Americans for Financial Reform is a nonpartisan, nonprofit coalition working to lay the foundation for a strong, stable, and ethical financial system.
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In The News: A Majority of Democratic and Republican Voters Want Tougher Wall Street Regulations (Vox)

“I think really the most striking thing about this polling has been its consistency,” Lisa Donner, executive director of Americans for Financial Reform, told Vox. “The experience of the crisis was a really deep and serious one for people. It may have faded into memory of some policy makers and some regulators, unfortunately, but it has not faded in people’s memory because the experience was long-lasting for people.”

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News Release: Joint Statement from AFR & U.S. PIRG – Supreme Court agrees to hear case about limits of executive power

Can Congress limit the president’s ability to fire the director of the CFPB? For immediate release: Friday, Oct. 18, 2019 Media contacts: Ed Mierzwinski, Senior Director, U.S. PIRG Federal Consumer Programs, 202-461-3821, edm@pirg.org Mark Morgenstein, Director of Media Relations, U.S. PIRG,  markm@publicinterestnetwork.org, (w) 303-573-5556, (c)

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News Release: The Students Not Profits Act will protect public dollars from abuses at for-profit colleges

Americans for Financial Reform welcomes the introduction of The Students Not Profits Act, let by Representative Pramila Jayapal, and Senators Sherrod Brown and Elizabeth Warren. The for-profit college industry is plagued with bad outcomes for students, has a record of law breaking and abuse, and is responsible for 34% of student loan defaults, despite only enrolling 9% of post-secondary students. The Students Not Profits Act is a welcome and bold step to ensure that public dollars are not supporting and enabling malfeasance.

students in graduation cap and gowns - Photo by Caleb Woods on Unsplash

Joint Letter: 42 Orgs Urge Senator Alexander to Protect Consumers and Taxpayers

On October 9th, AFR joined with 41 organizations representing in a letter to Senator Lamar Alexander expressing concerns regarding his recently introduced bill, the Student Aid Improvement Act. Unfortunately, the bill fails to include any provisions that hold low-quality and sometimes predatory colleges accountable, and better protect students and taxpayers. Any reauthorization of the Higher Education Act (HEA) must include robust consumer protections.