AFR and 30 civil rights, labor, community, consumer protection, and economic justice organizations sent a letter calling on the Senate to swiftly act to defend the statutorily mandated independence of financial regulators in the face of unprecedented attacks and firings of commissioners and board members.
Increasing the tax on corporate stock buybacks encourages investments in the real economy, discourages excessive executive compensation that widens economic inequality, and raises funds to protect healthcare, nutrition, and other programs that help working families. Raising the buybacks tax to 4 percent would generate $166 billion in revenue over the next decade, and encourage companies to reinvest in workers and innovation instead of inflating their share prices and juicing executive compensation.
AFR shared maps and statistics with the Senate Environment and Public Works Committee and the Senate Banking, Housing, and Urban Affairs Committee prior to two hearings this month on the insurance crisis, which is compounded by climate change.
View or download a PDF of the letter here. Americans for Financial Reform Education Fund submitted a statement for the record for a hearing held by the Health, Education, Labor, and Pensions Subcommittee of the House Education and Workforce Committee titled “Investing for the Future: Honoring
Public Citizen and Americans for Financial Reform Education Fund submitted a comment to the New York State Department of Financial Services (DFS) on its proposal to evaluate nonbank mortgage lenders in New York based on their performance in meeting the credit needs of the communities where they operate, including needs related to increasing climate risks on housing
Americans for Financial Reform Education Fund (AFREF) submitted a comment letter supporting a Consumer Financial Protection Bureau’s advanced notice of proposed rulemaking (ANPR) to provide relief to victims of coerced debt
Americans for Financial Reform and seven other public interest organizations submitted a letter urging U.S. Senators to oppose the nomination of Jonathan V. Gould to serve as Comptroller of the Currency.
Americans for Financial Reform Education Fund submitted testimony to the Connecticut General Assembly on a bill that would assess a five percent surcharge on insurers for policies that support fossil fuel infrastructure in the state. The funds collected would then help fund resilience and flood data transparency.
Congress created the Consumer Financial Protection Bureau to prevent another financial crisis, and for the past 14 years it has diligently served the public, held financial firms accountable, cracked down on junk fees, and protected people from financial rip-offs. The vehemence of the Wall Street, Big Tech, and predatory financial industry’s attacks on the CFPB are a testament to its effectiveness in successfully standing up for people.
Americans for Financial Reform Education Fund submitted a comment in support of the Federal Trade Commission’s proposed 6(b) study of large-scale single family home investors and the Commission’s plan to publicly disseminate information about homes owned by “mega investors,” defined as entities that own over 1,000 single family rental homes.