Financial institutions like insurers, banks, and mortgage lenders, might raise prices or simply withdraw from major markets they deem environmentally risky. If that sounds trivial, consider that in the case of property insurance we’re already seeing these exclusions cover entire states.
Physical risks from climate change are growing, and the pace is accelerating. In 2023, the United States set an unfortunate record by experiencing 28 weather and climate disasters that each inflicted over $1 billion in damage.
Americans for Financial Reform Education Fund (AFREF) led a letter with 16 additional signatories urging the SEC to propose a rule requiring public companies to make human capital management disclosures as soon as possible. Investors are in desperate need of consistent, comparable, and decision-useful workforce information.
Americans for Financial Reform Education Fund (AFREF) sent a letter to the Treasury Department outlining principles, scope, and direction for the department’s development of a financial inclusion strategy. Developing a financial inclusion strategy is long-overdue and a necessary step to understand and begin to address the contributions of inequitable access to financial products and services for disadvantaged communities to the persistent racial economic inequality in the United States.
WASHINGTON, D.C. – The proposed Capital One purchase of Discover Financial Services threatens to raise credit card prices for consumers and further constrain credit access for communities around the country. Banking regulators and antitrust authorities must closely scrutinize this megamerger for the anticompetitive and anticonsumer impacts that would certainly justify blocking this takeover.
“Today’s concentrated markets and behemoth banking organizations are the result of a thirty-year run of mergers and consolidation,” said Patrick Woodall, senior fellow at the Americans for Financial Reform Education Fund. “It is time for the banking regulators to stop rubber-stamping these transactions and stand up for consumers, communities, and a more stable financial system by blocking this takeover.”
Americans for Financial Reform Education Fund (AFREF) submitted a comment letter to the Commodity Futures Trading Commission (“CFTC”) on its proposed guidance for designated contract markets (“DCMs”) on commodity characteristics that should be considered in terms and conditions for the listing of voluntary carbon credit
Washington, D.C. – The Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission’s (CFTC) expansions to the information collected by private funds over Form PF and Form CPO will provide both the agencies and the Financial Stability Oversight Council (FSOC) with greater visibility and early warning signs into portions of the $21 trillion private fund industry.
“It’s very incompatible with health care, especially today with movements toward improving quality care in health care, increasing the coordination among different types of health care providers, being very focused on patients and patient needs,” said Bob Seifert, senior fellow with Americans for Financial Reform.
Washington, D.C. – Private Equity Climate Risks is launching the Private Equity Energy Tracker, the first-of-its-kind, searchable portal that provides a catalog of the energy holdings of eight of the top North American private equity firms: KKR, The Carlyle Group (NGP), Brookfield (Oaktree Capital), The Blackstone Group, TPG Capital, Warburg Pincus, Apollo Global Management, and Ares Management. Collectively, they hold around $4.3 trillion in assets under management (AUM).