Letters to Congress: Letter in Support of Housing Fairness Act and Downpayment Toward Equity Act
AFR joined a letter in support of the Housing Fairness Act and the Downpayment Toward Equity Act.
Letters to Regulators: Letter to PCAOB in Response to Request for Comment on Interim Analysis of Estimates and Specialists Audit Requirements
AFREF and Public Citizen sent a letter to PCAOB in response to their request for comment on their Interim Analysis of Estimates and Specialists Audit Requirements.
Blog: Private Equity and The Care Economy
Having a rapacious business like private equity watching over particularly vulnerable people has never been a good idea. Still the evidence is mounting that Wall Street has pushed the envelope in recent years. Nursing homes, youth facilities, and homes for disabled adults have all fallen under the ownership of an industry with a track record of prioritizing wealth extraction over running companies well, to say nothing of caring for people in need.
Letters to Congress: Letter in Support of Downpayment Toward Equity Act
AFR joined a letter in support of the Downpayment Toward Equity Act, which provides substantial down payment assistance to first-time, first-generation homebuyers and helps close the historical racial and ethnic homeownership gaps in the United States.
In The News: Senators to Propose Industry-Friendly Cryptocurrency Bill
“This legislation would do quite a bit to undermine existing securities laws by creating an alternative route that could bypass the current, time-tested rules,” said Mark Hays, a senior policy analyst on fintech at Americans for Financial Reform, a progressive advocacy group. He added that the bill would create a new class of securities that lack the necessary investor protections.
News Release: New Cryptocurrency Bill a Giveaway to Industry in the Name of Innovation
Washington, DC – A bill introduced by Sens. Kirsten Gillibrand and Cynthia Lummis to revamp regulation of cryptocurrencies is little more than a giveaway to an industry that wraps itself in the mantle of innovation but poses serious risks to investors, consumers, and possibly even financial stability.
SEC Appoints AFR’s Andrew Park to Investor Advisory Committee
Washington, D.C. – The Securities and Exchange Commission has appointed Andrew Park, senior policy analyst at Americans for Financial Reform, to its Investor Advisory Committee, where he will serve a 4-year term providing expertise to the agency on a wide range of issues.
Letters to Regulators: Letter to FDIC on Climate Banking Supervision Principles
AFREF submitted two comments to the Federal Deposit Insurance Corporation in response to their request for comment on “Statement of Principles for Climate- Related Financial Risk Management for Large Financial Institutions.” The first comment was a joint letter signed by 13 partners regarding the fair
News Release: Discharge for Corinthian Borrowers Should Presage Broad-Based Cancellation
This week the Department of Education announced that it will discharge all remaining federal student loans for borrowers who attended any campus owned or operated by Corinthian Colleges Inc. The relief will total $5.8 billion and cancel debt for 560,000 borrowers, without any additional action needed.
Letters to Regulators: Letter to HUD on Needed Loan Modification Enhancements to Address Rising Interest Rates
AFREF joined a letter to HUD urging them to adopt enhancements to the FHA COVID-19 waterfall to address the impact of rising interest rates.