This study estimates that at least $5.3 billion in CARES Act money went to 611 portfolio companies owned or backed by private equity firms that held $908 billion in cash reserves.
Federal Reserve Board Chair Jerome Powell has presided over a broad deregulatory agenda that has made our financial system less resilient and driven rising wealth and income inequality.
AFR released housing policy recommendations to promote equitable housing access for all people in the United States, minimize pervasive harm from the COVID-19 pandemic, hold predatory actors accountable, and expand sustainable opportunities in communities of color.
AFREF joined a sign on letter highlighting critical shareholder rights at stake in the Goldman Sachs Supreme Court Case.
Blackstone CEO Stephen A. Schwarzman’s ongoing refusal to firmly break with former President Donald Trump in spite of Trump’s role inciting the insurrection exposes investors to unacceptable levels of reputational risk. Schwarzman personally donated $3 million to a PAC supporting Trump’s 2020 campaign, money earned from fees and expenses paid for by your pension fund and the working people whose retirement savings you are responsible for investing.
In February, 2021 Americans for Financial Reform released a report providing a snapshot of how every member of Congress voted on consumer protections, Wall Street, and financial industry legislative measures during the 116th Congress. The report includes a selection of important bills and amendments aimed at shaping the U.S. financial system and regulatory landscape and establishing priorities