News Release: Statement on Facebook’s Scaling of Cryptocurrency Efforts

Following reports that Facebook is scaling up its cryptocurrency efforts with the launch of a pilot of its cryptocurrency wallet “Novi”, Demand Progress Education Fund and Americans for Financial Reform Education Fund released the following joint statement. The post News Release: Statement on Facebook’s Scaling of Cryptocurrency Efforts appeared first on Americans for Financial Reform.

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Letters to Regulators: Letter to the Treasury/President’s Working Group on Stablecoin Regulation

AFREF submitted a letter to the Treasury today raising concerns that the President’s Working Group is considering recommending Congress create special bank charters to regulate stablecoins. We instead believe the President’s Working Group should clarify the existing authorities that each of the regulatory agencies have and call on those agencies to exercise their authorities now. […]

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Fact Sheet: The carried interest loophole is a tax dodge for super-rich private equity executives

View or download a PDF version here. The carried interest tax loophole is an income tax avoidance scheme that allows private equity and hedge fund executives — some of the richest people in the world — to substantially lower the amount they pay in taxes. The carried interest loophole allows private equity barons to claim […]

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Letters to Regulators: Letter to CFPB Director Rohit Chopra on the Need for Pre-Foreclosure Protections in 2022

AFREF joined a letter to CFPB Director Rohit Chopra urging for pre-foreclosure protections in 2022 due to the on-going Covid-19 pandemic. The post Letters to Regulators: Letter to CFPB Director Rohit Chopra on the Need for Pre-Foreclosure Protections in 2022 appeared first on Americans for Financial Reform.

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News Release: Labor Department: Retirement Plans and Pensions Right To Consider Sustainability, Jobs, Equity, Workers 

Americans for Financial Reform Education Fund (AFREF) applauds the Labor Department for issuing this proposal to better allow and encourage retirement plans and pensions to consider sustainability factors like workers’ rights, racial justice, corporate governance, and climate change when investing. The post News Release: Labor Department: Retirement Plans and Pensions Right To Consider Sustainability, Jobs, […]

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Letters to Regulators: Letter to CFPB Expressing Concerns About the Treatment of Earned Wage Access Products

AFREF joined a letter to CFPB Director Rohit Chopra expressing concerns about the treatment of earned wage access products. The post Letters to Regulators: Letter to CFPB Expressing Concerns About the Treatment of Earned Wage Access Products appeared first on Americans for Financial Reform.

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