AFREF urges the Department of Labor to withdraw their proposed rule entitled “Financial Factors in Selecting Plan Investments.” It discourages fiduciaries from considering environmental, social and governmental (ESG) factors in their investments and creates burdens for investors looking to be socially conscious.
“The failure to effectively control underwriting standards is one more example of ‘heads they win, tails we lose’ support for Wall Street.”
LETTER TO REGULATORS: Poor Underwriting Standards in Federal Reserve Emergency Lending Programs Could Lead to Support for Insolvent Firms
You can view or download the letter here.
Letter to Regulators: The Fed must reject any effort by banks to increase involvement in oil and gas
Americans for Financial Reform Education Fund sent a letter to the Federal Reserve Board, urging them to avoid any actions which would permit the financial holding companies or any of their subsidiaries to directly or indirectly operate oil or gas companies. The letter highlights the manifold physical, economic, reputational and financial system risks of bank commodity holdings, risks have become even more severe with the recent dislocation in global energy markets. As these markets will be disrupted for an extended period, the letter asks the Board to firmly reject any effort by banks to use the situation with respect to defaulting loans in the energy industry to increase bank involvement in the oil and gas industry.
Letter to Regulators: AFR Ed Fund urges SEC to withdraw misguided proposed rules on proxy advisors and resubmission thresholds for shareholder proposals
Read or download the full PDF version of the letter. The AFR Education Fund sent a letter to the Securities and Exchange Commission opposing proposed changes to rules concerning proxy voting advisors and resubmission thresholds for shareholder proposals. Taken together, the changes will dramatically reduce