WASHINGTON, D.C. – The Securities and Exchange Commission’s (SEC) new investor-protection regulation on climate-related disclosure will provide a measure of new data but represents a significant – and disappointing – retreat from the agency’s strong 2022 proposal which garnered near-unanimous investor support.
WASHINGTON, DC — Capital One should not be allowed to buy Discover, 22 advocacy groups said Tuesday in a letter to banking regulators and antitrust officials.
Alexa Philo, senior policy analyst, banking, systemic risk, and economic & racial justice at Americans for Financial Reform, participated in the second panel, titled “Resolving Failing Banks.” This panel explored the weaknesses exposed in the current approach to resolving failing banks and potential solutions.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau will prohibit excessive credit card late charges in a move that underscores its commitment to defend consumers from junk fees – and save them $10 billion in the process.
“There are changes that fiddle at the edges of a problem and there are reforms like this one that will save consumers billions each year by slashing a particularly nasty kind of junk fee,” said Amanda N. Jackson, director of consumer campaigns at Americans for Financial Reform, which has advocated for stronger federal financial regulation.
Americans for Financial Reform Education Fund (AFREF) submitted a comment letter on The Board of the International Organization of Securities Commissions (IOSCO)’s Consultation Report outlining a proposed set of Good Practices to promote the integrity and orderly functioning of Voluntary Carbon Markets (VCMs). IOSCO has
“Steward is a prime example of private equity’s business model of extracting short-term profits from entities before selling them off,” said Robert Seifert, senior fellow at Americans for Financial Reform. “In the case of health care, this can leave critical service providers worse off financially, with more money going to Wall Street and less toward long-term viability, hospital staffing, and patient care,” he added.
Americans for Financial Reform Education Fund (AFREF) led a letter with 13 additional signatories urging the SEC to repropose the stock buybacks disclosure rule to provide investors with information about this widespread yet opaque practice. This important rule was struck down by the Fifth Circuit Court of Appeals following a challenge by the Chamber of Commerce.
Washington, D.C. – The lawsuit to block the merger of Kroger and Albertson, marks a critical step in safeguarding workers, consumers, and competition in the grocery business. This merger between two of the country’s largest grocery chains is bad news for all stakeholders, particularly in light of Albertsons’ $3.7 billion payout to private equity firm Cerberus Capital Management shortly after the merger was announced in 2022.
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.