In a significant reversal, the Department of Labor (DOL) today announced they will not enforce the anti-sustainable investing rules that were hastily published in the final days of the Trump administration. The two rules, which went into effect in January 2021, would have made it much harder for retirement plans to integrate environmental, social and governance (ESG) risks into their investment practices.
AFR joined a letter asking Treasury to urge Congress to protect the third round of economic impact payments in the American Rescue Plan of 2021 from assignment and garnishment.
AFR organized a letter of support for two bills expanding and improving language access for mortgage transactions that will make important strides in improving access to the mortgage market and awareness of the availability of assistance for homeowners who are struggling to keep up with their mortgage payments. LEP borrowers face many challenges that impede their full participation in the consumer marketplace, including, specifically, their ability to obtain and preserve ownership of a home. Tracking and transferring the language preference of LEP borrowers and enhancing the availability and use of services and resources in their preferred languages will significantly improve market access for LEP borrowers at all stages of a mortgage loan.
AFREF joined a letter urging the CFPB and the FTC to take immediate action to prevent or limit imminent rental evictions and home foreclosures in the private mortgage market.
A South Carolina tire factory owned by a global corporation received a substantial loan from the Small Business Administration for pandemic relief while many genuinely small businesses — especially those owned by people of color and women — were unable to access the program.
Case study of a South Carolina tire factory owned by a global corporation that received a substantial loan from the Small Business Administration for pandemic relief while many genuinely small businesses were unable to access the program.
Sustainable investing is on the rise, and many investors are asking corporations to disclose more information about their climate risks and other environmental, social and governance (ESG) metrics. The House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets recently held a hearing on
137 organizations joined AFR in a sign on letter to Congress supporting the nomination of Rohit Chopra as the next CFPB Director.
40 organizations joined AFR in a sign on letter to Congress strongly supporting the nomination of Gary Gensler as the next SEC chair.
Wall Street billionaires have escaped paying their fair share of taxes for decades, thanks to laws they themselves have had an outsize influence in shaping. This bill requiring the ultrarich to pay some tax on their wealth, which was too often accumulated through predatory business models that extracted wealth from workers and communities, is an important step forward for economic justice.