Letters to Regulators: Letter to FHFA in Response to Equitable Housing Finance Plans RFI
AFREF joined a letter to FHFA in response to the enterprise equitable housing finance plans request for input.
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Letters to Regulators: Letter to FHFA in Response to Equitable Housing Finance Plans RFI
AFREF joined a letter to FHFA in response to their request for input regarding the enterprises’ equitable housing finance plans.
News Release: Treasury’s climate report light on specifics, regulators must go much farther, faster
The U.S. Treasury Department released its climate finance report on Thursday evening following a meeting of the Financial Stability Oversight Council (FSOC) where members voted to approve the report. Though strong in some areas like climate risk disclosure and scenario analysis, the report largely highlights agency actions that are already underway, and it fails to lay out a comprehensive roadmap with specific recommendations and timelines for regulators to consider beyond the assessment and disclosure of climate risk, Americans for Financial Reform (AFR) and Public Citizen said.
News Release: Statement on Facebook’s Scaling of Cryptocurrency Efforts
Following reports that Facebook is scaling up its cryptocurrency efforts with the launch of a pilot of its cryptocurrency wallet “Novi”, Demand Progress Education Fund and Americans for Financial Reform Education Fund released the following joint statement.
News Release: Private Equity Reform Needed to Curb Worker Abuse as Industry Explodes
The Stop Wall Street Looting Act would rewrite the rules that shape the private equity industry, which now has about $7.1 trillion in assets and wealth under its control, so that regulation and market incentives promote productive, sustainable investment, not the wealth extraction that now is all too common.
Statement: Supporters of the Stop Wall Street Looting Act
Many organizations have come out in support of the Stop Wall Street Looting Act, the first comprehensive reform of the predatory private equity industry. This legislation was introduced in Congress today.
Letters to Congress: Letter in Support of Robust Funding for Housing Provisions in the Build Back Better Act
AFR joined a letter to Congress in support of robust funding for housing provisions in the Build Back Better Act.
Fact Sheet: Stop Wall Street Looting Act of 2021 Provisions
A section-by-section of Sen. Warren’s plan to address the predatory elements of the private equity business model that harm workers, investors, and communities.
Letters to Regulators: Letter to the Treasury/President’s Working Group on Stablecoin Regulation
AFREF submitted a letter to the Treasury today raising concerns that the President’s Working Group is considering recommending Congress create special bank charters to regulate stablecoins. We instead believe the President’s Working Group should clarify the existing authorities that each of the regulatory agencies have and call on those agencies to exercise their authorities now. We find this especially pertinent given the recent enforcement action brought Friday by the CFTC against Tether.
Fact Sheet: Stop Private Equity from Driving Retailers into Bankruptcy, Destroying Jobs and Livelihoods
Private equity has had a disastrous impact on the retail industry, driving dozens of firms into bankruptcy, shutting down tens of thousands of stores, and costing hundreds of thousands of jobs nationwide.