cares act Archives - Page 2 of 2 - Americans for Financial Reform

Fact Sheet: Massive Payoffs to Shareholders Laid the Groundwork for the Current Bailout

The CARES Act stimulus continues a pattern of permissive regulation of large corporations that has enabled them to channel their income to providing capital payouts to wealthy shareholders and top executives, rather than support for workers or investment towards the long-term stability and success of the firms.

News Release: The CARES Act fails to provide sufficient relief to federal student loan borrowers

The 43 million federal student loan borrowers are not getting meaningful relief from the CARES Act. It leaves an estimated 9 millions of federal student loan borrowers without any relief at all, does not guarantee that borrowers won’t face large principals when they return to repayment, and doesn’t include cancelling student debt, a move that both provides crucial relief to distressed borrowers and stimulates a fast-contracting economy.