Statements and Press Releases Archives - Page 13 of 86

News Release: Solicitor General’s Brief Condemns Fifth Circuit’s Unconstitutional Decision Against the CFPB

Washington, D.C. – The Solicitor General submitted today a brief supporting the Consumer Financial Protection Bureau (CFPB) in the case CFPB v. CFSA. The Supreme Court will hear the case this fall, reviewing a radical and unprecedented Fifth Circuit decision that held the CFPB’s funding structure unconstitutional and sided with predatory pay-day lenders over CFPB rulemaking designed to protect consumers.

News Release: SEC Brings Much-Needed, Long-Overdue Transparency to Stock Buybacks, But Falls Short of Initial Proposal’s Promise

The Securities and Exchange Commission (SEC) today finalized a plan to bring long-overdue transparency to the practice of companies buying back their own stock. However, the final rule weakened key aspects of the initial proposal.

News Release: SEC’s Expansion of Form PF Will Be Instrumental In Helping Regulators Identify Systemic Risks in the $25 Trillion in Private Funds

Washington, D.C. – The Securities and Exchange Commission (SEC) today finalized a plan to require private funds, which include hedge funds and private equity firms, to disclose more information about their investments to the SEC.

News Release: First Republic Sales Underscores Need to Handle Megabank Risk

Washington, D.C. – The sale of First Republic Bank to JPMorgan Chase this weekend has highlighted the urgency of strengthening guardrails around Wall Street megabanks while also laying the groundwork for a longer-term effort to reduce concentration in the banking sector.

News Release: Fed Report Underscores Need for Regulatory Policy Shift and Further Inquiry

Washington, D.C. – The report by the Federal Reserve on the collapse of Silicon Valley Bank only highlights the need for federal regulators to tighten oversight of banks as soon as possible to both remedy the errors of the past, and to forestall further financial contagion. At the same time, a fully independent probe of the Fed’s actions, including its leadership, remains vital.

News Release: House Hearings on Crypto Likely Another Missed Opportunity for Crypto Accountability

Washington, D.C. – New Congressional hearings today on crypto regulation will likely fail to adequately address the many risks that the industry posed to consumers, investors and financial markets by crypto assets and actors, according to advocates with Americans for Financial Reform and Demand Progress.

News Release: Probe of SVB Failure Must Scrutinize Role of Fed Chair Powell

Washington, D.C. – The investigation into the crisis unleashed by the failure of Silicon Valley Bank must scrutinize Federal Reserve Chair Jerome Powell’s role in the lead-up to the crisis, according to a fact sheet released by Americans for Financial Reform Education Fund.

News Release: Investigation Exposes Carlyle Group’s Hidden Climate Impact

A new investigation released today reveals that the Carlyle Group (Carlyle), a private equity titan with $373 billion in assets under management, has been quietly scooping up fossil fuel assets over the past decade, in contravention of its stated climate goals.

News Release: Broad Coalition Urges House Panel to Reject Bill that Defangs Consumer Watchdog

WASHINGTON, D.C. – Starting today at 10 AM ET, the U.S. House Committee on Financial Services will hold a markup and vote on several pieces of legislation, including a wide-ranging bill that would undermine the Consumer Financial Protection Bureau (CFPB) and support predatory lenders.

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

News Release: Repeal of Trump-Era Guidance Marks Key Step to Curbing Systemic Risk

Regulators should move promptly following the repeal of Trump-era guidance that hamstrung the Financial Stability Oversight Council (FSOC) to research, identify and designate potential new systemic risks, according to Americans for Financial Reform Education Fund.