Americans for Financial Reform is a nonpartisan, nonprofit coalition working to lay the foundation for a strong, stable, and ethical financial system.

Letters to Congress: Letter in Support of the RECOUP Act

Americans for Financial Reform led a coalition letter to Majority Leader Schumer and Minority Leader McConnell urging them to pass S. 2190, the Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act.  This legislation would make it easier to hold executives accountable — and prevent the excessive risk-taking that leads to bank failures in the first place.

News Release: How a SCOTUS Ruling on CFPB this Term Could Destabilize Financial Markets

The impending oral arguments before the Supreme Court in the CFPB v. CFSA on Tuesday, October 3, will implicate not only a narrow pay-day rule but potentially years of CFPB enforcement work. Today, Americans for Financial Reform Education Fund (AFREF) and the Constitutional Accountability Center (CAC) are sharing evidence of the wide range of CFPB rules and enforcement actions that could be affected by the Supreme Court’s decision.

News Release: Consumer Bureau Announces Groundbreaking Plan to Protect Americans from the Devastating Effects of Medical Debt

WASHINGTON – D.C. – Consumer advocates at the National Consumer Law Center (NCLC), Community Catalyst, Americans for Financial Reform, National Association of Consumer Advocates, RIP Medical Debt, U.S. PIRG, and Colorado Center on Law and Policy cheer today’s announcement that the Consumer Financial Protection Bureau (CFPB) is proposing a prohibition on the reporting of all medical debts on credit reports. 

News Release: Legal Experts on Supreme Court Case Threatening CFPB, Fed & Others

Americans for Financial Reform, the Constitutional Accountability Center, and the Center for Responsible Lending held a press call on Wednesday, Sept. 13, to preview one of the most important cases coming before the Supreme Court this term: CFPB v CFSA, a constitutional challenge to the funding structure of the Consumer Financial Protection Bureau (CFPB). Oral arguments in the case are scheduled for Oct. 3.