State insurance commissioners and legislators play a critical role in determining the insurance premiums people pay for their home insurance.[1] Insurance companies have increased homeowners insurance premiums by an average of 24 percent from 2021 to 2024 nationwide.[2] Premium rates are rising far faster in many places across the country including in a geographically diverse […]
Growing Wall Street control of single family homes is a contributor to our housing crisis, with mega single-family investors (those who own more than 1,000 homes nationwide) controlling an estimated 446,000 homes as of January 2025. Nationally, the presence of corporate landlords in a community has been associated with raised rents, junk fees, reduced maintenance, and increased evictions.
View or download a PDF of the letter here. AFREF submitted a comment opposing the Trump administration effort to undermine fair lending and civil rights law by illegitimately narrowing the scope of lending discrimination protection and enforcement.
View or download a PDF of the letter here AFREF submitted a comment opposing the Trump administration effort to undermine civil rights and fair lending law by severely weakening the small business and farm lending disclosure rules that would exempt half of all loans, reduce essential data collection, and exclude farm lending entirely.
Topic: Climate Finance & Insurance, Private Equity and Private Funds In a new report, Private Equity Climate Risks examines how the Global South is unfairly burdened by private equity’s investments in fossil fuels. While the Global North is responsible for the vast majority of excess emissions, communities of color in the Global South are hit hardest by the […]
Americans for Financial Reform Education Fund and Public Citizen sent a letter in response to the California Department of Insurance’s Long-Term Solvency Planning Proposal, highlighting the need for insurers to comprehensively address both physical and transition risks across underwriting, investing, and operations. “Insurers need to develop climate plans that encompass both climate mitigation and climate adaptation […]
ARFEF joined 28 consumer, racial, and economic justice organizations to oppose the FHFA’s proposed rule that would greatly reduce the number of affordable mortgages for U.S. borrowers.
AFREF filed comments in opposition to giving Coinbase, the nation’s biggest cryptocurrency exchange, its own bank charter. The proposed new crypto bank would impermissibly combine commerce and banking, create giant risks to the financial system and economy when the next crypto crash inevitably occurs, and gives Coinbase the public benefits of being a member bank of the […]
AFREF, Consumer Federation of America and Prof. Art Wilmarth submitted comments to the FDIC warning about the harms to consumers, communities, and the financial system that would ensue from expanding the industrial loan company (ILC) bank charter loophole to Big Tech, crypto, and other predatory financial firms.
Americans for Financial Reform along with ten undersigned partner organizations write in support of legislative efforts to reform the National Flood Insurance Program (NFIP) to improve insurance affordability, expand coverage, and promote resilience. The NFIP is a critical program that protects households across the country from economic devastation from flooding and allows them to rebuild […]