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.
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.
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.
The Federal Housing Finance Agency’s (FHFA) proposed rule to codify several existing measures to ensure a fair and accessible housing finance system will require housing giants Fannie Mae and Freddie Mac (the Enterprises) to collect and report information about mortgage applicants’ language preference, according to Americans for Financial Reform Language Access Task Force members.
A new stablecoins bill proposal being discussed today in Congress would fail to adequately address the many risks that the industry posed to consumers, investors and financial markets, according to Americans for Financial Reform, Demand Progress and a dozen consumer protection groups. The bill is a focus of today’s hearing held by the House Financial Services’ Subcommittee on Digital Assets, Financial Technology and Inclusion.
Washington, D.C. – The Consumer Financial Protection Bureau’s final rule implementing Section 1071 of the Dodd-Frank Act will allow better enforcement of fair lending laws and help increase access to sustainable credit for small businesses and women- and minority-owned small businesses in particular.
Washington, D.C. – The banking regulation plan outlined by the White House today is an absolutely necessary response to the financial instability triggered by the collapse of Silicon Valley Bank on March 10. But only continuing action by the president, the regulators, and Congress can achieve the changes necessary for a more equitable and stable financial system.
Washington, D.C. – The Securities Exchange Commission’s case against crypto trading platform Beaxy and its executives for operating an unregistered exchange will build out the ongoing effort by regulators to enforce laws on the books to stop harmful activities within the crypto industry, according to Americans for Financial Reform and Demand Progress.
The Second Circuit Court of Appeals today unanimously declared the funding structure of the Consumer Financial Protection Bureau (CFPB) is constitutional, rejecting the Fifth Circuit Court’s ruling in CFPB v. CFSA and writing that it “cannot find any support” for the Fifth Circuit’s ruling in Supreme Court precedent.
Washington, D.C. – President Biden vetoed a misguided Congressional Review Act resolution that sought to nullify a Department of Labor rule that protects workers and their life savings.