Americans for Financial Reform and allies delivered a petition with over 60,000 signatures to the Federal Reserve Board of Governors (Fed), along with a letter signed by ten organizations. The petition and letter call on the Fed to address climate-related financial risks by issuing climate
AFREF sent a letter in support of proposals from both the Securities and Exchange Commission and Commodity Futures Trading Commission that would provide the agencies and by extension the Financial Stability Oversight Council with additional information from the $18 trillion private fund industry related to: more specific details about their holdings in digital assets, more granular data around derivatives and swaps that reference corporate debt and information about the base currencies their holdings are denominated in. Such information will help regulators ensure that they have a clearer picture into the holdings and risks posed by the $18 trillion private fund industry in order to be able to react proactively to any risks that may threaten the financial system.
Alex Martin is also a financial regulation specialist (see, we’re not way out over our skis) with a focus on climate. He works at Americans for Financial Reform where he is spending a lot of time looking to beef up support for the SEC’s climate disclosure rule.
Americans for Financial Reform is out with a blog post this morning blasting a coalition of big bank trade groups over their lawsuit against the Consumer Financial Protection Bureau seeking to reverse a new agency crackdown on discrimination in banking or banking services. They accuse the groups, including the U.S. Chamber of Commerce and Consumer Bankers Association, of “trying to drag their disputes with CFPB into a more favorable arena, namely a judiciary with a strong pro-corporate, right-wing bent.”
Ask a reasonable person if discrimination on the basis of race or religion is unfair. The odds are good – very good, according to this AFR poll, – that you’ll get a resounding “yes,” a polite “of course,” or even an incredulous “are you kidding?” Yes. Discrimination. Is. Unfair. But if you try to convince big-bank lobbyists that discrimination is unfair, you won’t get a “yes.” You get a lawsuit, with multiple awful lines of attack, that stands a good chance of succeeding. And that’s not satire.
FOR IMMEDIATE RELEASE MEDIA ADVISORY October 5th, 2022 CONTACT: Ada Recinos ada@amazonwatch.org (510) 473-7542 Senators, Climate Justice Groups, and Financial Regulation Watchdogs Urge CFTC to Rein In Voluntary Carbon Market Derivatives What: On Friday, October 7th, a coalition of climate justice and financial regulation advocacy
WASHINGTON-D.C. — A lawsuit filed by the Wall Street lobby attempts to use the increasing corrosion of the judiciary by right-wing judges to enshrine in law a right to discriminate, according to Americans for Financial Reform, a broad coalition of organizations that includes civil rights and racial justice groups.
AFREF joined a letter responding to a request for information from the White House Office of Science and Technology Policy about how federal agencies can better support collaboration with other levels of government, civil society, and the research community regarding the production and use of equitable data.
AFREF joined 91 coalition partners in sending a letter to the CFPB in support of banning all medical debt from consumer credit reports. The letter asks the CFPB to take a step further and address this issue by beginning the rulemaking process to ban medical for medically necessary services.
AFR joined a letter supporting the nomination of Karla Gilbride to serve as General Counsel of the U.S. Equal Employment Opportunity Commission.