Americans for Financial Reform is a nonpartisan, nonprofit coalition working to lay the foundation for a strong, stable, and ethical financial system.
CFPB Rally Feb 10 2025 crowd

Call Congress and demand they stop the attack on the CFPB

The Consumer Financial Protection Bureau (CFPB) is under attack right now in Congress and by the Trump administration like never before. Not only are Elon Musk, Wall Street and their allies in Congress working to completely defund and shut down the CFPB, efforts are underway

News Release: Rally With Waters, Warren to Defend CFPB

On Monday, February 10, Senator Elizabeth Warren, Representative Maxine Waters, and others will gather for a rally at the Consumer Financial Protection Bureau (CFPB). Elon Musk and Donald Trump are stealing from consumers, attempting to kill this essential agency that protects Americans from fraud and exploitation at the hands of banks and other corporations.

CFPB

News Release: AFREF Seeks Information About Musk Team at CFPB

Americans for Financial Reform Education Fund, a coalition of over 200 public interest groups fighting for a fairer financial system, today demanded answers from the Consumer Financial Protection Bureau about the reported presence at the agency of three representatives of Elon Musk’s so-called DOGE team.

Statement: AFR Statement for the Record for House Hearing Defending Overdraft Rule and Small Business Lending Transparency

AFR submitted a Statement for the Record to the House Financial Services Committee to oppose both the resolution of disapproval of the CFPB’s overdraft fee rule as well as the legislative proposals that would repeal or weaken the small business and farm lending transparency rules. These proposals will hurt everyday people, including consumers and their families, as well as small business owners and farmers and the communities they serve.

CFPB

News Release: Broad Coalition Rejects Attempts to Gut Rule that Will Save Consumers Billions

Today, the Republican House majority revealed draft legislation to stop the Consumer Financial Protection Bureau’s (CFPB) overdraft rule from going into effect on October 1, 2025. The CFPB’s overdraft fee rule will reduce big bank overdraft fees from $35 per transaction down to $5, a move that will save the 23 million households in the United States that pay overdraft fees $5 billion annually, or $225 per family.