Fact Sheet: Recommendations for Financial Regulatory Agencies To Take Further Action on AI Fact SheetJune 17, 2024 Fact Sheet: Recommendations for Financial Regulatory Agencies To Take Further Action on AI This fact sheet offers recommendations for how U.S. financial regulatory agencies can draw upon numerous existing statutory authorities to address the risks of artificial intelligence (AI) to the financial services sector. Jun 17, 2024 Todd Phillips, Adam Conner
The Lawsuit Against a New SEC Rule Could Harm Investor Protections ReportMay 31, 2024 The Lawsuit Against a New SEC Rule Could Harm Investor Protections The U.S. Court of Appeals for the 5th Circuit’s decision on the legal petition against the SEC’s private fund advisers rule could open the door to broad attacks on the regulatory framework that Congress authorized the SEC to develop and enforce for capital markets. May 31, 2024 Alexandra Thornton
The Tax Cuts and Jobs Act Failed To Deliver Promised Benefits ReportApril 30, 2024 The Tax Cuts and Jobs Act Failed To Deliver Promised Benefits Benefits of the business tax changes in Trump’s 2017 tax bill were costly and did not trickle down to workers and families. Apr 30, 2024 Jean Ross
Citizens United Overreach: New CAP Report Reveals Legal Risk in For-Profit Corporate Boards’ Political Spending Past EventApril 24, 2024 Citizens United Overreach: New CAP Report Reveals Legal Risk in For-Profit Corporate Boards’ Political Spending Join CAP for a virtual discussion on Citizens United overreach. Online only May 7, 2024
The CFPB Is Cleaning Up Junk Fees ReportApril 9, 2024 The CFPB Is Cleaning Up Junk Fees The Consumer Financial Protection Bureau has taken a series of actions to cut excessive and hidden junk fees in the financial marketplace, which will save consumers billions of dollars. Apr 9, 2024 Lilith Fellowes-Granda, David Correa
What Will Be in the Final SEC Climate Disclosure Rule? ArticleFebruary 29, 2024 What Will Be in the Final SEC Climate Disclosure Rule? The U.S. Securities and Exchange Commission’s March 2022 climate disclosure proposal provides a roadmap for its upcoming final rule requiring public companies to disclose climate-related information that will help investors make sound investment decisions. Feb 29, 2024 Alexandra Thornton
2024 Hawaii Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations TestimonyFebruary 9, 2024 2024 Hawaii Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations Michael Sozan, a senior fellow at the Center for American Progress, filed written testimony before the Hawaii Senate in support of S.B. 3243, a bill that would strengthen campaign-related spending disclosure requirements and limit political spending by U.S. corporations with appreciable foreign ownership. Feb 9, 2024 Michael Sozan
Rebuilding the IRS Improves Customer Service and Reduces the Tax Gap ArticleJanuary 30, 2024 Rebuilding the IRS Improves Customer Service and Reduces the Tax Gap Funding from the Inflation Reduction Act helps ensure that the wealthy and large corporations pay what they owe and that customer service improvements continue. Jan 30, 2024 Jean Ross
2024 Washington Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations TestimonyJanuary 29, 2024 2024 Washington Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations Michael Sozan, a senior fellow at the Center for American Progress, filed written testimony before the Washington State House in support of H.B. 1885, a bill that would strengthen campaign-related spending disclosure requirements and limit political spending by U.S. corporations with appreciable foreign ownership. Jan 29, 2024 Michael Sozan
Regulators’ Bank Capital Proposals Don’t Go Far Enough To Improve Financial Stability ArticleJanuary 16, 2024 Regulators’ Bank Capital Proposals Don’t Go Far Enough To Improve Financial Stability While the 2023 bank capital proposals make important improvements to the regulatory framework, new CAP empirical analysis shows that additions to bank equity are modest and must be larger to substantially enhance the stability of the largest banks. Jan 16, 2024 Marc Jarsulic, Lilith Fellowes-Granda
CAP Testimony Before the SEC’s Investor Advisory Committee on Exemptions From Securities Laws TestimonyJanuary 11, 2024 CAP Testimony Before the SEC’s Investor Advisory Committee on Exemptions From Securities Laws CAP’s Alexandra Thornton provided testimony to the SEC’s Investor Advisory Committee about the potential harm to investors and the economy of expanding exemptions from public disclosure requirements for private securities offerings. Jan 11, 2024 Alexandra Thornton
