Americans for Financial Reform

Government Category: Advocacy Documents

Joint Statement: 103 Organizations Agree – Congress Needs to Cancel Student Debt

Today, 103 civil rights, consumer and advocacy organizations and think tanks sent a joint letter to House and Senate leadership, urging them to include student debt cancellation in the next economic stimulus package.

Led by American for Financial Reform, Demos, Center for Responsible Lending and Freedom to Prosper, the letter stresses the ways that if left unaddressed, the student debt trap will deepen our current recession, slow our economic recovery, exacerbate inequality, and deepen a crisis already facing black and brown borrowers and families.

JOINT LETTER: 19 Organizations and Individuals Call on Labor Department to Withdraw Policy that Lets Private Equity Loot Retirement Plans

The undersigned groups, which advocate on behalf of consumers, workers, investors, and retirees, write to express our grave concerns regarding the Department’s June 3rd information letter concerning the use of private equity investments in designated investment alternatives made available to retirement savers through individual account plans, such as 401(k) plans.