Letters to the Administration: Over 100 Groups Urge President Biden to Cancel Student Debt
AFREF joined over 100 other groups in sending a letter urging President Biden to cancel student debt.
News Release: Sen. Elizabeth Warren and Rep. Mark Pocan Join Town Hall, Build Momentum for Halting Private Equity Abuses of Workers, Communities
At a town hall hosted by United for Respect and Americans for Financial Reform, workers and leaders across industries came out strongly in support of the Stop Wall Street Looting Act. The event focused on the devastating impact of private equity firms on the quality and quantity of jobs across industries.
Letters to the Administration: Letter Urging Ambassador Susan Rice to Protect Civil Rights in the Use of Data-Driven Technologies
AFREF joined a letter urging Ambassador Susan Rice to place a high priority on ensuring data-driven technologies, including algorithmic decision making, artificial intelligence, and machine learning increasingly used to make important decisions about people’s lives, protect civil rights, prevent unlawful discrimination, and advance equal opportunity.
Letters to Congress: Letter Urging Inclusion of Targeted First Generation Down Payment Assistance in Build Back Better
AFR joined a letter to Congress highlighting the urgent need to include targeted first generation down payment assistance (DPA) in the Build Back Better Act.
In The News: Private equity, hedge funds accounted for over $625 million in political spending during 2020 campaign, study says (CNBC)
“Whether it is preserving favored tax loopholes or forestalling more comprehensive reform, private fund executives spend on politics for the purpose of getting richer at the expense of everyone else,” Ricardo Valadez, private equity campaign manager at AFR, said.
Report: Private Equity and Hedge Fund Money in Politics in 2019-20
Wall Street private equity and hedge funds pumped at least $627 million into the political process – campaign contributions and lobbying – during the 2019-2020 election cycle. The sum, amounting to about $858,000 each day, reflects the meteoric rise in the size and scope of the private funds industry, which has come to control vast swaths of the American economy over the last decade.
Letters to Regulators: Letter to FHFA in Response to Equitable Housing Finance Plans RFI
AFREF joined a letter to FHFA in response to the enterprise equitable housing finance plans request for input.
Letters to Regulators: Letter to FHFA in Response to Equitable Housing Finance Plans RFI
AFREF joined a letter to FHFA in response to their request for input regarding the enterprises’ equitable housing finance plans.
News Release: Treasury’s climate report light on specifics, regulators must go much farther, faster
The U.S. Treasury Department released its climate finance report on Thursday evening following a meeting of the Financial Stability Oversight Council (FSOC) where members voted to approve the report. Though strong in some areas like climate risk disclosure and scenario analysis, the report largely highlights agency actions that are already underway, and it fails to lay out a comprehensive roadmap with specific recommendations and timelines for regulators to consider beyond the assessment and disclosure of climate risk, Americans for Financial Reform (AFR) and Public Citizen said.
News Release: Statement on Facebook’s Scaling of Cryptocurrency Efforts
Following reports that Facebook is scaling up its cryptocurrency efforts with the launch of a pilot of its cryptocurrency wallet “Novi”, Demand Progress Education Fund and Americans for Financial Reform Education Fund released the following joint statement.