Americans for Financial Reform and Demand Progress joined other consumer advocacy and public interest organizations in sending a letter to Congress expressing opposition to H.R. 4763, The Financial Innovation and Technology for the 21st Century Act, a bill intended to create a market regulatory structure for digital assets.
Investor advocates counter that cutting out leveraged loans from the investor protections nearly all other investments enjoy is ridiculous. “Without securities laws, this market becomes a wild west of sorts,” says Andrew Park of Americans for Financial Reform. “The issue is not sophistication. Sophisticated investors couldn’t know themselves that the DOJ was investigating Millennium for Medicare fraud.”
Please join the Americans for Financial Reform Education Fund (“AFREF”) to discuss lessons learned from stressed conditions in banking during 2023. Keynote speaker Graham Steele, Assistant Secretary of the Treasury for Financial Institutions, will speak to the takeaways for bank regulation and oversight, followed by a distinguished panel of banking, financial regulation and climate finance experts moderated by AFR-AFREF’s Advocacy & Legislative Director Renita Marcellin
Amidst a whirlwind of anti-ESG activity at the House Financial Services Committee this month, labor leaders and allies reminded Capitol Hill that workers’ hard-earned money is at the center of this controversy. The off-the-record briefing for Hill staff — titled “Protecting Workers’ Retirement Security from Anti-ESG Attacks” — was planned by Americans for Financial Reform and sponsored by the Senate Health, Education, Labor, and Pensions (HELP) Committee.
“The International Monetary Fund, the Federal Reserve, and the Bank for International Settlements have been warning of the risk of the growing leveraged loan market for several years. Despite this it has continued to grow,” said Andrew Park, senior policy advisor at the investor advocacy group Americans for Financial Reform.
“What we hear most from those opposed to higher capital requirements has been fairly qualitative and not grounded in robust data,” said Alexa Philo, a senior policy analyst for the consumer advocacy group Americans for Financial Reform and former Federal Reserve bank examiner. “I have not seen a credible data driven study that makes this case.”
Today, Our Senior Policy Counsel, Caroline Nagy, testified before the HFSC, Housing and Insurance Subcommittee titled “How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing.”
AFR’s Senior Policy Counsel, Caroline Nagy, Testified Before the HFSC, Housing and Insurance Subcommittee.
Doctored by Wall Street: Policy Solutions for Private Equity in Healthcare A growing body of evidence has demonstrated that the private equity business model is incompatible with healthcare. AFR’s Policy Team has developed a set of policy recommendations to address private equity’s role in healthcare,
Today, our Senior Policy Analyst, Alexa Philo, testified before the U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy titled “Bank Mergers and the Economic Impacts of Consolidation.”