racial justice Archives - Page 8 of 15 - Americans for Financial Reform

News Release: CFPB Overdraft Study is a Start but New Regulations Needed

We appreciate the work of the CFPB on drawing attention to the harms of overdraft fees, which take billions of dollars a year out of the pockets of mostly low- and moderate-income households to pad the bottom lines of the country’s big and small banks. And among those households, Black and Latinx households were also far more likely to incur overdrafts. We urge the CFPB to use all the tools that Congress gave it to protect consumers from abuses, including drafting tough new regulations.

Statement: The House-Passed Build Back Better Act is the First Step Next, it Must be Paid for by the Rich and Corporations

Today, the House passed the Build Back Better Act, sending historic investments in white, Black and Brown working people to the Senate.

Letters to Congress: Civil Rights Groups Letter of Support of Saule Omarova’s OCC Nomination

AFR, joined by 14 other civil rights, social and racial justice, and immigrant organizations, sent a letter to Congress in support of President Biden’s nomination of Professor Saule Omarova to lead the Office of the Comptroller of the Currency.

A pair of hands writing on paper with a pen

Letters to the Administration: Letter Urging OMB and OIRA to Implement the January 20th Memo on Modernizing Regulatory Review

AFREF joined a letter urging the Biden Administration to immediately begin the process of implementing reforms outlined in the January 20th memo on “Modernizing Regulatory Review.”

classroom with students and a student with a backpack standing up with papers - Photo by javier trueba on Unsplash

Letters to Congress: Letter in Support of the Build Back Better Provision that Limits the Pell Grant Increase to Students Attending Public and Non-Profit Colleges

AFR joined a letter to Congress in support of the provision in Build Back Better that limits the Pell grant increase to students attending public and non-profit colleges, excluding for-profit schools.

Letters to Regulators: Federal Insurance Office Request for Information on the Insurance Sector and Climate-Related Financial Risks

AFREF sent a letter to the Treasury’s Federal Insurance Office (FIO) on how the agency can coordinate with state insurance regulators and insurers to have the necessary data, supervisory framework, and prudential regulation in a world where climate-related losses continue to rise and pose risks to the entire financial system.

Report: Scorecard Shows Secretary Yellen, FSOC, Fell Short on Plans to Mitigate Climate Risk

The Sierra Club, Americans for Financial Reform Education Fund, and Public Citizen released an analysis of the Financial Stability Oversight Council (FSOC) report on climate-related financial risk. The analysis outlines the report’s disappointing lack of urgency and details the missed opportunities to chart a comprehensive course

a dollar bill on top of a pile of money with scrabble pieces spelling out "tax" on top

Fact Sheet: Tax Corporate Stock Buybacks that Enrich Executives and Worsen Inequality

Stock buybacks exacerbate the racial wealth gap, worsen economic inequality, and divert resources from the real economy which harms workers. Taxing buybacks would raise revenue and discourage companies from putting highly-paid executives ahead of the broader economy.

Letters to Regulators: Letter to ED on 90/10 Implementation

AFREF joined a letter in response to the Education Department’s request for public comments on a rule to fully implement closure of the 90/10 loophole.

Letters to Congress: Organizations Support Omarova as Comptroller of the Currency

AFR joined a letter to Congress in support of the nomination of Professor Saule Omarova to serve as the next Comptroller of the Currency.