Introduction Property insurance is growing more expensive and harder to obtain throughout the U.S. Climate change and the rising costs of severe weather damage are a crucial cause, but racial and economic inequities within the property insurance market are an important part of the puzzle, and they have been too frequently overlooked. In particular, recent
Despite the many negative impacts of the private equity business model on working people, it is working people’s own capital in the form of public pension funds that private equity has relied upon for its expansion. Over a trillion dollars in private equity deals close each year, and public pension funds are by far their largest source of investment. Whereas working people’s pensions historically were managed very conservatively, changes in markets and in accounting have ratcheted up the pressure on pensions to grow. Today, pension funds are engaged in a constant search for higher investment returns, which the “alternative” investment industry has seized upon—with unsettling results for workers.
Home and community based services (HCBS) have steadily become a viable choice for aging and disability care after decades of campaigning to make care available in responsive environments that are grounded in peoples’ support systems. At the same time, the private equity industry, which has left a wake of destabilization in facility-based healthcare like nursing
The Consumer Financial Protection Bureau’s (CFPB) overdraft fee rule will discourage financial institutions from abusive and predatory overdraft practices, which often target servicemembers and military families. Banks charge overdraft fees for covering transactions that exceed account balances, but these charges can be illegally or unfairly applied and overdraft fee revenue has become a major profit center for some institutions.
The Consumer Financial Protection Bureau’s (CFPB) Personal Financial Data Rights Rule (Rule 1033) helps create a more consumer-friendly and competitive financial services marketplace by allowing people to easily and securely move their personal financial data between financial institutions. Prior to this rule, many banks and financial institutions limited how consumers could use their financial data,
The Consumer Financial Protection Bureau’s (CFPB) final rule to remove medical bills from most credit reports will prohibit credit reporting companies like Equifax, TransUnion, and Experian from sharing medical debt information with lenders as well as barring lenders from considering these medical debts in underwriting decisions. The post Fact Sheet: AFREF Coalition Fact Sheet on