CAP Comments on the FASB’s Expense Disaggregation Disclosures Proposal ArticleJanuary 11, 2024 CAP Comments on the FASB’s Expense Disaggregation Disclosures Proposal The Center for American Progress submitted a comment letter to the Financial Accounting Standards Board on the board’s enhanced expense disaggregation disclosure requirements. Jan 11, 2024 Alexandra Thornton
CAP Comments on Department of Labor Fiduciary Rule Proposal ArticleJanuary 11, 2024 CAP Comments on Department of Labor Fiduciary Rule Proposal The Center for American Progress submitted comments to the Employee Benefits Security Administration supporting proposed changes to the regulation that defines fiduciary standards. Jan 11, 2024 Alexandra Thornton
CAP Comments on Regulators’ Proposals To Increase Bank Capital Requirements ArticleDecember 14, 2023 CAP Comments on Regulators’ Proposals To Increase Bank Capital Requirements The Center for American Progress submitted a comment letter to the Office of the Comptroller of the Currency, Federal Reserve, and Federal Deposit Insurance Corporation on their proposals to raise capital requirements for the largest banks—those with assets of $100 billion or more. Dec 14, 2023 Marc Jarsulic, Lilith Fellowes-Granda
Regulatory Change To Enhance Treasury Market Stability ReportNovember 2, 2023 Regulatory Change To Enhance Treasury Market Stability Nonbank financial actors have significantly disrupted U.S. and U.K. government debt markets in the past few years, but regulators can reduce some of these risks through existing authorities. Nov 2, 2023 Marc Jarsulic
Accessing Public Capital Without Public Disclosure Past EventOctober 11, 2023 Accessing Public Capital Without Public Disclosure Please join the Center for American Progress for an event to discuss the origin and potential risks of opaque private markets, and what can be done to avoid a future crisis. 1333 H St NW, Washington DC, 20005 Oct 11, 2023
CFPB Complaints State Fact Sheets: The CFPB Helps Consumers Nationwide ArticleOctober 3, 2023 CFPB Complaints State Fact Sheets: The CFPB Helps Consumers Nationwide The CFPB has stood up for everyday consumers and fought against unfair treatment across the United States, addressing consumer complaints nationwide. Oct 3, 2023 Crystal Weise, Lilith Fellowes-Granda, David Correa
How the Supreme Court’s Decision in CFPB v. CFSA Could Harm Consumers Past EventSeptember 28, 2023 How the Supreme Court’s Decision in CFPB v. CFSA Could Harm Consumers Please join the Center for American Progress, Sen. Elizabeth Warren, and an esteemed panel for an event that will focus on the ongoing importance of a strong and independent CFPB and its track record of success. 1333 H St. NW, Washington, D.C., 20005 Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Delaware Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Delaware The CFPB has stood up for everyday consumers and fought against unfair treatment in Delaware. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Florida Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Florida The CFPB has stood up for everyday consumers and fought against unfair treatment in Florida. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Illinois Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Illinois The CFPB has stood up for everyday consumers and fought against unfair treatment in Illinois. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Indiana Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Indiana The CFPB has stood up for everyday consumers and fought against unfair treatment in Indiana. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Alaska Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Alaska The CFPB has stood up for everyday consumers and fought against unfair treatment in Alaska. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Alabama Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Alabama The CFPB has stood up for everyday consumers and fought against unfair treatment in Alabama. Sep 28, 2023
Tackling Climate Change and Environmental Injustice IssueNovember 1, 2021 Tackling Climate Change and Environmental Injustice We pursue climate action that meets the crisis’s urgency, creates good-quality jobs, benefits disadvantaged communities, and restores U.S. credibility on the global stage.
Restoring Social Trust in Democracy IssueNovember 1, 2021 Restoring Social Trust in Democracy Democracy is under attack at home and abroad. We must act to ensure it is accessible to all, accountable, and can serve as a force of good.
Building an Economy for All IssueNovember 1, 2021 Building an Economy for All Economic growth must be built on the foundation of a strong and secure middle class so that all Americans benefit from growth.