News Category: AFR in the News
In the News: Consumers need the CFPB. Remember the Great Recession?
As Christine Chen Zinner, a senior policy counsel at the nonprofit Americans for Financial Reform, pointed out in an interview, the agency has been politically under siege since its creation. “We have a bad feeling about the direction that it’s going,” she said. “This is an agency that was created after a devastating financial crisis because there were regulatory gaps.”
In the News: Don’t Let Insurers Get Away With Fleecing Homeowners
As climate-fueled disasters escalate, insurers are getting richer while leaving Americans in the lurch. Citing climate-related losses, many insurance companies are exorbitantly inflating rates, refusing to renew policies, and delaying, denying, or underpaying claims.
In the News: More Fiduciaries Fight Back Against ‘Politically Motivated’ Anti-ESG Movement
In the News: SEC rule suspension is early gift for Trump’s oil and gas supporters
President Donald Trump’s energy secretary and two of his major donors won a key victory last week when the Securities and Exchange Commission moved to back off a rule requiring large companies to disclose their greenhouse gas emissions and any plans to reduce them.
In the News: ‘We are here to fight back’: hundreds protest suspension of US financial watchdog
Chants of “let us work!” rang out across the courtyard of the Consumer Financial Protection Bureau (CFPB) blocks away from the White House on Monday, as hundreds of angry protesters rallied against the Trump administration’s decision to suspend all operations at the US’s top financial watchdog – an agency that has clawed back more than $21bn from Wall Street for defrauded consumers.