The Department of Treasury’s Federal Insurance Office (FIO) released a report revealing how climate change is making homeowners insurance more expensive and harder to obtain across the United States. The report analyzes zip code level data—much of which was also released—obtained from insurers by FIO and the National Association of Insurance Commissioners (NAIC).
State policymakers and pension officials should use all the tools at their disposal to protect public pensions from federal threats and safeguard their ability to make investment decisions that promote retirement with dignity and economic security, according to a new policy roadmap released by the Americans for Financial Reform Education Fund.
Today, the CFPB finalized a requirement to remove medical bills from most credit reports, prohibiting companies like Equifax, TransUnion, and Experian from sharing medical debt information with lenders and barring them from considering medical debts in their credit determinations.
Americans for Financial Reform applauds today’s announcement of action against the nation’s three largest banks, Bank of America, JPMorgan Chase, and Wells Fargo, for failing to protect consumers from widespread fraud and risky activity on Zelle, the most widely available peer-to-peer payment network.
The possible acquisition of drugstore chain Walgreens risks writing a new chapter in the long-running saga of private equity’s looting of the American retail sector, a trend that has caused the loss of over half a million jobs, numerous bankruptcies, and extensive consolidation that leads to higher prices, lower quality for consumers, and more precarious conditions for workers.
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CPFB) issued an important final rule on residential Property Assessed Clean Energy (rPACE), a form of green lending used to cover the cost of home improvements which is most commonly used for energy efficiency improvements and solar panel installations.
One day after a failed mega-merger attempt with Albertsons, Kroger launched plans to repurchase a massive $7.5 billion of their own stock, a clear effort to boost short-term stock prices and save CEO Rodney McMullen’s job by lining the pockets of its already wealthy shareholders.
More than 40 organizations are urging the reconfirmation of Caroline Crenshaw for another term at the Securities and Exchange Commission. The presence of principled voices such as Crenshaw’s at the SEC is absolutely critical, especially when the incoming Trump administration has signaled its intent to break from the tradition of selecting candidates on a bipartisan basis.
Today, the Consumer Financial Protection Bureau (CFPB) finalized new protections against overdraft fee abuses at the largest financial institutions, closing a decades-old loophole that allowed big banks to gouge their customers for an inexpensive service. The CFPB’s overdraft fee rule will reduce most overdraft fees from $35 per transaction down to $5, saving households in the United States $5 billion annually.
Today, the Senate Banking Committee will hold a hearing with Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), where lawmakers will hear testimony about the agency’s efforts to enforce and promote fairness, transparency, and competitiveness in the financial services that people rely on every day and hold accountable the Wall Street banks and financial predators that take advantage of vulnerable customers.