Statements and Press Releases Archives - Page 6 of 81

News Release: Groups Demand Open, Transparent Process for Capital One-Discover Merger Review

WASHINGTON, D.C. – A coalition of 30 community, consumer, civil rights, and public interest groups has called on federal bank and antitrust regulators to follow several critical procedural safeguards that will help ensure proper review of the proposed takeover of Discover by Capital One. The coalition includes Americans for Financial Reform, the National Community Reinvestment Coalition, the American Economic Liberties Project and Public Citizen.

News Release: SEC’s Final Climate Disclosure Rule Falls Far Short of What Investors Need

WASHINGTON, D.C. – The Securities and Exchange Commission’s (SEC) new investor-protection regulation on climate-related disclosure will provide a measure of new data but represents a significant – and disappointing – retreat from the agency’s strong 2022 proposal which garnered near-unanimous investor support.

News Release: Broad Coalition Of Advocacy Groups Urge Regulators To Block Capital One-Discover Deal In Joint Letter

WASHINGTON, DC — Capital One should not be allowed to buy Discover, 22 advocacy groups said Tuesday in a letter to banking regulators and antitrust officials.

News Release: Lower Late Fees Will Save Consumers $10 Billion

WASHINGTON, D.C. – The Consumer Financial Protection Bureau will prohibit excessive credit card late charges in a move that underscores its commitment to defend consumers from junk fees – and save them $10 billion in the process.

News Release: FTC Suit to Block Kroger-Albertsons Merger a Vital Step after Private Equity Looting

Washington, D.C. – The lawsuit to block the merger of Kroger and Albertson, marks a critical step in safeguarding workers, consumers, and competition in the grocery business. This merger between two of the country’s largest grocery chains is bad news for all stakeholders, particularly in light of Albertsons’ $3.7 billion payout to private equity firm Cerberus Capital Management shortly after the merger was announced in 2022.

News Release: Regulators Should Block Proposed Capital One-Discover Merger

WASHINGTON, D.C. – The proposed Capital One purchase of Discover Financial Services threatens to raise credit card prices for consumers and further constrain credit access for communities around the country. Banking regulators and antitrust authorities must closely scrutinize this megamerger for the anticompetitive and anticonsumer impacts that would certainly justify blocking this takeover.

News Release: Researchers Unveil Searchable Database of Top Private Equity Energy Portfolios

Washington, D.C. – Private Equity Climate Risks is launching the Private Equity Energy Tracker, the first-of-its-kind, searchable portal that provides a catalog of the energy holdings of eight of the top North American private equity firms: KKR, The Carlyle Group (NGP), Brookfield (Oaktree Capital), The Blackstone Group, TPG Capital, Warburg Pincus, Apollo Global Management, and Ares Management. Collectively, they hold around $4.3 trillion in assets under management (AUM).

News Release: 82 Democratic Members of Congress Urge Biden to Name Postal Board Nominees to “Protect and Expand” a Public USPS, endorsed by 36 public-interest groups

Washington, D.C. – Eighty-two Democratic members of the House of Representatives signed a letter sent to President Biden today urging him to swiftly nominate two new public-service-minded members to the USPS Board of Governors. Thirty-six public interest groups, including Americans for Financial Reform, Public Citizen, Main Street Alliance, Revolving Door Project, Social Security Works, and Voter Action Project, endorsed the letter.

News Release: Steward Financial Crisis Demonstrates Private Equity’s Threat to Healthcare

Washington, D.C. – The sudden crisis in the Steward hospital system in Massachusetts is a cautionary – and outrageous – tale of how Wall Street’s predatory practices in health care can harm or destroy health institutions in the long term.

News Release: OCC’s Modest Merger Proposal Falls Far Short

Washington, D.C. – The minor changes proposed by the Office of the Comptroller of the Currency (OCC) to the bank merger review process fail to grapple with the harms of consolidation and are no substitute for a thorough rethinking of merger guidelines that have remained unchanged for the last three decades.