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3 weeks ago | 
americanprogress.org | Lilith Fellowes-Granda |Alexandra Thornton
Issues [1] Introduction and summary Over the past year, the United States has experienced a series of destructive natural catastrophes. For example, 2025 began with weekslong wildfires affecting Los Angeles and its surrounding areas, taking the lives of 29 people; burning more than 58,000 acres of land; destroying 16,000 homes, businesses, and other structures;1 and displacing more than 100,000 residents.2 In September 2024, Hurricane Helene demolished the American Southeast,3 with...
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1 month ago | 
americanprogress.org | Lilith Fellowes-Granda |Alexandra Thornton
Issues [1] Center for American Progress The Trump Administration Is Hurting Consumers’ Wallets by Kneecapping the CFPB Share Most Americans can’t afford to lose money to corporations that cheat them or to banks and credit card companies that charge excessive fees, and they need somewhere to turn for help. They may not realize that the fine print on their car loan says the company can repossess the car after one missed payment or that a term buried several pages into their family’s home...
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Aug 8, 2024 | 
americanprogress.org | Alexandra Thornton
On August 7, 2024, the Center for American Progress submitted comments to the Commodity Futures Trading Commission (CFTC) regarding its proposal to update its event contracts rule and, among other changes, codify its long-standing position that financial agreements based on political election outcomes constitute gaming, are contrary to the public interest, and are thus prohibited from being listed on derivatives exchanges.
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May 31, 2024 | 
americanprogress.org | Alexandra Thornton
Importantly, the private fund industry already had a small amount of access to retail investors at the time the Dodd-Frank Act was passed, but Congress did not limit the additional disclosure authority it granted to the SEC to products sold directly to retail investors.
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Mar 30, 2024 | 
morningstar.com | Alexandra Thornton
By Alexandra Thornton A long-overdue step toward giving investors crucial information to make informed decisions Amid more costly climate disasters and a global transition to cleaner energy, investors in the U.S. and abroad are demanding more information about how businesses are handling these threats.
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Mar 25, 2024 | 
marketwatch.com | Alexandra Thornton
Amid more costly climate disasters and a global transition to cleaner energy, investors in the U.S. and abroad are demanding more information about how businesses are handling these threats. In response, the U.S. Securities and Exchange Commission (SEC) just released a final rule requiring public companies to disclose information about climate-related risks that impact their business operations or financial condition.
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Feb 29, 2024 | 
americanprogress.org | Alexandra Thornton
For 50 years, the SEC has been clear that public companies must disclose their material environmental risks. In 2010, the commission provided guidance regarding its existing disclosure requirements as they apply to climate change matters. In the 14 years since, the planet has continued to warm, creating more devastating storms, catastrophic wildfires, supply chain disruptions, and other significant losses for companies and their investors.
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Jan 11, 2024 | 
americanprogress.org | Alexandra Thornton
On September 21, 2023, Center for American Progress Senior Director of Financial Regulation Alexandra Thornton testified before the U.S. Securities and Exchange Commission’s (SEC) Investor Advisory Committee as part of a discussion regarding securities offerings that are exempt from the SEC’s public disclosure rules. During the panel, the committee focused on Regulation D, Rule 506, which is the most widely used exemption and the primary way private companies and funds raise capital.
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Jan 11, 2024 | 
americanprogress.org | Alexandra Thornton
On October 30, 2023, the Center for American Progress submitted comments to the Financial Accounting Standards Board (FASB) regarding its proposal to require companies to provide more detailed disclosures of certain types of expenses on their income statements. While supporting the enhanced disclosures, CAP strongly opposes the FASB’s exclusion of private companies from the enhanced requirements.
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Jan 11, 2024 | 
americanprogress.org | Alexandra Thornton
On January 2, 2024, the Center for American Progress submitted a comment letter to the Employee Benefits Security Administration (EBSA), an agency of the U.S. Department of Labor, in support of the EBSA’s proposed changes to the regulation that defines when a person is providing investment advice such that they are acting as a fiduciary under the Employee Retirement Income Security Act (ERISA).
