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Press Release: OppFi Becomes Second Predatory Lender to Abandon National Bank Bid
Consumer advocates cheered news today that predatory lender Opportunity Financial (OppFi) has dropped its proposed acquisition of BNC Bank.
The Latest from AFR
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Report TRACING THE MONEY: Private Equity, Private Credit, and the Data Center Bubble
Private equity has been a largely hidden backer in the controversial AI boom and data center land rush. This first, comprehensive assessment of private equity ownership, investment, and private credit lending in the data center landscape uncovers that a set of giant private equity firms—interconnected with Big Tech companies—are behind a major portion of these…
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AFR in the News
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CU Daily: Consumer Groups Hail Decision by Opportunity Financial to Drop Bid to Acquire Bank
Tom Feltner, associate director of consumer policy at Americans for Financial Reform Education Fund, said a bank charter carries a responsibility to serve the public safely and fairly. He urged regulators to scrutinize other companies seeking access to the banking system, including those involved in buy now, pay later services and cryptocurrency.
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CryptoSlate: Crypto spent $55 million defending a senator who already backed CLARITY
Defend American Jobs, a crypto-backed political group, spent more than $55 million supporting Republican Jon Husted and opposing Sherrod Brown in Ohio between Sept. 21 and Oct. 26, according to Americans for Financial Reform.
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NJ Today: Crypto PACs pour more than $60 million into Ohio Senate race, watchdog says
Political action committees backed by the cryptocurrency industry have spent more than $60 million on ads and messaging in Ohio’s U.S. Senate race, supporting Republican Sen. Jon Husted and opposing Democrat Sherrod Brown, according to an analysis released Nov. 2 by Americans for Financial Reform.
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2026 Polling Shows Broad, Bipartisan Desire to Hold Wall Street and Big Tech Accountable to Lower Costs
Voters across party lines want elected officials to stand up to Wall Street and Big Tech and crack down on abusive financial practices that contribute to the affordability crisis, according to polling from Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). Nearly half of voters report that they or someone in…
