Statements and Press Releases Archives - Page 23 of 86

News Release: Treasury’s climate report light on specifics, regulators must go much farther, faster

The U.S. Treasury Department released its climate finance report on Thursday evening following a meeting of the Financial Stability Oversight Council (FSOC) where members voted to approve the report. Though strong in some areas like climate risk disclosure and scenario analysis, the report largely highlights agency actions that are already underway, and it fails to lay out a comprehensive roadmap with specific recommendations and timelines for regulators to consider beyond the assessment and disclosure of climate risk, Americans for Financial Reform (AFR) and Public Citizen said.

News Release: Statement on Facebook’s Scaling of Cryptocurrency Efforts

Following reports that Facebook is scaling up its cryptocurrency efforts with the launch of a pilot of its cryptocurrency wallet “Novi”, Demand Progress Education Fund and Americans for Financial Reform Education Fund released the following joint statement.

News Release: Private Equity Reform Needed to Curb Worker Abuse as Industry Explodes

The Stop Wall Street Looting Act would rewrite the rules that shape the private equity industry, which now has about $7.1 trillion in assets and wealth under its control, so that regulation and market incentives promote productive, sustainable investment, not the wealth extraction that now is all too common.

News Release: 40,000 petitioners to Yellen: Time for bold climate action in new report

Public Citizen, Sierra Club, 350.org, Americans for Financial Reform, Evergreen Action, and Action Center on Race and the Economy today delivered more than 40,000 petition signatures to U.S. Treasury Secretary Janet Yellen demanding that an upcoming report highlight the gravity of climate threats to our financial system and identify concrete steps that financial regulators should take to address them.

News Release: Groups Tell Treasury To Act Now on Climate Risk

Public Citizen and Americans for Financial Reform (AFR) released detailed policy recommendations today to the U.S. Department of the Treasury for its forthcoming report on climate-related financial risk.

News Release: Labor Department: Retirement Plans and Pensions Right To Consider Sustainability, Jobs, Equity, Workers

Americans for Financial Reform Education Fund (AFREF) applauds the Labor Department for issuing this proposal to better allow and encourage retirement plans and pensions to consider sustainability factors like workers’ rights, racial justice, corporate governance, and climate change when investing.

a student with books - Photo by Element5 Digital on Unsplash

News Release: Statement: AFR Applauds Administration’s Overhaul of the Broken Public Service Loan Forgiveness Program

Americans for Financial Reform (AFR) applauds the Department of Education’s recent announcement that it will take steps needed to overhaul the broken Public Service Loan Forgiveness (PSLF) program.

News Release: AFR Applauds the Confirmation of Rohit Chopra to the CFPB

AFR applauds the confirmation of Rohit Chopra as Director of the CFPB.

News Release: Companies Backed by Giant Private Equity Firms Received $5.3bn in COVID-19 Stimulus Funds

Hundreds of companies owned or backed by some of the most well financed private equity firms in the US secured an estimated $5.3 billion in public funds under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), reveals a new investigation published today.

News Release: Committee Tax Plan Falls Short of Need to Advance Racial and Economic Justice

Today, the House Ways and Means committee released its draft plan for the Build Back Better economic package. It includes many crucial spending items, and some positive tax provisions. But, overall, it fails to meet the moment. Among other things, the package leaves out revenue-raising proposals from the Biden administration that would advance racial and economic justice. We need more dramatic change to the status quo, which benefits Wall Street and the super-rich and harms the rest of us.