Bankers, lobbyists, elected officials uttered some choice words on 2018’s bank deregulation legislation and the impact of mid-sized banks on financial stability that belong in any good collection of famous last words.
The Federal Reserve’s deregulatory and light touch approach to regulation and supervision paved the way for the bank failures that have shaken the financial system this year and that led to extraordinary government intervention to preserve financial stability. Below we suggest a set of changes the Fed can make without Congressional action that would increase financial stability and put the welfare of the public ahead of the narrow interests of big banks and Wall Street.
A new investigation reveals that the Carlyle Group has been quietly scooping up fossil fuel assets over the past decade, producing an estimated 277 million metric tons of CO2 emissions.
Americans for Financial Reform released this report providing a snapshot of how every member of Congress voted on consumer protections, climate financial regulation, Wall Street, and financial industry legislative measures during the 117th Congress. The report includes a selection of votes on legislation and on confirmations of President Biden’s nominees to positions central to financial regulation and
Climate change is a risk multiplier that exacerbates racial and economic inequality, and it is progressing at an alarming rate. Acute and increasingly frequent climate-related disasters, such as wildfires and hurricanes, as well as chronic issues such as heat stress, sea level rise, and drought, disproportionately impact low- and moderate-income (LMI) communities and communities of
Private equity firms have become some of the country’s biggest corporate landlords. Americans for Financial Reform estimated that as of June 2022, at a minimum, private equity firms owned real estate rented by around 1.6 million families.