We push for rules to build resilience and enable a just and equitable transition. Requiring regulators, financial institutions, and other corporations to reckon with the costs of climate change is an important part of the puzzle.
The rising costs and decreased availability of insurance as a result of increasingly severe climate change-driven disasters, coupled with inadequate insurance regulation, is a growing crisis contributing to housing unaffordability. We are bringing people together to develop and demand community-led solutions that advance climate, housing, and racial justice.
Advocacy
Resources
Blog
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Blog: On Community Development, Bank Regulators Are Stuck in 1995
Banking has changed a lot since 1977, but CRA regulations have not been meaningfully updated in three decades. In 2023, the banking regulators modernized the old brick and mortar banking rules for the modern era and strengthened CRA performance evaluations. Under new Trump-appointed leadership, regulators are now inexplicably walking away from these improvements.
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Press Releases
Press Release: New Report Exposes Widespread Unfairness of Rising Property Insurance Premiums
The escalating crisis of home insurance availability and affordability, driven by climate change and extractive and unfair insurance industry practices, is undermining household financial stability especially for lower-credit score borrowers and people of color, according to a new report from Americans for Financial Reform Education Fund (AFREF) and Public Citizen.
AFR In the News
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Green Central Banking: US retreat from climate regulation could put economy under stress, experts say
“It’s easier to make an ideologically driven decision, to ignore the problem as it’s growing and manifesting, if you don’t have the expertise in the room,” said Alex Martin, policy director of climate finance at Americans for Financial Reform.
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Bloomberg: Trump Administration Scraps Oversight Groups on Climate and Financial Risk
“The inconvenient truth is that climate change is wreaking havoc and throwing property insurance markets into crisis,” said Alex Martin, policy director for climate finance at Americans for Financial Reform Education Fund.
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In the News: What U.S. weather agency cuts mean for P&C
