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Find more information on the issues deeply affected by private equity investments:
TPG Capital and Blackstone affiliates at center of Puerto Rico foreclosure crisis
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”: “Blackstone…
Community groups ask New York State Comptroller to halt new investments with TPG, Blackstone over Puerto Rico 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…
Newsweek op-ed: Puerto Rico can’t afford another crisis, it needs a moratorium on all foreclosures
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…
Blackstone Group’s Invitation Homes criticized for evictions, aggressive rent hikes in new report
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…
Apollo, Varde Partners to acquire OneMain, largest subprime installment lender
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…
Consumer advocates call on PE firms active in payday, installment lending to abide by standards of conduct
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…
Huffington Post: “Prestige Predators: Private Equity Cashes In On Payday Lending”
An article from Huffington Post, “Prestige Predators: Private Equity Cashes In On Payday Lending” features our new report Private Equity Piles into Payday and Other Subprime Consumer Lending, put together in collaboration with Americans for Financial Reform and…
