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Press Release: New AFREF White Paper Details the Risks to Workers’ Retirement Savings from Misguided DOL 401(k) Proposal that Bails Out Private Equity
Today, Americans for Financial Reform Education Fund released a new white paper warning that the Trump administration’s proposal allowing private equity into people’ 401(k) retirement accounts will undermine their retirement security and amounts to a bailout of the private equity…
The Latest from AFR
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The Private Equity 401(k) Trap
Wall Street and the Trump administration are pushing dangerous deregulation to give private equity firms access to the more than $14 trillion in retirement savings kept in 401(k) and other defined contribution plans. The proposal would risk people’s retirement security and amount to a tremendous and regressive transfer of wealth from workers saving for retirement…
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AFR in the News
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Cointelegraph: Crypto’s CLARITY Act faces partisan fight over ethics on Senate floor
Progressive groups have called on lawmakers to address these concerns. A group of organizations including Americans for Financial Reform, Demand Progress Action, Indivisible and Public Citizen wrote a letter on May 8.
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Medium: The Power: Let’s Talk Voting & Economic Rights
The housing market is an area of the economy well known for divergent outcomes for Black and White Americans. Recently, research done by Americans for Financial Reform Education Fund found that Wells Fargo denied mortgages to Black and Latino Americans at twice the rate for White Americans. Americans of color are also more likely to…
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The Carolinian Newspaper: A Troubling Pattern of Racial Disparities In Wells Fargo’s Mortgage Lending
Charlotte, NC – Wells Fargo’s mortgage lending patterns demonstrate significant racial disparities in Charlotte and across North Carolina, according to a new report released by Americans for Financial Reform Education Fund, North Carolina United Power for Action/NC Industrial Areas Foundation, Organized Power in Numbers, and UNITE HERE North Carolina. The study analyzed nearly 25,000 North…
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Trump CFPB deleted nearly 4,000 webpages spanning 15 years
In late May, the Consumer Financial Protection Bureau (CFPB) under Trump-appointee and acting director Russell Vought launched a newly redesigned website that deprioritized consumer complaints and reframed the CFPB as a deregulatory agency rather than the nation’s only financial watchdog focused on protecting consumers in the market. As part of this overhaul, the Trump-Vought CFPB…
