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
Analysis of CFPB Complaints by State: Helping Consumers in Kansas Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Kansas The CFPB has stood up for everyday consumers and fought against unfair treatment in Kansas. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Colorado Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Colorado The CFPB has stood up for everyday consumers and fought against unfair treatment in Colorado. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Connecticut Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Connecticut The CFPB has stood up for everyday consumers and fought against unfair treatment in Connecticut. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in New Hampshire Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in New Hampshire The CFPB has stood up for everyday consumers and fought against unfair treatment in New Hampshire. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in New Mexico Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in New Mexico The CFPB has stood up for everyday consumers and fought against unfair treatment in New Mexico. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in North Carolina Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in North Carolina The CFPB has stood up for everyday consumers and fought against unfair treatment in North Carolina. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Ohio Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Ohio The CFPB has stood up for everyday consumers and fought against unfair treatment in Ohio. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Rhode Island Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Rhode Island The CFPB has stood up for everyday consumers and fought against unfair treatment in Rhode Island. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in South Dakota Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in South Dakota The CFPB has stood up for everyday consumers and fought against unfair treatment in South Dakota. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Tennessee Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Tennessee The CFPB has stood up for everyday consumers and fought against unfair treatment in Tennessee. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Utah Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Utah The CFPB has stood up for everyday consumers and fought against unfair treatment in Utah. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Vermont Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Vermont The CFPB has stood up for everyday consumers and fought against unfair treatment in Vermont. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Washington Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Washington The CFPB has stood up for everyday consumers and fought against unfair treatment in Washington. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Wyoming Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Wyoming The CFPB has stood up for everyday consumers and fought against unfair treatment in Wyoming. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Wisconsin Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Wisconsin The CFPB has stood up for everyday consumers and fought against unfair treatment in Wisconsin. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in West Virginia Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in West Virginia The CFPB has stood up for everyday consumers and fought against unfair treatment in West Virginia. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in South Carolina Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in South Carolina The CFPB has stood up for everyday consumers and fought against unfair treatment in South Carolina. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Oklahoma Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Oklahoma The CFPB has stood up for everyday consumers and fought against unfair treatment in Oklahoma. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in North Dakota Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in North Dakota The CFPB has stood up for everyday consumers and fought against unfair treatment in North Dakota. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Nevada Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Nevada The CFPB has stood up for everyday consumers and fought against unfair treatment in Nevada. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Montana Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Montana The CFPB has stood up for everyday consumers and fought against unfair treatment in Montana. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Missouri Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Missouri The CFPB has stood up for everyday consumers and fought against unfair treatment in Missouri. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Mississippi Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Mississippi The CFPB has stood up for everyday consumers and fought against unfair treatment in Mississippi. