But too much of what should be plumbing to serve the “real economy” of households and businesses has turned into an unstable, money-extracting casino dominated by powerful giants.
Advocacy
Resources
Updates
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Congress is Pushing Another Round of Risky Wall Street Bank Deregulation
Last month—and on the sixteenth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the fifteenth anniversary of the day the Consumer Financial Protection Bureau opened its doors—the House majority advanced legislation to weaken major safeguards established after the last financial crisis.
AFR in the News
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Bloomberg: Trump’s 401(k) Proposal Shows Evidence of Phony Public Support
The advocacy group Americans for Financial Reform drafted the form letter that Bergson signed and worked with partner groups to disseminate it, said Ericka Taylor, the organization’s co-executive director. She said she was unsurprised by the scale of the response.
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NJ Spotlight News: Banking bill is latest step back from financial crash protections
“It’s a huge package,” Oscar Valdés Viera, senior policy analyst for private equity and capital markets at Americans for Financial Reform, a group opposed to the bill, said by phone. “Basically it lets big banks take big risks and operate with higher levels of debt and with higher leverage,” Valdés Viera said. “It’s all being…
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Shelter Force: Everyone’s Talking About Private Equity in Housing: Here’s What You Need to Know
Southern Towers is a 2,346-unit complex in Alexandria, Virginia. Most of its tenants are Black and foreign-born, primarily from sub-Saharan Africa. Los Angeles–based private equity firm CIM Group acquired Southern Towers in September 2020 for $506 million, one of the largest multifamily deals nationally of the year.
