Treasury’s Federal Insurance Office (FIO) took an important initial step this week toward understanding how climate change is affecting homeowners insurers’ coverage and pricing decisions for consumers. Disappointingly, the notice of data collection was scaled back from earlier proposals, omitting queries critical to fully understanding the nature of the ongoing insurance crisis.
Washington, D.C. — The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency today released joint Principles for Climate-related Financial Risk Management for Large Financial Institutions that establish climate-related risk management expectations for banks with over $100 billion in assets.
The impending oral arguments before the Supreme Court in the CFPB v. CFSA on Tuesday, October 3, will implicate not only a narrow pay-day rule but potentially years of CFPB enforcement work. Today, Americans for Financial Reform Education Fund (AFREF) and the Constitutional Accountability Center (CAC) are sharing evidence of the wide range of CFPB rules and enforcement actions that could be affected by the Supreme Court’s decision.
Washington, D.C. – The Securities and Exchange Commission’s decision to finalize its “Names Rules,” proposed last year, is an important step towards addressing rampant greenwashing and other deceptive and misleading practices by investment funds.
New merger guidelines should confront the powerful and often insidious role played by Wall Street private equity in fostering monopolization across the American economy, according to a letter submitted by Americans for Financial Reform Education Fund. The letter, sent to the Department of Justice and the Federal Trade Commission, outlines concrete steps that authorities can take to combat the anti-competitive influence that private equity buyouts have had on industries as diverse as health care, retailing, fast food, and automotive services.
A new report examines how Kohlberg Kravis Roberts & Co. and its affiliates have run three liquefied natural gas (LNG) investments.