team, Author at Americans for Financial Reform

News Release: Experts: U.S. Supreme Court Ruling in Goldman Sachs Case Could Have “Devastating Consequences” for Investors, Market Confidence

Will the U.S. Supreme Court allow investors defrauded by Goldman Sachs during the financial crisis to have their day in court? Or, will the Court rule in favor of Goldman Sachs and, in so doing, create a roadmap that publicly traded companies can use to make false and misleading statements that will harm Main Street investors and dramatically undermine market confidence by making it impossible for any investor to rely on the public statements of companies?

News Release: AFT Sounds Alarm over Private Equity, Urges Trustees with $3 Trillion under Management to Examine Investments

The American Federation of Teachers is advising its pension trustees with more than $3 trillion under management to review their private equity investments after a new report exposed the diminished returns and structural risks associated with the industry.

Paper: Lifting the Curtain on Private Equity

In partnership with The American Federation of Teachers, AFREF released a paper entitled “Lifting the Curtain on Private Equity: A Guide for Institutional Investors and Policymakers.”

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Letters to Regulators: Letter to HUD Urging for Protections for FHA Borrowers

AFREF joined our partners to send a letter urging HUD to take further steps to protect FHA borrowers facing COVID-related hardships form foreclosure, including requiring servicers to communicate the availability of several loss mitigation options, providing guidelines for contacting borrowers before the end of a forbearance, and collect performance data on COVID-19 loss mitigation options and make this information available to the public.

Congressional Testimony: Written Testimony of Alexis Goldstein Before the United States House Financial Services Committee

Senior Policy Analyst Alexis Goldstein testified at HFSC’s hearing “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II”

News Release: Billionaire Landlords Profit by $24.4 Billion and Hoard Cash as Millions Face Eviction During the Pandemic

Billionaire corporate landlords have increased their wealth by $24 billion and have raised over $245 billion as millions of American families face a wave of evictions.

New Report: Cashing in on Our Homes: Billionaire Landlords Profit as Millions Face Eviction

New report showing how a handful of billionaire corporate landlords increased their wealth by $24 billion during the pandemic and have raised over $245 billion to tighten their grip on the housing sector. Meanwhile millions of families are under imminent threat of eviction.

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Letters to Congress: Letter in Support of the Real Estate Valuation Fairness and Improvement Act of 2021

AFR joined a letter to Congress in support of the Real Estate Valuation Fairness and Improvement Act of 2021.

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Letters to Congress: Letter Asking for Commitment to Nominating Professionally Diverse Candidates to Federal District Courts

AFR joined a letter to the Senate asking for commitment to supporting President Biden’s goal of nominating professionally diverse candidates for federal district courts by fulfilling his request to recommend public defenders, civil rights lawyers, and public interest lawyers when judicial vacancies occur in their states. The letter explains that if the American public is to maintain faith in our judicial system, it is critical that we restore balance to a bench where former corporate lawyers and prosecutors are so heavily overrepresented.

Letters to Regulators: Letter to the CFPB with Recommendations for a Loss Mitigation Framework

AFR Ed Fund, NCLC, CRL, NCST and NHLP sent a letter to the CFPB with our recommendations for a loss mitigation framework that will allow servicers to offer COVID streamlined modification options while maintaining adequate protections for borrowers in the process.