Recent research reveals that homeowners with lower credit scores or who live in neighborhoods of color are often charged more for property insurance coverage even when the disaster risks they face are comparable to those paying less for insurance. As climate risk grows, borrowers perceived by insurance companies as having riskier credit characteristics could be disproportionally burdened by higher insurance costs that undermine their financial stability.
On the 20th anniversary of Hurricane Katrina, AFR/AFREF’s Associate Director of Housing Policy Caroline Nagy joined a webinar, “Katrina at 20: Climate Capital, Injustice, and the Path Forward,” hosted by Manley Consulting Group, The Horizon Project, Hip Hop Caucus, and Majority Action.
The GENIUS Act crypto stablecoin bill enriches billionaires and Trump while posing real risks to people and the financial system, lacks any real consumer protections, and will facilitate money laundering and illicit finance. The post Factsheet: AFR Factsheet on The GENIUS Act’s Flaws and Failures appeared first on Americans for Financial Reform.
“AFR fact sheet on CLARITY Act cryptocurrency legislation that is a giveaway to crypto billionaires but poses enormous risks to the financial system and crypto investors. The legislation fails to address the administration’s crypto corruption, weakens oversight of cryptocurrency, undermines state regulators, promotes regulatory evasion, and fails to protect consumers, investors, and financial markets.” The […]
AFREF joined Public Citizen and other groups in a letter to the Securities and Exchange Commission in defense of executive compensation disclosures. The post Letters to the Regulators: Letter to the SEC in Defense of Executive Compensation Disclosure appeared first on Americans for Financial Reform.
AFR sent a letter urging the U.S. Senate to make Wall Street and private equity firms pay their fair share. The budget bill includes massive tax cuts for the ultra-wealthy and savage cuts to critical programs that support working families, making it the most regressive bill in decades. Closing ten Wall Street tax loopholes would […]
Labor unions, investors, and public interest organizations wrote to the House Education and Workforce Committee in opposition to H.R. 2988, Protecting Prudent Investment of Retirement Savings Act. The post Letters to Congress: Letter in Opposition to H.R. 2988, Protecting Prudent Investment of Retirement Savings Act appeared first on Americans for Financial Reform.
AFR shared maps and statistics on climate change’s impact on homeowners insurance in Nebraska’s first congressional district with the House Financial Services Committee’s Housing and Insurance Subcommittee. The post Fact Sheet: Visualizing the Home Insurance Crisis in Nebraska appeared first on Americans for Financial Reform.
AFREF sent a letter to the CFPB opposing proposed rescissions that would create blanket confidentiality for all CFPB orders and decisions about non-bank supervisory determinations that would strip away transparency for some of the riskiest and least regulated nonbank financial products. The post Letters to the Regulators: AFREF Opposes Effort to Prevent CFPB Supervisory Transparency […]
AFREF sent a letter to the CFPB opposing its proposal to rescind a repeat offender database of nonbank enforcement and agency orders. This will help state and federal regulators, advocates, and the public identify repeat offenders and more easily spot patterns and practices of misconduct. The post Letters to the Regulators: AFREF Opposes Effort to […]