The Republican-led House Financial Services Committee is devoting its first hearing of the new Congress to destroying a CFPB final rule that would slash a particularly abusive big-bank junk fee – overdraft charges – from $35 down to $5, which would save people $5 billion each year, or $225 per household.
The Private Equity Climate Risks project unveiled an update to its public database of the energy holdings of 20 of the world’s largest private equity firms, the Private Equity Energy Tracker, bringing into focus the latest state of private equity investments in the energy sector.
Dozens of consumer protection, community development, environmental, climate, and racial justice advocates have joined together to form the Equitable & Just Insurance Initiative, a coalition that aims to develop solutions that can guide community leaders and policy advocates working to address the climate-driven insurance crisis.
President Donald Trump today caved in to pressure from Wall Street and Big Tech and fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. During the campaign, Trump dangled measures like caps on credit card interest rates, Trump is now sacking someone whose years of work on behalf of consumers benefited families across the country.
The Department of Treasury’s Federal Insurance Office (FIO) released a report revealing how climate change is making homeowners insurance more expensive and harder to obtain across the United States. The report analyzes zip code level data—much of which was also released—obtained from insurers by FIO and the National Association of Insurance Commissioners (NAIC).
State policymakers and pension officials should use all the tools at their disposal to protect public pensions from federal threats and safeguard their ability to make investment decisions that promote retirement with dignity and economic security, according to a new policy roadmap released by the Americans for Financial Reform Education Fund.