Washington, D.C.- House Republicans’ vote yesterday to repeal the Consumer Financial Protection Bureau’s (CFPB) Section 1071 rule, which combats discrimination and increases transparency among small business lenders is yet another example of the agency’s opponents trying to undermine the work and efficacy of a popular agency, according to Americans for Financial Reform and a coalition of consumer advocates.
Washington, DC – House Financial Services Committee passed a series of bills this week that create light-touch rules for cryptocurrencies, limit investors’ and workers’ ability to hold corporations accountable, and hamper regulators’ ability to meaningfully participate in international governing bodies that set global standards for our financial system.
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 U.S. Chamber of Commerce and financial services lobby groups are misleading the Supreme Court that it could limit the damage and market destabilization that would result from upholding a radical, legally unprecedented Fifth Circuit Court ruling that the funding structure of the Consumer Financial Protection Bureau is unconstitutional.
Washington, D.C. — Ahead of upcoming House Financial Services Committee hearings on utilizing environmental, social, and governance (ESG) factors in investments, Americans for Financial Reform has submitted a letter for the record, backed by 58 organizations, that expresses strong opposition to the anti-ESG agenda. The letter specifically responds to a recent ESG Working Group memorandum on the subject and a series of bills they are proposing.
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.
