Category Archives: Statements and Press Releases

News Release: New Scorecard Shows Private Equity’s Race to the Bottom on Climate

The Carlyle Group, Warburg Pincus, and KKR are the top three offenders on climate among private equity firms, continuing to invest in polluting industries and exposing investors to significant climate-related risk, according to a new scorecard developed by the Private Equity Stakeholder Project (PESP) and Americans for Financial Reform Education Fund (AFREF). 

News Release: CFTC Should Have Narrow Role in Crypto to Preserve SEC Primacy

WASHINGTON, D.C. – Americans for Financial Reform and two leading financial regulatory experts, sent a detailed letter to the US Senate Committee on Agriculture, Nutrition and Forestry, highlighting major shortcomings in a new bill, the Digital Commodities Consumer Protection Act of 2022 (S. 4760/H.R. 8730).

Federal reserve board

News Release: Fed Regulators Need to Roll Back Damage, Envision Better Rules

The Federal Reserve should move quickly to reverse Trump-era deregulatory measures, complete rules required under the 2010 Dodd-Frank law, and tackle challenges to improve fairness and equity in the financial system, according to Renita Marcellin, senior policy analyst at Americans for Financial Reform.

News Release: Consumer Advocate Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application

Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter, the National Community Reinvestment Coalition (NCRC), the National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Fund, and the Center for Responsible Lending wrote to the Federal Deposit Insurance Corporation (FDIC) on Wednesday.

News Release: Voting Record Highlights Lawmaker Stands on Financial Reform in 117th Congress

Americans for Financial Reform released a record of votes during the first session of the 117th Congress regarding consumer protections, climate financial regulation, and Wall Street accountability. The report includes a selection of votes on legislation and on confirmations of President Biden’s nominees to positions important for financial regulation and Wall Street accountability. 

News Release: SEC Takes on Mutual Fund ‘Greenwashing’ with New Transparency Rules

WASHINGTON — As the Securities and Exchange Commission (SEC) closes a comment period on two proposed rules that would create a standard framework for funds classified as environmental, social, and governance (ESG), advocacy groups today called on the agency to adopt stricter standards for the fastest-growing investment asset sector in the world.