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Minnesota Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Minnesota The CFPB has stood up for everyday consumers and fought against unfair treatment in Minnesota. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Michigan Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Michigan The CFPB has stood up for everyday consumers and fought against unfair treatment in Michigan. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Massachusetts Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Massachusetts The CFPB has stood up for everyday consumers and fought against unfair treatment in Massachusetts. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Maryland Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Maryland The CFPB has stood up for everyday consumers and fought against unfair treatment in Maryland. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Maine Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Maine The CFPB has stood up for everyday consumers and fought against unfair treatment in Maine. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Louisiana Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Louisiana The CFPB has stood up for everyday consumers and fought against unfair treatment in Louisiana. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Kentucky Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Kentucky The CFPB has stood up for everyday consumers and fought against unfair treatment in Kentucky. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Idaho Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Idaho The CFPB has stood up for everyday consumers and fought against unfair treatment in Idaho. Sep 28, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Hawaii Fact SheetSeptember 28, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Hawaii The CFPB has stood up for everyday consumers and fought against unfair treatment in Hawaii. Sep 28, 2023
CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets ReportSeptember 28, 2023 CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets The U.S. Supreme Court is considering a case challenging the autonomy of the single most important agency for the protection of consumers in the financial markets—and its decision could spread uncertainty and harm far beyond the agency. Sep 28, 2023 Lilith Fellowes-Granda, Devon Ombres, Alexandra Thornton, 1 More Crystal Weise
Analysis of CFPB Complaints by State: Helping Consumers in Texas Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Texas The CFPB has stood up for everyday consumers and fought against unfair treatment in Texas. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in New Jersey Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in New Jersey The CFPB has stood up for everyday consumers and fought against unfair treatment in New Jersey. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Arkansas Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Arkansas The CFPB has stood up for everyday consumers and fought against unfair treatment in Arkansas. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Georgia Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Georgia The CFPB has stood up for everyday consumers and fought against unfair treatment in Georgia. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Virginia Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Virginia The CFPB has stood up for everyday consumers and fought against unfair treatment in Virginia. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Iowa Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Iowa The CFPB has stood up for everyday consumers and fought against unfair treatment in Iowa. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Pennsylvania Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Pennsylvania The CFPB has stood up for everyday consumers and fought against unfair treatment in Pennsylvania. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in New York Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in New York The CFPB has stood up for everyday consumers and fought against unfair treatment in New York. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Nebraska Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Nebraska The CFPB has stood up for everyday consumers and fought against unfair treatment in Nebraska. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in California Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in California The CFPB has stood up for everyday consumers and fought against unfair treatment in California. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Oregon Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Oregon The CFPB has stood up for everyday consumers and fought against unfair treatment in Oregon. Sep 25, 2023
Analysis of CFPB Complaints by State: Helping Consumers in Arizona Fact SheetSeptember 25, 2023 Analysis of CFPB Complaints by State: Helping Consumers in Arizona The CFPB has stood up for everyday consumers and fought against unfair treatment in Arizona. Sep 25, 2023
