Letter to Congress from 73 groups in support of the credit reporting provisions in the HEROES Act
The SEC has released new guidance on corporate disclosures in light of COVID, which includes a recommendation that companies disclose more information about health and safety policies. We see this as a positive first step toward requiring the disclosures requested in a letter sent to the SEC last week by Americans for Financial Reform and nearly 100 other organizations.
Lawmakers must dramatically step up the quality and quantity of data that the executive branch releases on programs designed to provide relief from the economic downturn stemming from the COVID-19 pandemic, according to a letter from 26 labor, community, consumer, and other organizations.
Joint Letter: Coalition Letter to the Office of Management and Budget Regarding Coronavirus-Related Data Disclosures
Detailed and timely data disclosures are required so Congress, Inspectors General, and the specialized Coronavirus oversight bodies created by the CARES Act can ensure Coronavirus expenditures and benefits are being delivered to the public as intended.
Blog Post: Trump’s disaster capitalism rewards real estate investor cronies with extended Opportunity Zone tax break
Trump Administration and Congressional Republicans are using COVID-19 health crisis and economic recession to double down on tax cuts for the top 1 percent.
The Securities and Exchange Commission should create new disclosure requirements that would allow investors to analyze how companies are acting to protect workers, prevent the spread of the virus that causes COVID-19, and responsibly use any federal aid they receive, according to a letter signed by more than 98 investors, state treasurers, public interest groups, labor unions, asset managers and securities law experts.
Joint letter: CARES Act must include conditions for all companies that receive Federal financial support
The next COVID response legislation, must include clear conditions for all companies that receive Federal financial support that require worker retention and protection as well as limitations that ensure that government money will not be used to profit corporate insiders and Wall Street speculators.
News Release: Consumer, Banking Groups Applaud Bill to Exempt Economic Impact Payments From Garnishment
Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment.
Joint Letter: Letter to CFPB Asking for Suspension of All Regulatory Activity Unrelated to COVID-19 and Greater Consumer Protections During the Pandemic
Letter from over 90 groups calling on the CFPB to stop all regulatory activity unrelated to COVID-19 and take greater steps to protect consumers during the pandemic.
In place of a heartless free market of panicked investors who might want to cut their losses and sell, the plan is to simulate real buying and selling of financial products like mortgages and bonds with directed deployments of the Fed’s endless trillions. And they will be endless … Marcus Stanley of Americans for Financial Reform said, “The Fed’s perspective on this is, they want to create normalcy.” But what does “normal” mean in an economy that may be changed forever?