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News Release: Regulators Cave to Banking Industry and Climate Deniers and Rescind Critical Evaluation of Climate Financial Risks
Last week, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (the “banking regulators”) rescinded the Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
The Latest from AFR
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Rising Property Insurance Premiums: The Uneven Risks to Household and Systemic Financial Stability
Introduction Property insurance is growing more expensive and harder to obtain throughout the U.S. Climate change and the rising costs of severe weather damage are a crucial cause, but racial and economic inequities within the property insurance market are an important part of the puzzle, and they have been too frequently overlooked. In particular, recent
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AFR in the News
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NetworkWorld: BlackRock’s $40B data center deal opens a new infrastructure battle for CIOs
Private equity firms have accounted for 80-90% of total data center merger and acquisition activity since 2022, according to a report by Americans for Financial Reform. Transaction values reached $73 billion in 2024, up from $26 billion in 2023, according to Synergy Research Group.
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The Well News: White House Budget Chief Announces Plan to Close Watchdog Financial Agency
“By shutting down the CFPB, Vought is just inviting big banks, predatory lenders, and Big Tech to nickel and dime working families, who are already struggling to make ends meet under Trumpflation.”
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Green Central Banking: US retreat from climate regulation could put economy under stress, experts say
“It’s easier to make an ideologically driven decision, to ignore the problem as it’s growing and manifesting, if you don’t have the expertise in the room,” said Alex Martin, policy director of climate finance at Americans for Financial Reform.
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Fact Sheet: CLARITY Act Worse than Last Year’s FIT 21 Crypto Deregulation
From Bad to WorseKey Differences Between Crypto-Backed CLARITY Act and FIT 21 Deregulation Click here for a PDF of this document. This year’s crypto market structure legislation promoted by the industry shares many of the flaws of last year’s crypto legislation, but the deregulatory elements in the Digital Asset Market Clarity Act of 2025 (H.R.