CAP’s Comments on Proposed Amendments to Auditing Standards Related to a Company’s Noncompliance With Laws and Regulations ArticleAugust 8, 2023 CAP’s Comments on Proposed Amendments to Auditing Standards Related to a Company’s Noncompliance With Laws and Regulations The Center for American Progress submitted comments to the Public Company Accounting Oversight Board supporting critical updates and enhancements to auditing standards aimed at helping investors avoid misplacing their trust in companies that are not complying with laws and regulations. Aug 8, 2023 Alexandra Thornton
Right-wing politicians playing ‘armchair financial advisor’ are putting Americans’ retirements at risk In the NewsAugust 5, 2023 Right-wing politicians playing ‘armchair financial advisor’ are putting Americans’ retirements at risk Alexandra Thornton writes in The Hill about why policymakers across the country need to protect Americans' right to invest. Aug 5, 2023 The Hill Alexandra Thornton
CAP Comments on the FSOC’s Proposed Analytic Framework and Nonbank Designation Guidance ArticleJuly 27, 2023 CAP Comments on the FSOC’s Proposed Analytic Framework and Nonbank Designation Guidance The Center for American Progress submitted comment letters to the Financial Stability Oversight Council on their proposed analytic risk framework and guidance on nonbank financial company designations. Jul 27, 2023 Lilith Fellowes-Granda
Comments on the National Credit Union Administration’s Request for Information Regarding Climate-Related Financial Risk ArticleJune 27, 2023 Comments on the National Credit Union Administration’s Request for Information Regarding Climate-Related Financial Risk The Center for American Progress submitted a comment to the National Credit Union Administration on the effects of climate-related financial risks and the steps to manage and mitigate exposure to those risks. Jun 27, 2023 Crystal Weise, David Correa, Lilith Fellowes-Granda
4 Things Bank Regulators Can Do to Help Prevent Bank Failures ArticleApril 27, 2023 4 Things Bank Regulators Can Do to Help Prevent Bank Failures In addressing the recent instability within the U.S. financial system, regulators must confront continuing risk and bank fragility. Apr 27, 2023 Marc Jarsulic, Alexandra Thornton, Lilith Fellowes-Granda
Executive Summary: How Exemptions From Securities Laws Put Investors and the Economy at Risk ArticleMarch 22, 2023 Executive Summary: How Exemptions From Securities Laws Put Investors and the Economy at Risk A new report from the Center for American Progress explains why Congress and the SEC should roll back public registration and reporting exemptions that undermine the basic bargain of the securities laws. Mar 22, 2023 Tyler Gellasch, Alexandra Thornton, Crystal Weise
How Exemptions From Securities Laws Put Investors and the Economy at Risk ReportMarch 22, 2023 How Exemptions From Securities Laws Put Investors and the Economy at Risk Congress and the SEC should roll back public registration and reporting exemptions that undermine the basic bargain of the securities laws; companies seeking to raise capital from the public must first disclose reliable information about their operations, finances, and governance. Mar 22, 2023 Tyler Gellasch, Alexandra Thornton, Crystal Weise
Washington Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations TestimonyMarch 14, 2023 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 S.B. 5284, a bill that would strengthen campaign-related spending disclosure requirements and limit political spending by U.S. corporations with appreciable foreign ownership. Mar 14, 2023 Michael Sozan
CAP’s Comment on the Request for Information Regarding Public Transparency on the Low-Financial-Value Postsecondary Programs List ArticleFebruary 23, 2023 CAP’s Comment on the Request for Information Regarding Public Transparency on the Low-Financial-Value Postsecondary Programs List In a comment letter submitted to the U.S. Department of Education, Madison Weiss provides recommendations on the low-financial-value postsecondary programs list. Feb 23, 2023 Madison Weiss
Hawaii Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations TestimonyFebruary 22, 2023 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. 1179, a bill that would limit political spending by U.S. corporations with appreciable foreign ownership. Feb 22, 2023 Michael Sozan
Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses In the NewsFebruary 8, 2023 Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses Alexandra Thornton testified before the the U.S. House Financial Services Committee Subcommittee on Capital Markets to discuss capital access for entrepreneurs and small businesses. Feb 8, 2023 the U.S. House Financial Services Committee Subcommittee on Capital Markets Alexandra Thornton
CAP Comments on the Fed’s Proposed Climate-Related Risk Management Principles for Large Banks ArticleFebruary 7, 2023 CAP Comments on the Fed’s Proposed Climate-Related Risk Management Principles for Large Banks The Center for American Progress submitted a comment letter to the Federal Reserve Board regarding the board’s proposed climate-related financial risk management principles for the largest U.S. banks. Feb 7, 2023 Lilith Fellowes-Granda
3 Antitrust Lessons From the Taylor Swift Ticketmaster Debacle ArticleNovember 22, 2022 3 Antitrust Lessons From the Taylor Swift Ticketmaster Debacle Ticketmaster’s bungling of Taylor Swift tickets illustrates the importance of market competition and vigorous antitrust enforcement. Nov 22, 2022 Marc Jarsulic
