Washington, D.C. – A growing chorus of legal experts and policymakers are raising the alarm about the Supreme Court agreeing with the payday lending industry and concluding that the funding mechanism that Congress created for the Consumer Financial Protection Bureau is unconstitutional.
Washington, D.C. – A ruling by the Supreme Court against the Consumer Financial Protection Bureau could imperil the functioning of numerous critical federal agencies that are funded outside of the annual appropriations process, a step that would worsen future government shutdowns and possibly impede the operations of the judiciary, according to Americans for Financial Reform and the former Republican chair of the Federal Deposit Insurance Corporation, Sheila Bair.
Washington, D.C. – The Federal Trade Commission’s recent action against private equity abuse in the healthcare industry is an important step in protecting patients and fostering competition in anesthesiology practices.
The impending oral arguments before the Supreme Court in the CFPB v. CFSA on Tuesday, October 3, will implicate not only a narrow pay-day rule but potentially years of CFPB enforcement work. Today, Americans for Financial Reform Education Fund (AFREF) and the Constitutional Accountability Center (CAC) are sharing evidence of the wide range of CFPB rules and enforcement actions that could be affected by the Supreme Court’s decision.
WASHINGTON – D.C. – Consumer advocates at the National Consumer Law Center (NCLC), Community Catalyst, Americans for Financial Reform, National Association of Consumer Advocates, RIP Medical Debt, U.S. PIRG, and Colorado Center on Law and Policy cheer today’s announcement that the Consumer Financial Protection Bureau (CFPB) is proposing a prohibition on the reporting of all medical debts on credit reports.
Washington, D.C. – The Securities and Exchange Commission’s decision to finalize its “Names Rules,” proposed last year, is an important step towards addressing rampant greenwashing and other deceptive and misleading practices by investment funds.
Americans for Financial Reform, the Constitutional Accountability Center, and the Center for Responsible Lending held a press call on Wednesday, Sept. 13, to preview one of the most important cases coming before the Supreme Court this term: CFPB v CFSA, a constitutional challenge to the funding structure of the Consumer Financial Protection Bureau (CFPB). Oral arguments in the case are scheduled for Oct. 3.
A new report examines how Kohlberg Kravis Roberts & Co. and its affiliates have run three liquefied natural gas (LNG) investments.
Several organizations today joined together to express support for the Securities and Exchange Commission’s (SEC) rule last week that would better protect retirees and savers from the lack of transparency in the $25 trillion private fund industry that has allowed it to overcharge its investors for decades.
The new rules from the SEC’s will require that private funds – primarily private equity and hedge funds – must disclose all their fees and expenses in a clearer, standardized fashion so that investors on behalf of retirees and savers more clearly see what they are being charged for, and can better use this new information to negotiate against their fund advisers or take their money elsewhere.
Americans for Financial Reform is calling on Congress and banking regulators to address the repeated mishaps and losses in the $2.5 trillion syndicated “loan” market following a court ruling today. The 2nd circuit appeals court affirmed a lower court decision that syndicated loans are not securities and therefore banks are not liable for clear mis-statements and omissions when selling the debt to investors. The original case highlights the risky nature of the debt behind syndicated loans.