The Department of Education’s actions today halt harms to borrowers that should never have happened. The Department must act next to affirmatively improve borrowers’ realities. The Trump administration, through executive action, made Total and Permanent Disability discharges automatically available to eligible veterans unless they opted-out. The Biden Administration must similarly act to make TPD discharges automatic for the estimated 400,000 borrowers eligible for relief who have not yet received it.
AFR joins 338 groups representing all 50 states and the District of Columbia called for Congress to support a resolution to overturn rule that fosters loans with triple-digit interest rates that evade state and voter-approved interest rate caps
WASHINGTON, D.C. – March 24, 2021 – New concerns are being expressed today by a wide-ranging group of organizations and experts who are urging the U.S. Supreme Court to uphold the rights and protection of investors against corporate misconduct. In a sign-on statement from 38 groups and individuals the authors warn the pending case “has potentially far-reaching and devastating implications” for investors and market integrity
Today, banking regulators announced that they would not be extending one of the largest elements of pandemic-related regulatory relief, the exemption that allowed banks to remove almost $2 trillion in government securities assets from their balance sheets for the purposes of complying with capital regulations. That was the right thing to do.
Will the U.S. Supreme Court allow investors defrauded by Goldman Sachs during the financial crisis to have their day in court? Or, will the Court rule in favor of Goldman Sachs and, in so doing, create a roadmap that publicly traded companies can use to make false and misleading statements that will harm Main Street investors and dramatically undermine market confidence by making it impossible for any investor to rely on the public statements of companies?
The American Federation of Teachers is advising its pension trustees with more than $3 trillion under management to review their private equity investments after a new report exposed the diminished returns and structural risks associated with the industry.
