Washington, D.C. – New investor protections announced today by the Securities and Exchange Commission (SEC) have the potential to curb widespread practices that have allowed Wall Street’s $25 trillion private fund industry to harvest tens of billions in fees at the expense of public pensions, retirees, and other savers – all to the advantage of some of the richest people in the world.
WASHINGTON, D.C. — A coalition of advocacy groups today submitted multiple comment letters to the Financial Stability Oversight Council (FSOC) on two proposals that would strengthen its toolbox for addressing threats to financial stability, including those related to climate change, and make it easier to designate nonbank companies like asset managers and insurance companies as systemically important institutions that need enhanced regulation by the Federal Reserve Board. The comment periods on the proposals close on July 29.
Washington, D.C. – The Biden administration and Congress should use all available means to curb the increasingly harmful effects of private equity’s control of massive swaths of the healthcare sector, according to a new report from Americans for Financial Reform Education Fund.
WASHINGTON, D.C. – The U.S. Treasury Department’s Federal Insurance Office (FIO) today released a report on climate-related regulation and supervision of insurers. The report assesses the limitations of existing regulation and includes 20 recommendations.
Washington, D.C. – Wells Fargo has racked up a record of numerous egregious abuses against its own customers that are detailed in a new scandal tracker released by Americans for Financial Reform Education Fund.
New study by the American Antitrust Institute and Americans for Financial Reform Education Fund calls attention to the growing presence of private equity ownership in the home healthcare sector.