Opinion: Expecting the Fed to solve inflation on its own ignores important root causes that the Fed can’t touch In the NewsSeptember 21, 2022 Opinion: Expecting the Fed to solve inflation on its own ignores important root causes that the Fed can’t touch Marc Jarsulic examines why relying on the Federal Reserve alone is insufficient to reduce inflation. Sep 21, 2022 MarketWatch Marc Jarsulic
The Inflation Reduction Act: What It All Means Past EventSeptember 14, 2022 The Inflation Reduction Act: What It All Means Please join the Center for American Progress for a multipanel discussion with OMB Director Shalanda Young, one of the key officials responsible for implementing the IRA, and everyday Americans about the Inflation Reduction Act and what it will mean for the United States and the American people. Sep 14, 2022
Fed should supervise foreign banks like their U.S. counterparts In the NewsSeptember 7, 2022 Fed should supervise foreign banks like their U.S. counterparts Lilith Fellowes-Granda argues that, for the sake of financial stability, the Federal Reserve should supervise foreign banks as they do their U.S. counterparts. Sep 7, 2022 American Banker Lilith Fellowes-Granda
BankThink Regulators must vigorously police bank mergers In the NewsJune 21, 2022 BankThink Regulators must vigorously police bank mergers Todd Phillips urges regulators to more forcefully police bank mergers due to the unique risks they pose to the U.S. economy. Jun 21, 2022 American Banker Todd Phillips
An Action Plan for the Bank Regulators ReportJune 9, 2022 An Action Plan for the Bank Regulators Bank regulators must reverse Trump-era policies, finish long-delayed projects, and address emerging risks. Jun 9, 2022 Todd Phillips, Jeremy Kress
Congress may be getting it wrong: Crypto should be regulated just like other financial assets In the NewsMarch 7, 2022 Congress may be getting it wrong: Crypto should be regulated just like other financial assets Todd Phillips and Alex Thornton question Congress' current approach to crypto regulation and urge a new path forward. Mar 7, 2022 MarketWatch Todd Phillips, Alexandra Thornton
A Climate and Competition Agenda for the Commodity Futures Trading Commission ReportFebruary 1, 2022 A Climate and Competition Agenda for the Commodity Futures Trading Commission The Commodity Futures Trading Commission must ensure that derivatives markets facilitate the transition to a carbon-neutral economy; are capable of withstanding climate risks; and are competitive, transparent, and safe for all market participants under the commission’s jurisdiction. Feb 1, 2022 Todd Phillips
The Biden Boom: Economic Recovery in 2021 ArticleJanuary 19, 2022 The Biden Boom: Economic Recovery in 2021 President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting. Jan 19, 2022 Seth Hanlon, Lily Roberts, Andres Vinelli, 2 More Rose Khattar, Nick Buffie
The Net-Zero Banking Alliance ArticleNovember 4, 2021 The Net-Zero Banking Alliance A new private sector-led initiative presents the opportunity for major global financial institutions to play a key role in decarbonizing the global economy. Nov 4, 2021 Trevor Sutton
The SEC’s Regulatory Role in the Digital Asset Markets ReportOctober 4, 2021 The SEC’s Regulatory Role in the Digital Asset Markets As the markets for digital assets such as cryptocurrencies grow, the U.S. Securities and Exchange Commission and other financial regulators must impose sensible regulations on digital assets to protect traders and investors. Oct 4, 2021 Todd Phillips
The SEC Has Broad Authority To Require Climate and Other ESG Disclosures ReportJune 10, 2021 The SEC Has Broad Authority To Require Climate and Other ESG Disclosures Increasing demand for companies to provide enhanced disclosures on climate-related and other environmental, social, and governance matters has raised questions about the Securities and Exchange Commission’s authority to require disclosures. That authority is broad and not limited to materiality. Jun 10, 2021 Alexandra Thornton, Tyler Gellasch
5 Priorities for the Financial Stability Oversight Council ReportMarch 31, 2021 5 Priorities for the Financial Stability Oversight Council A vigorous FSOC could go a long way toward creating a U.S. financial system that is resilient and positioned to support long-term growth. Mar 31, 2021 Gregg Gelzinis
Switching to Responsible Banking ReportFebruary 26, 2021 Switching to Responsible Banking By enhancing information on environmental, social, and governance matters in banking and facilitating competition, the CFPB and bank regulators can reduce financial abuses and empower consumers to align the financial system with sustainable values. Feb 26, 2021 Divya Vijay, Andy Green
The SEC’s Time To Act ReportFebruary 19, 2021 The SEC’s Time To Act The U.S. Securities and Exchange Commission should begin using its authority to mandate climate-related disclosures in order to address climate-related risks to investors, the economy, and the public. Feb 19, 2021 Alexandra Thornton, Andy Green
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.