Find more information on the issues deeply affected by private equity investments:
New Jersey State Senate President Pro Tempore M.Teresa Ruiz earlier today introduced a bill (S1914) to prohibit state investments in companies that target victims of Hurricane Maria in Puerto Rico, by pursuing foreclosures – either directly or indirectly – during…
In December 2017 and January 2018, community groups and Puerto Rican diaspora groups concerned about TPG Capital’s and The Blackstone Group’s foreclosures in Puerto Rico held protests at TPG’s and Blackstone’s offices. The groups called on Blackstone and TPG…
The Financial Times’ private equity-focused publication FundFire yesterday had a long article (“Blackstone, TPG Face New Pressure on Puerto Rico Loans” (Paywall)) on efforts by community groups and Puerto Rican diaspora groups to get private equity firms TPG Capital…
The Pennsylvania Attorney General’s Office in 2014 filed suit against venture capital-backed Think Finance alleging the firm had utilized illegal tribal lending and “rent-a-bank” schemes to circumvent Pennsylvania usury laws. In mid 2017, the Pennsylvania AG added Chicago-based private…
Recently, private equity firms Blackstone Group and TPG Capital drew media attention for foreclosing on homeowners in hurricane-ravaged Puerto Rico. From the New York Times, Dec 16, 2017, “The Next Crisis for Puerto Rico: A Crush of Foreclosures”:…
Last week, community and Puerto Rican diaspora groups sent a letter to New York State Comptroller Thomas DiNapoli asking him to hold off on further investments with private equity firms TPG Capital and Blackstone Group until they halt foreclosures in…
Private equity and real estate firm The Blackstone Group owns Invitation Homes, which late last year became the largest single-family rental landlord in the country when it merged with Starwood Waypoint Homes. The combined company owns over 82,000 homes…
Earlier this week Julio López Varona, the lead signer on recent letters to Blackstone and TPG Capital calling on them to halt foreclosures in Puerto Rico and provide a path for families to stay in their homes, wrote…
On January 4, private equity firms Apollo Global Management and Varde Partners announced that they are acquiring Fortress Investment Group’s stake in OneMain Holdings, the largest subprime installment lender in the country. The acquisition is expected to close during…
Last Friday, consumer advocates the National Consumer Law Center, the Center for Responsible Lending, Americans for Financial Reform and People’s Action sent letters to the private equity firms mentioned in our recent report calling on them to abide by…
From report “Private equity piles into payday lending and other subprime consumer lending” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) In recent years, a number of tech-enabled, venture capital-funded startups have…
From report “Private equity piles into payday lending and other subprime consumer lending” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) Chicago-based private equity firm Victory Park Capital, which features former US…
