Statements and Press Releases Archives - Page 13 of 85

News Release: SEC Must Stand Up to Industry Attacks and Re-Propose Buybacks Rule

The Securities and Exchange Commission should re-propose its rule on disclosures of stock buybacks as soon as possible now that the unreasonably tight deadline for a court-mandated revision of the rule has passed. The Fifth Circuit Court of Appeals, alleging “defects” in a rule designed to bring transparency to stock buybacks, gave the SEC 30 days to revise the rule – an impossibly short time frame it then refused to extend upon the SEC’s request. The ruling came in response to a lawsuit by the Chamber of Commerce.

News Release: Consumer, Civil Rights, and Economic Justice Organizations Urge CFPB to Finalize Proposed Limits on Credit Card Late Fees

WASHINGTON, D.C. – A wide ranging coalition of 47 consumer, civil rights, and economic justice organizations called on the White House today to finalize a proposal by the Consumer Financial Protection Bureau to protect borrowers from excessive credit card late fees.

News Release: New Poll Shows Strong Support for Tough Regulation of Wall Street

Washington, D.C. – A new survey by a bipartisan set of pollsters, Lake Research Partners and Chesapeake Beach Consulting reveals support for tough regulation of the financial services industry and acute alarm at Wall Street’s move to buy up health care companies.

News Release: Medicare and Medicaid Agencies Finalize Strong Rule on Nursing Home Ownership Disclosure

Washington, D.C. – The Centers for Medicare and Medicaid Services’ decision requiring disclosure of nursing home ownership by real estate investment trusts (REIT) and private equity firms is an essential step towards enhancing transparency and accountability in the healthcare industry.

News Release: Federal Home Loan Bank System to Undergo Major Public Benefit Reforms in Modern Era

Washington, D.C. — Upcoming reforms to the Federal Home Loan Bank System will provide greater and more equitable public benefits under a detailed roadmap released last week by their regulator, the Federal Housing Finance Agency (FHFA). The welcome reform agenda is the result of national engagement of stakeholders on FHLBanks, for-profit entities that receive significant indirect public subsidies.

News Release: More than 100 Organizations Agree: Rein in Big Banks’ Use of Forced Arbitration

Washington, D.C. – More than 100 consumer protection, civil rights and organized labor organizations filed a comment asking the Consumer Financial Protection Bureau (CFPB) to create a rule to restore the right of all Americans to decide to file a case in court rather than be forced into arbitration by big banks and other financial services corporations.

News Release: Public Interest Groups Urge Strong Staffing Standards for Nursing Homes

Washington, D.C. – Americans for Financial Reform Education Fund and 21 allied organizations submitted a letter urging the Centers for Medicare and Medicaid Services (CMS) to pass the strongest possible rule mandating minimum staffing standards for long-term care facilities (CMS–3442–P). The letter also highlights the role of private equity firms, which own 11% of US nursing homes, and their particularly harmful business practices, like understaffing, that detract from resident care.

News Release: House Funding Bill Would Undermine Consumer Protections and Benefit Corporations

Washington, D.C. – House Republicans are moving forward with a funding bill (H.R. 4664) that would undermine much-needed consumer protections, roll back hard-fought reforms of Wall Street, and hamper our country’s ability to address the financial risks from climate change.

the outside exterior of the U.S. Treasury Department building

News Release: Regulators Should Swiftly Use New Guidance to Designate Risky Non-Banks

Federal agencies should move swiftly to identify systemically important financial institutions (SIFIs) for heightened scrutiny now that they have finalized a process for this designation process, according to Americans for Financial Reform Education Fund.

News Release: More Rigorous Data Needed To Understand the Impact of Insurers’ Climate Decisions on Consumers

Treasury’s Federal Insurance Office (FIO) took an important initial step this week toward understanding how climate change is affecting homeowners insurers’ coverage and pricing decisions for consumers. Disappointingly, the notice of data collection was scaled back from earlier proposals, omitting queries critical to fully understanding the nature of the ongoing insurance crisis.