Letters to the Administration: Letter to President Biden to Extend the Payment Pause
AFREF joined a letter calling on President Biden to extend the payment pause on student loans.
News Release: Marty Gruenberg’s Nomination to Lead FDIC Serves the Public Interest
“We applaud the nomination of Marty Gruenberg to once again lead the Federal Deposit Insurance Corporation. His longstanding commitment to prioritizing the needs of all families and communities, and his depth of experience and knowledge make him an excellent choice.”
Letters to Regulators: Letter to FHA on Language Access
AFREF joined a letter calling on FHA to strengthen language access for borrowers with limited English proficiency.
News Release: Supreme Court Should Hear, and Reverse, Erroneous Decision on CFPB
It is urgent that the Supreme Court hear the Consumer Financial Protection Bureau appeal of an erroneous decision that declared the funding mechanism of this vital federal agenda unconstitutional.
Letters to Regulators: Letter in Response to the Department of Commerce’s RFI on the Implementation of the CHIPS Incentives Program
AFREF led thirteen partners in submitting a comment letter in response to a Department of Commerce request for information on the implementation of the CHIPS incentives program. The letter describes how stock buybacks and outsized executive compensation packages undermine innovation and inclusive economic growth, and details the semiconductor industry’s track record of massive spending on stock buybacks and CEO compensation. It then recommends bright-line rules to restrict stock buybacks and executive compensation, as well as pro-worker policies that would promote innovation and inclusive economic growth.
News Release: Collapse of Major Crypto Exchange FTX Is a Reminder of Crypto’s Instability
FOR IMMEDIATE RELEASE November 8, 2022 CONTACT: Carter Dougherty carter@ourfinancialsecurity.org (202) 251-6700 Collapse of Major Crypto Exchange FTX Is a Reminder of Crypto’s Instability Consumer Advocacy Groups Urge Regulators to Step Up Scrutiny; Warn Congress to Avoid Watered-Down Policy Responses Washington, DC – Today’s announcement
Letters to Regulators: CFTC Must Address Climate Risk, Carbon Offsets
Americans for Financial Reform Education Fund (AFREF) submitted two comments to the Commodity Futures Trading Commission (CFTC) in response to their request for information on climate-related financial risk as pertinent to the derivatives markets and underlying commodities markets. A coalition letter submitted jointly by AFREF, Amazon Watch,
In The News: Albertsons wants to issue a $4 billion ‘special dividend.’ Critics call it ‘looting.’ (The Washington Post)
“Private equity firms have a long track record of being extractive — that is, extracting wealth from their portfolio companies,” said Carter Dougherty, spokesman for the Americans for Financial Reform, which advocates for regulation of private equity. “When you see Cerberus shaking $4 billion out of a company in a difficult industry like groceries, it’s not out of bounds to say this is yet another episode of industry abuses.”