Hundreds of companies owned or backed by some of the most well financed private equity firms in the US secured an estimated $5.3 billion in public funds under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), reveals a new investigation published today. The post News Release: Companies Backed by Giant Private Equity Firms […]
This study estimates that at least $5.3 billion in CARES Act money went to 611 portfolio companies owned or backed by private equity firms that held $908 billion in cash reserves. The post Report: Public Money For Private Equity: Pandemic Relief Went To Companies Backed By Private Equity Titans appeared first on Americans for Financial […]
AFREF joined a letter to the Education Department (ED) in response to their interpretation on federal and joint federal-state regulation and oversight of ED’s federal student loan programs and federal student loan servicers. The post Letters to Regulators: Letter to ED on Preemption Interpretation appeared first on Americans for Financial Reform.
AFREF joined a letter to the National Institute of Standards and Technology (NIST) in response to their request for comment on their Proposal for Identifying and Managing Bias within Artificial Intelligence. The post Letters to Regulators: Letter to NIST on Proposal for Identifying and Managing Bias within Artificial Intelligence appeared first on Americans for Financial […]
AFREF and 6 organizations sent a letter to the Federal Reserve Board expressing support for the development of the FedNow Service, the FRB’s real time payments system, and urging the Fed to build sufficient consumer protections into the system so that consumers and small businesses can safely use the system. The post Letters to Regulators: […]
AFREF joined our colleagues in sending a letter to the Federal Reserve urging the inclusion of essential consumer protections in the rules and design of the FedNow service, the Federal Reserve’s real time payment system. The post Letters to Regulators: Letter to FRB Urging for Consumer Protections in FedNow appeared first on Americans for Financial […]
AFREF joined several other civil rights, consumer advocacy and housing organizations in sending a letter a comment letter to the Federal Housing Finance Agency (“FHFA”) in response to their request for comment on their Policy Statement on Fair Lending (“Policy Statement”). The letter emphasizes that FHFA’s fair lending oversight of Fannie Mae and Freddie Mac […]
AFREF joined a letter to FHFA urging the Government Sponsored Enterprises (GSEs) to amend the COVID-19 payment deferral and Flex Modification for COVID-19 impacted borrowers to allow deferral and capitalization of escrow shortages. The post Letters to Regulators: Letter to FHFA Urging the GSEs to Amend the COVID-19 Payment Deferral and Flex Modification to Allow […]
AFREF joined a letter to the Education Department recommending protocols for the upcoming negotiated rulemaking. The post Letters to Regulators: Letter to ED Recommending Protocols for Upcoming Negotiated Rulemaking appeared first on Americans for Financial Reform.
AFREF and 37 organizations sent a letter in support of HUD’s Proposed Rule to reinstate the discriminatory effects standard. The post Letters to Regulators: Letter in Support of HUD’s Proposed Rule to Reinstate the Discriminatory Effects Standard appeared first on Americans for Financial Reform.