The federal tax code includes many tax breaks and loopholes that provide tremendous cash benefits to real estate investors, developers, and corporate landlords. Closing these loopholes would generate billions of dollars in revenue.
AFR joined our partners in calling on the CFPB to rescind its guidance allowing credit reporting agencies and furnishers to disregard statutory deadlines.
AFR joins the world in mourning the death of Ruth Bader Ginsburg, a trailblazing jurist whose work contributed immensely to gender equality and to progress towards a more just society.
With this new rule, the SEC is undermining the ability of investors to use the shareholder proposal process to call companies to task on their failures to behave responsibly. Now, it will be much more expensive for small investors to submit shareholder proposals. It will be harder for them to resubmit proposals — a frequent practice — because of higher resubmission thresholds. It’s a gift of new power to irresponsible management and a blow to the cause of corporate accountability.
AFREF and Demand Progress submitted comments to the FDIC on setting standards for fintech companies.
As the Federal Deposit Insurance Corporation (FDIC) reassesses third-party partnerships regarding financial technology (fintech), we urge it to refrain from delegating its responsibilities to a public-private standard-setting organization (SSO) and instead to develop its own expertise in the context of a robust, precautionary, approach to oversight. Facilitating compliance with SSO standards is not an acceptable means of regulation, nor an acceptable alternative to regulation.
There’s a looming student debt cliff awaiting us in 2021. With America in the teeth of the Covid-19–enabled economic downturn, lawmakers suspended federal student loan payments for 80 percent of federal student loan borrowers. This measure, which President Donald Trump extended a few weeks ago, is set to expire on New Year’s Eve, which means borrowers will ring in the new year by restarting their student loan payments in one of the worst job markets in a decade.
Sixteen charts showing the lasting impact of the financial crisis on family finances and inequality.
In many ways, the private equity industry embodies some of the worst impulses of Wall Street, squeezing profits at the expense of workers and consumers, and insulating bad actors from risks. But these abuses are not inevitable. On the contrary, they are the result of laws and regulations that can and should be changed.
AFR and our national partners submitted detailed comments opposing the OCC’s proposed true lender rule.