The Cost of the 2008-2010 Financial Crisis in Sixteen Charts
Sixteen charts showing the lasting impact of the financial crisis on family finances and inequality.
Category Archives: Publications
Private Equity Industry Poised to Profit from the Federal Reserve’s New Lending Programs
Private equity funds could access government assistance for their portfolio companies while avoiding any responsibility to repay any debt or obligations to the public purse. Private equity firms could also tap government aid to finance leveraged buyout purchases of additional companies, using public money to load target companies with debt and drain their assets while avoiding any responsibility for paying that debt back.
Policy Memo: Federal Reserve Lending Facilities for Private Companies and Securitizations
AFR Education Fund released the following policy memo analyzing the Federal Reserve’s unprecedented move to provide direct credit to states and localities. A pdf copy of the memo is available here. Review of New Federal Reserve Facilities On April 9th the Federal Reserve announced six
Policy Memo: Federal Reserve Lending Facility for States and Localities
AFR Education Fund released the following policy memo analyzing the Federal Reserve’s unprecedented move to provide direct credit to states and localities.
Private Equity Overstates Returns, Downplays Risks
The private equity industry promotes itself as serving the investing public — including union and other pension funds — by providing reliably superior returns than the stock market. But the reality is that PE investments are not necessarily better performers, their promises too often rely
News Release: CFPB’s Proposed Debt Collection Rule Faces Strong Bipartisan Opposition
Strong majorities across parties oppose the Consumer Financial Protection Bureau’s (CFPB) proposed debt collection rule including medical debt, according to a new poll released by Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). The poll was conducted by the bipartisan team of Lake Research Partners and Chesapeake Beach Consulting.
AFR/CRL Poll: CFPB Debt Collection Proposal Faces Strong Bipartisan Opposition
In its proposed rule, CFPB Director Kathy Kraninger is sanctioning consumer harassment by allowing debt collectors to: call consumers seven times per debt, per week; send unlimited emails, texts, and social media messages without consumer consent; allow debt collectors to collect very old “zombie debts” where the time to sue has expired; and file baseless lawsuits by making it easier to sue the wrong consumer, for the wrong amount.
Report: The Trump Administration, Wall Street, and the Next Recession
This report discusses how the long-term trend to Wall Street-led growth has been harming the public, and some of the ways the Trump Administration is contributing to it. In particular, the report discusses how today’s deregulation of Wall Street will make the next recession worse and increase the likelihood of repeating the bailouts we saw in response to the 2008 crisis.
AFR/CRL Poll Shows Wide Discontent With Mulvaney Path at CFPB
Voters of all political parties overwhelmingly oppose the actions taken by Mick Mulvaney to undermine the mission of the Consumer Financial Protection Bureau and feel a strong connection between lax enforcement of the rules on Wall Street and their daily welfare. Ten years after the 2008 financial crisis brought on a searing recession, the survey revealed enduring, strong, and bipartisan support for tougher regulation of Wall Street and predatory lenders.
Take On Wall Street Poll: Key Findings from Battleground Congressional District Survey on Curbing Wall Street’s Influence
A new nationwide survey of likely 2018 voters in key battleground congressional districts reveals overwhelming, broad-based, and intense support for curbing big banks’ influence in Washington, and holding financial companies accountable for discrimination.