelligence
AFREF joined a letter to the National Institute of Standards and Technology (NIST) in response to their request for comment on their Proposal for Identifying and Managing Bias within Artificial Intelligence.
Letters and Statements: 32 Orgs urge President Biden to address Fed’s failure on climate risk
Dear President Biden,
We are deeply concerned by the lack of progress being made by the Federal Reserve Board of Governors (the Fed) on the assessment and mitigation of climate risk in the financial system. The Fed has failed to take proactive measures to address the risks that banks and the financial system face from climate change. This must change.
Letters to Regulators: Letter to FRB in Support of FedNow and Urging Consumer Protections
AFREF and 6 organizations sent a letter to the Federal Reserve Board expressing support for the development of the FedNow Service, the FRB’s real time payments system, and urging the Fed to build sufficient consumer protections into the system so that consumers and small businesses can safely use the system.
Letters to Regulators: Letter to FRB Urging Consumer Protections in FedNow
AFREF joined our colleagues in sending a letter to the Federal Reserve urging the inclusion of essential consumer protections in the rules and design of the FedNow service, the Federal Reserve’s real time payment system.