AFR and over 200 other organizations joined a letter urging President Biden to delay restarting student loan payments given the new Omicron variant and ongoing system failures.
AFREF joined a memo to ED establishing their obligation to support education in reentry as Pell has been reinstated for incarcerated individuals and more individuals who will now begin a postsecondary education inside will not finish their degree within the correctional setting and will instead have to finish during reentry. The paper also demonstrates the types of support Prison Education Programs (PEP) could provide to help with the ‘education continuum’ from college inside to education outside.
AFREF joined a letter urging the Biden Administration to immediately begin the process of implementing reforms outlined in the January 20th memo on “Modernizing Regulatory Review.”
AFREF joined over 100 other groups in sending a letter urging President Biden to cancel student debt.
At a town hall hosted by United for Respect and Americans for Financial Reform, workers and leaders across industries came out strongly in support of the Stop Wall Street Looting Act. The event focused on the devastating impact of private equity firms on the quality and quantity of jobs across industries.
AFREF joined a letter urging Ambassador Susan Rice to place a high priority on ensuring data-driven technologies, including algorithmic decision making, artificial intelligence, and machine learning increasingly used to make important decisions about people’s lives, protect civil rights, prevent unlawful discrimination, and advance equal opportunity.
“Whether it is preserving favored tax loopholes or forestalling more comprehensive reform, private fund executives spend on politics for the purpose of getting richer at the expense of everyone else,” Ricardo Valadez, private equity campaign manager at AFR, said.
Wall Street private equity and hedge funds pumped at least $627 million into the political process – campaign contributions and lobbying – during the 2019-2020 election cycle. The sum, amounting to about $858,000 each day, reflects the meteoric rise in the size and scope of the private funds industry, which has come to control vast swaths of the American economy over the last decade.
AFREF joined a letter to FHFA in response to the enterprise equitable housing finance plans request for input.
Many organizations have come out in support of the Stop Wall Street Looting Act, the first comprehensive reform of the predatory private equity industry. This legislation was introduced in Congress today.