Americans for Financial Reform

Events: Lessons for Bank Regulation and Oversight from the 2023 Banking Stress

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

Blog: A Breath of Fresh Air Amidst “ESG Month”

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.

In The News: Are Leveraged Loans Securities? The Answer Could Upend a Trillion Dollar Market (Institutional Investor)

“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.

In The News: Are higher capital requirements bad for the economy? It’s complicated. (American Banker)

“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.”

Events: Caroline Nagy, AFR’s Senior Policy Counsel, Testifies Before the HFSC, Housing and Insurance Subcommittee

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.”

Congressional Testimony: Caroline Nagy, AFR’s Senior Policy Counsel, Testifies Before the HFSC, Housing and Insurance Subcommittee

AFR’s Senior Policy Counsel, Caroline Nagy, Testified Before the HFSC, Housing and Insurance Subcommittee.

Events: Doctored by Wall Street: Policy Solutions for Private Equity in Healthcare

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,

Events: Alexa Philo, AFR’s Senior Policy Analyst, Testified Before the Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy

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.”

Congressional Testimony: Alexa Philo, AFR’s Senior Policy Analyst, Testifies Before the Senate Banking, Housing and Urban Affairs Subcommittee

AFR’s Senior Policy Analyst, Alexa Philo, testified Before the Senate Banking, Housing and Urban Affairs Subcommittee on economic policy.

News Release: Bank Lobby Misleads Supreme Court on Financial Stability Implications of CFPB Case

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.