Private equity does not deliver the superior returns that its advocates insist justify pension fund investment in this sector, and would be highly risky for retail investors, according to a new report published by the AFT and Americans for Financial Reform Education Fund.
FOR IMMEDIATE RELEASE: July 2, 2025 CONTACT: Carter Dougherty, carter@ourfinancialsecurity.org Trump CFPB Abandons Settlement Against Massive Credit Union on Illegal Overdraft FeesNavy Federal harmed active duty servicemembers, veterans, and DoD civilian employees WASHINGTON, DC — This week, the Trump Consumer Financial Protection Bureau (CFPB) terminated its previous order for the Navy Federal Credit Union to
View or download a PDF of the letter here. Americans for Financial Reform Education Fund submitted a statement for the record for a hearing held by the Health, Education, Labor, and Pensions Subcommittee of the House Education and Workforce Committee titled “”Investing for the Future: Honoring ERISA’s Promise to Participants.”” The statement urges members to refrain
Today, the Office of the Comptroller of the Currency (OCC) announced its withdrawal from participation in the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The climate principles covered large banks with over $100 billion in assets and were released jointly in 2023 by all three federal bank regulators: the OCC, the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC).
In a webinar hosted by Americans for Financial Reform Education Fund (AFREF) and The Horizon Project, leading labor and state officials laid out strategies to protect public pensions from federal attacks and deploy state pension power to grow a strong economy for retirees, workers, and the public.
The California State Insurance Commissioner Ricardo Lara approved a $1 billion bailout of the state’s FAIR (Fair Access to Insurance Requirements) plan to help cover over 3,400 claims it has received due to the devastating Los Angeles fires. The FAIR plan provides insurance to consumers who were dropped by their private insurers.