This is the story of Diane Lewis, who had to pay outrageous fees to a private equity-owned company simply to speak with her incarcerated son. The money went to Securus Technologies. It is owned by Platinum Equity, the private equity firm run by Tom Gores, the billionaire owner of the Detroit Pistons. Private equity is […]
AFREF joined a letter to Treasury Secretary Janet Yellen calling on her to rescind the 2019 guidance under the Trump Administration that made it unduly difficult to designate non-banks as Systemically Important Financial Institutions (SIFIs). The post Letters to Regulators: Letter to Secretary Yellen on Repealing Treasury’s 2019 Guidance on SIFI Designation appeared first on […]
AFREF joined a letter urging HUD, VA, and USDA to extend the September 30, 2021 deadline for borrowers to start forbearance plans due to COVID-19 hardships. The post Letters to Regulators: Letter Urging HUD, VA, and USDA to Extend the Deadline for Borrowers to Start Forbearance Plans appeared first on Americans for Financial Reform.
AFREF joined over 200 organizations in a letter calling on ED to take immediate executive action to deliver on the promise of Public Service Loan Forgiveness (PSLF) by cancelling debts owed by all public service workers who have served for a decade or more and to improve the PSLF program. The post Letters to Regulators: […]
AFREF joined a letter to HUD in response to its announced notice of intent to sell 1,730 mortgage loan notes in the fall. The letter states that HUD should not resume any note sales without first implementing regulations for the program that promote stable homeownership. The post Letters to Regulators: Letter to HUD on Note […]
AFREF joined a letter to the Education Department regarding ACCSC and NAIQI procedures. The post Letters to Regulators: Letter to ED Regarding ACCSC and NAIQI Procedures appeared first on Americans for Financial Reform.
Americans for Financial Reform Education Fund and the Communication Workers of America sent a letter to the Securities and Exchange Commission urging that the Commission close critical loopholes and exemptions that currently exist in its Forms 13-F and 13-D reports that have been intentionally exploited by hedge fund investors. By doing so, hedge funds can […]
AFREF and five other organizations wrote a letter today to the Securities and Exchange Commission urging the Commission to review the exponential growth of digital assets, including “stablecoins”, and how their activities should be subject to the securities laws that exist to protect investors. The post Letters to Regulators: Letter to the SEC on Digital […]
AFREF joined a letter to Treasury urging them to ensure accessibility, transparency, and accountability in the Homeowner Assistance Fund (HAF) program. The post Letters to Regulators: Letter to Treasury on HAF Implementation appeared first on Americans for Financial Reform.
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 […]