AFREF joined the National Community Reinvestment Coalition, the National Consumer Law Center (on behalf of its low-income clients) and the Center for Responsible Lending in sending a letter to the FDIC saying that Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter.
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.
AFREF and CRL led 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.
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.”
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.
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.”
WASHINGTON — As the Securities and Exchange Commission (SEC) closes a comment period on two proposed rules that would create a standard framework for funds classified as environmental, social, and governance (ESG), advocacy groups today called on the agency to adopt stricter standards for the fastest-growing investment asset sector in the world.
AFREF sent a letter to the Securities and Exchange Commission supporting its proposal to treat index providers as investment advisers given the many traits of index providers that resemble investment advice.
Such proposals are necessary as index funds have grown to become a multi-trillion dollar industry but one whose decisions to include or exclude issuers from the indices, and which many fund managers must closely follow, remain opaque and feature a number of conflicts-of-interest.
As the Securities and Exchange Commission (SEC) closes a comment period on two proposed rules that would create a standard framework for funds classified as environmental, social, and governance (ESG), advocacy groups today called on the agency to adopt stricter standards for the fastest-growing investment asset sector in the world.
Americans for Financial Reform Education Fund (AFREF) submitted comments to the Securities and Exchange Commission (SEC) on their proposed rules regarding fund names and required Environmental, Social, and Governance (ESG) disclosures for investment funds and advisers. These proposed rules would prevent the use of misleading