Category Archives: Statements and Press Releases

Department of Labor Building

News Release: Proposed Retirement Security Rule is Major Step Forward for Retirement Savers 

Washington, D.C. –  The following steering group members of the Save Our Retirement coalition – AARP, AFL-CIO, AFSCME, Americans for Financial Reform, Better Markets, Center for American Progress, Consumer Federation of America, Economic Policy Institute, and Pension Rights Center – issued  the following statement applauding the Department of Labor (DOL) for holding a public hearing  on the proposed Retirement Security Rule:

News Release: New Effort Aims to Demystify Responsible Investing

WASHINGTON, DC – Amidst growing concerns over climate risks and the spread of corporate-financed disinformation campaigns around the use of environmental, social, and governance (ESG) factors in investing, Americans for Financial Reform Education Fund (AFREF) and Take On Wall Street launched: This website provides clear, accurate information on the importance of ESG investing for individual investments and overall portfolio health. 

News Release: FSOC Annual Report Includes Climate and Insurance Risk

The Financial Stability Oversight Council (FSOC) issued its 2023 annual report, noting that escalating climate change-driven disasters are “imposing significant costs on the public and the economy, with economic costs from climate change expected to grow.” Building on its 2022 report and the tumultuous year

SEC Building

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.