Washington, D.C. – The Federal Trade Commission (FTC) and Department of Justice’s (DOJ) issued strong final merger review guidelines that are a crucial step towards addressing the surge in market consolidations largely fueled by private equity leveraged buyouts.
Washington, D.C. – The following steering group members of the Save Our Retirement coalition – AARP, AFL-CIO, AFSCME, Americans for Financial Reform, Better Markets, Center for American Progress, Consumer Federation of America, Economic Policy Institute, and Pension Rights Center – issued the following statement applauding the Department of Labor (DOL) for holding a public hearing on the proposed Retirement Security Rule:
WASHINGTON, DC – Amidst growing concerns over climate risks and the spread of corporate-financed disinformation campaigns around the use of environmental, social, and governance (ESG) factors in investing, Americans for Financial Reform Education Fund (AFREF) and Take On Wall Street launched: ESGexplainer.org. This website provides clear, accurate information on the importance of ESG investing for individual investments and overall portfolio health.
The Financial Stability Oversight Council (FSOC) issued its 2023 annual report, noting that escalating climate change-driven disasters are “imposing significant costs on the public and the economy, with economic costs from climate change expected to grow.” Building on its 2022 report and the tumultuous year
ESG advocacy — Americans for Financial Reform Education Fund and Take On Wall Street are launching esgexplainer.org. They say it’s an attempt at “educating Americans about responsible investing” and “dispelling myths” about ESG.
Washington, D.C. – Tomorrow morning, the Seventh Circuit Court of Appeals will hear oral arguments in the appeal of a fair lending enforcement action brought by the Consumer Financial Protection Bureau (CFPB) against Chicago mortgage lender Townstone Financial.
In September, the Centers for Medicare and Medicaid Studies (CMS) issued a rule that would require a minimum staff to patient ratio in nursing homes. This is a historic action by the Biden Administration. However, the ratio must be stronger to protect residents and workers.
View or download a PDF of the letters here: Fed, FDIC, OCC Long-Term Debt Requirements Fed, FDIC Guidance for Resolution Plan Submissions FDIC, Resolution Plans for Insured Depository Institutions AFREF submitted comments supporting proposals from the Federal Reserve, the Federal Deposit Insurance Corporation, and the
New report highlights stark discrepancy between Brookfield’s reported emissions and its actual carbon footprint.
The Americans for Financial Reform Education Fund (AFREF), the Institute for Policy Studies, Jobs to Move America, Communications Workers of America, United for Respect, and Take on Wall Street wrote a comment letter to the Office of Management and Budget (OMB) to recommend it be made explicit – in guidance accompanying the final rule – that local and state officials may take responsible action to consider stock buyback expenditures, exorbitant CEO pay, and private equity-driven leveraged buyouts and drastic cost-cutting when awarding federal funds.