News Release: Consumer Advocate Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application

Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter, the National Community Reinvestment Coalition (NCRC), the National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Fund, and the Center for Responsible Lending wrote to the Federal Deposit Insurance Corporation (FDIC) on Wednesday.

News Release: Federal Reserve and OCC Should Reject TD Bank’s Proposed Merger with First Horizon Bank, Groups Write in Comment Letter

Amid growing concern about corporate consolidation, the Center for Responsible Lending (CRL) and Americans for Financial Reform Education Fund are leading a letter calling for the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to reject a proposed merger between TD Bank and First Horizon Bank.

In The News: US trustbusters: why Joe Biden is taking on private equity

Natalia Renta, senior policy counsel at Americans for Financial Reform, a not for profit organisation, says: “The private equity lobby is bound to throw up smokescreens about what antitrust law can and cannot do, but that misses the point entirely. Higher prices and lower-quality care leading to increased mortality — both characteristics of sectors where private equity has amassed a presence — are indicators of market power, and that is precisely what antitrust law addresses.”

News Release: Voting Record Highlights Lawmaker Stands on Financial Reform in 117th Congress

Americans for Financial Reform released a record of votes during the first session of the 117th Congress regarding consumer protections, climate financial regulation, and Wall Street accountability. The report includes a selection of votes on legislation and on confirmations of President Biden’s nominees to positions important for financial regulation and Wall Street accountability. 

News Release: Coalition tells SEC Rules Must Stop Wall Street Greenwashing & Other Exaggerated Claims that Mislead Investors

More than 90 organizations—including the Action Center on Race and the Economy (ACRE) and Americans for Financial Reform Education Fund (AFREF) —submitted two comment letters to the Securities and Exchange Commission (SEC) today urging the agency to enshrine stronger rules for environmental, social, and governance (ESG) investing to stop the current practice of “greenwashing.”