Recent research reveals that homeowners with lower credit scores or who live in neighborhoods of color are often charged more for property insurance coverage even when the disaster risks they face are comparable to those paying less for insurance. As climate risk grows, borrowers perceived by insurance companies as having riskier credit characteristics could be disproportionally burdened by higher insurance costs that undermine their financial stability.
Private equity firms have poured record amounts into the data center sector, snapping up billions of dollars’ worth of digital real estate. Private equity has spent nearly $200 billion to finance data center deals, with the vast majority of this spending hidden from public view. Private equity was behind nearly 80 to 90 percent of completed mergers and acquisitions in the sector since 2022.
New report highlights stark discrepancy between Brookfield’s reported emissions and its actual carbon footprint. The post News Release: Report Exposes Brookfield Corporation’s Fossil Fuel Investments and Emissions Reality appeared first on Americans for Financial Reform. The full report is available here.
New report highlights how private equity behemoth, Kohlberg Kravis Roberts & Co. has put money into fossil fuel projects that run decidedly counter to its preferred public image of a good steward of the Earth. The post News Release: Report Outlines KKR’s Harm to Frontline Communities As it Continues to Center a Fossil Fuel Strategy […]
From A for Ambulance to Z for Zamboni, this book takes the reader on an alphabetical journey through the myriad ways that private equity has encroached into most parts of everyday life. The post Fact Sheets and Reports: The ABCs of Private Equity appeared first on Americans for Financial Reform.
The Paycheck Protection Program, a critical pillar of the CARES Act pandemic relief legislation, failed to equitably distribute money despite an avowed goal of focusing on small businesses, according to a new report from AFREF and six other public interest organizations and labor unions. The post Report: Lessons Learned from the Paycheck Protection Program appeared […]
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 […]
At the peak of the coronavirus pandemic, big banks will be paying some $13 billion in shareholder dividends. If this level of dividends continues for the rest of 2020, big banks could be permitted to pay out over $50 billion in dividends for 2020.
New report revealing how in the last 10 years, a staggering 597,000 people working at retail companies owned by private equity firms and hedge funds have lost their jobs. An estimated additional 728,000 indirect jobs have been lost at suppliers and local businesses, meaning Wall Street’s gamble on retail has led to more than 1.3 million job losses in total.
New members of Congress demonstrated substantially less reliance on money from the financial services industry than incumbents who won re-election in 2018. First-term Democratic members of the House raised, on average, 17 percent of the money for their campaign committees from small donors, compared with 9.4 percent by Democratic incumbents who won re-election.