New study by the American Antitrust Institute and Americans for Financial Reform Education Fund calls attention to the growing presence of private equity ownership in the home healthcare sector.
AFREF submitted comments to the Office of Information and Regulatory Affairs on its proposal to modernize the regulatory process to better account for racial and economic inequality, climate change, and other factors within economic analysis; and improve transparency and empower and benefit members of marginalized communities through the regulatory process.
AFR sent a letter to members of Congress opposing several capital markets bills that fail to address the inherent lack of information and protections in investing in private offerings while opening the door for more investors to have access to such products by using these proposed pathways to become an “accredited investor”.
AFR’s Advocacy and Legislative Director Renita Marcellin testified before the NY State Senate Standing Committee on Banks.
Despite being in a legal fight for its very existence, the Consumer Financial Protection Bureau continues to carry out its mission to promote fairness and transparency in our financial system and ensure that consumers are protected from predatory and deceptive practices. Its ability to perform under pressure is one more reason why we need a strong CFPB.
“Wall Street will face renewed scrutiny from the American public about the privileges it enjoys thanks to a political system that for far too long went along with what the industry wanted, no matter the costs to the rest of us,” said Lisa Donner, executive director of Americans for Financial Reform.
Washington, D.C. – The House Financial Services Committee faces a critical decision as it prepares to vote on a series of bills in tomorrow’s markup. These proposed bills, if passed, would undermine the financial system, families saving for retirement, and everyday investors.
AFR sent a letter opposing H.R. 3556 “Increasing Financial Regulatory Accountability and Transparency Act,” a bill supposedly to make the Fed more transparent, which will instead hamstring the Financial Stability Oversight Council’s (“FSOC”) ability to effectively monitor risk in the financial system. This bill would subject the FSOC’s designation authority to Congressional review, which would allow any firm the FSOC designates as systemically important to lobby Congress to rescind the FSOC’s designation. This would render the FSOC designation authority under the Dodd-Frank Act futile and unnecessarily politicize the agency’s efforts to monitor companies that pose an outsized risk to our financial system. This bill comes at the heels of the FSOC’s announcement to reinvigorate its designation process, a welcome step in preventing the next financial crisis.
Washington, D.C. – A new report released today, “Banking Fair: The Promise and Urgency of Doing Postal Banking Right,” calls for a public banking option to be restored within the U.S. Postal Service. USPS has a long history as a public service institution, despite the seeds of privatization sown by Republican presidents and Congress since 1970.
AFR submitted this letter in opposition to H.R. 3564, which would make mortgages more expensive for many middle-class American families. H.R. 3564 would rescind the FHFA’s more equitable mortgage pricing framework and instead require the FHFA to increase fees for many first-time home buyers and those who do not have a 20% down payment.