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 […]
Americans for Financial Reform sent a letter opposing the bills noticed for the September 10th “Proxy Power and Proposal Abuse: Reforming Rule 14a-8 to Protect Shareholder Value” hearing and expressing concern over alarming corporate governance developments we believe the House Financial Services Committee should be focusing on instead.
AFREF submitted a comment to the Federal Reserve, Office of the Comptroller of the Currency, and the FDIC criticizing a dangerous proposal to weaken critical bank capital standards put in place after the 2008 financial crisis that would increase the likelihood and severity of a financial crisis that could imperil the entire economy.
Americans for Financial Reform joined labor and progressive advocacy groups representing millions of workers in a letter to state financial officers who oversee pension funds that hold billions of dollars in shares of Tesla, urging them to oppose excessive pay packages for Tesla CEO Elon Musk, warning it would put workers’ retirement savings at unnecessary risk and undermine corporate accountability. […]