Americans for Financial Reform is a nonpartisan and nonprofit coalition of more than 200 civil rights, consumer, labor, business, investor, faith-based, and civic and community groups. Formed in the wake of the 2008 crisis, we are working to lay the foundation for a strong, stable, and ethical financial system – one that serves the economy and the nation as a whole. AFR has been called “the leading voice for Wall Street accountability” in Washington (by Zach Carter of the Huffington Post).
Through policy analysis, education, and outreach to our members and others, AFR builds public will for substantial reform, including:
- Fair rules of the road for consumers and a strong, effective Consumer Financial Protection Bureau to set basic safety standards and protect families—and the market as a whole—from loans designed to trick and trap
- A banking system that helps people buy and stay in their homes and invests in communities and businesses to create good jobs and strong neighborhoods
- An end to the casino economy that allows Wall Street to make “heads we win, tails they lose” bets with our money
- An end to megabank bailouts and financial institutions that are “too big to fail”
- Executive compensation that rewards long-term value creation, not excessive risk-taking, with meaningful shareholder review
- A transparent and accountable Federal Reserve, independent of banking industry control
- Transparency for all financial products and markets
- Meaningful limits on the political influence of the financial sector, so that the job of rewriting the rules is not left to the inside players who caused the problems we now face
A separate project, the AFR Activism Fund, pursues these goals through a range of nonpartisan advocacy activities. AFR is a project of The Leadership Conference Education Fund (a 501C3). The AFR Activism Fund is a project of The Leadership Conference on Civil and Human Rights (a 501C4). Neither the Leadership Conference nor the AFR Activism Fund receives tax-deductible contributions.
AFR “did many things right…” It was an “adept inside player, pulling together and skillfully managing a broad and diverse alliance of Washington-based and state and local citizens’ organizations” winning “respect for its expertise on the full complement of complex financial and consumer protection issues that made up the legislative package. And the coalition was strategically adroit, matching political opportunities with the capabilities and resources at its disposal.” – Larry Kirsch and Robert H. Mayer, Financial Justice (Praeger Books, 2013)
“Creating a small team to organize the overall campaign for reform was a brilliant move. Instead of each nonprofit putting a little time into fighting for this or that provision, AFR coordinated the efforts of dozens of groups, magnifying the work of each one by helping them speak with a single voice… The staffers and lobbyists and lawyers for the megabanks outnumbered them by a zillion to one, but the AFR people were there – day in and day out – hammering on the need for financial reform. They worked their hearts out.” – Senator Elizabeth Warren, A Fighting Chance (Metropolitan Books, 2014)
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