Category Archives: Fact Sheets and Reports

sunrise over a field of wind turbines

Fact Sheet: Bank Supervision and Climate Risk

Americans for Financial Reform Education Fund and partners Public Citizen, Natural Resources Defense Council, and Center for American Progress released a white paper outlining the key elements that federal bank regulators—including the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration—can and should incorporate into public supervisory guidance for banks on assessing and addressing the risks faced by banks from climate change.

Federal reserve board

Fact Sheet: Deregulation at the Powell Fed

Federal Reserve Board Chair Jerome Powell has presided over a broad deregulatory agenda that has made our financial system less resilient and driven rising wealth and income inequality.

Policy Recommendations: AFR Housing Priorities for 2021

AFR released housing policy recommendations to promote equitable housing access for all people in the United States, minimize pervasive harm from the COVID-19 pandemic, hold predatory actors accountable, and expand sustainable opportunities in communities of color.

Department of Labor Building

Memo: Sustainable Investing Under the New ERISA ESG Rules

Despite recent DOL rule changes, private retirement plan fiduciaries can still incorporate ESG factors into their investment actions to protect their participants’ retirement savings, maximize returns, and contribute to a more sustainable financial system. Here’s what you need to know.

Policy Memo: Creating a Public Investment Bank

Reproduced and linked below is an AFR Education Fund memo on issues around the design of a national public investment bank that would be a modernized successor to the Reconstruction Finance Corporation. Link to pdf document: Policy memo on public investment bank – working draft

Memo: Sun Capital Case Study of Private Equity Looting

Today, private equity controls some 8,000 companies in the United States, more than twice as many companies as are publicly traded on U.S. stock markets. Private equity firms manage more than $4 trillion in U.S. assets and now own companies that collectively employ nearly 9 million American workers.

Like many PE firms, Sun Capital Partners often buys up existing businesses, loots their assets, squeezes workers, decimates jobs through layoffs and bankruptcy, and threatens workers’ retirement benefits. 

sign for the CFPB outside a building

Kraninger Lets Industry “Drive the Agenda” at CFPB Even During COVID-19 Pandemic

Kathleen Kraninger, the current director of the Consumer Financial Protection Bureau,  told an audience of bankers at a November  2019 industry gathering that “you are really helping drive the agenda.” Unfortunately for the public and for consumer financial protection, the Kraninger agenda and the Wall Street lobby’s priorities are indeed all too similar, and that has proved true even during the COVID-19 pandemic and massive economic distress it has produced.