This report offers a summary of the issues raised in the state and federal lawsuits related to PPL’s contract in New York, dive more deeply into PPL’s pattern of concerning practices across other states, and detail recommendations for curbing future harm.
Private equity has made a business of buying up the industries families can’t live without, and it has recently arrived in childcare. It’s the support system parents rely on most, which is exactly what makes it a target: firms move in where the need is greatest and the leverage over families is highest.
An economic crisis from the AI bubble is not inevitable. While the ingredients for a serious crisis are in place, inaction regarding the growing risks would be a dangerous mistake, and policymakers must take steps to mitigate the growing threats to economic stability. Time is running short.
This study examined the empirical performance of 58,000 retirement plans—pension plans and 401(k) plans—over sixteen years between 2009 to 2024 and found clear outperformance by the plans without alternative assets, proving the DOL’s proposal to open up 401(k) plans to private equity and hedge fund-type investments will harm workers saving for retirement
In late May, the Consumer Financial Protection Bureau (CFPB) under Trump-appointee and acting director Russell Vought launched a newly redesigned website that deprioritized consumer complaints and reframed the CFPB as a deregulatory agency rather than the nation’s only financial watchdog focused on protecting consumers in the market. As part of this overhaul, the Trump-Vought CFPB deleted the agency’s blog and removed all press releases prior to February 2025.
Wall Street and the Trump administration are pushing dangerous deregulation to give private equity firms access to the more than $14 trillion in retirement savings kept in 401(k) and other defined contribution plans. The proposal would risk people’s retirement security and amount to a tremendous and regressive transfer of wealth from workers saving for retirement to Wall Street firms and a bailout for private equity firms that are struggling to unload underperforming investments.