Americans for Financial Reform

AFR's executive director, said the bill “takes important, much-needed steps to rein in Wall Street predatory practices and promote a more just and sustainable economy.” https://lnkd.in/g2yCHG-f #WSJ #PrivateEquity #healthcare

“This enforcement action reinforces the Consumer Financial Protection Bureau’s commitment to fair contract terms and a level playing field for consumers.” - Christine Chen Zinner, senior policy counsel at AFR. #CFPB #ConsumerProtection https://lnkd.in/g7NN-n7P

The Federal Trade Commission's CARS Rule is a commonsense answer to problems that plague car buyers: hidden car pricing and junk add-ons.?This Rule is backed by a decade of research about issues that continue to make buying a car time-consuming and more expensive. Car dealers benefitting from dishonest pricing want to kill the CARS Rule because it will force them to compete with honest dealers. We believe the Fifth Circuit should reject this frivolous lawsuit and let the Federal Trade Commission level the playing field for car buyers. #CARSRule #TruthInCarBuying #EndJunkFees

The private credit market, now worth over $2.1 trillion, has grown exponentially and operates largely outside of regulatory oversight. Unlike traditional bank loans, private credit lenders focus on funding risky buyouts and corporate refinancing. The Vista Equity takeover of Pluralsight highlights the dangers of this opaque market. https://lnkd.in/dUC5nVDp

Did you know that private equity firms contribute to over 1.17 gigatons of CO2 emissions annually? That’s 1.17 billion metric tons, concentrated in upstream oil & gas, LNG terminals, and coal plants. Despite mounting climate risks, the majority of their energy investments remain in fossil fuels.? The 2024 Private Equity Climate Risks Scorecard and Report uncovers the full extent of their fossil fuel holdings, ranks 21 major firms, and calls for critical climate accountability measures. https://lnkd.in/eSRiHyZG

“Visa’s strategy is built around reducing choices and raising prices for cardholders while increasing costs for small businesses. Visa wields its market power to extract value from merchants and customers and that ultimately raises prices for everyone.”

We believe that creating a just and equitable financial system means voting on the side of people and the environment. Recent industry-friendly bills in Congress threaten to make the economy work primarily for Wall Street insiders and big corporations. View our latest Congressional voting record to see what bills were introduced and the damage they’ll inflict on our economy. https://lnkd.in/g37A2i83

The U.S. Department of the Treasury released two new rules requiring the disclosure of real estate ownership transparency that will make it easier to identify corporate real estate backers and crack down on money laundering in the real estate sector. This announcement comes the week after the U.S. Department of Justice launched a lawsuit against RealPage for facilitating rent price fixing by corporate landlords, and together represent major back-to-back tenant victories against corporate landlords and their privately-funded financial backers. https://lnkd.in/eaBSibB6

165 consumer advocacy, workers' rights, racial justice, community organizations, and academics support Consumer Financial Protection Bureau efforts to guard against new forms of predatory #fintech lending in the workplace & prevent evasion of consumer protection laws. #ProtectConsumers #StopTheDebtTrap #LaborDay

The U.S. Department of the Treasury, Federal Trade Commission and Consumer Financial Protection Bureau, announced a critical interagency effort that aims to protect consumers from solar fraud and scams, clamp down on bad actors and practices in the industry, promote safe green lending that can benefit consumers and responsible solar businesses, and mitigate climate change. This move comes as more consumers are being marketed and offered loans and leases for green products and projects, due in part to new federal financial incentives that make them more affordable. https://lnkd.in/eR7xHRqY