We stand in solidarity with the families of George Floyd, Breonna Taylor, Ahmaud Arbery, and the millions of Black people subject to racial oppression, violence, and murder at the hands of the police and of white supremacists.
This week, the Trump administration withdrew a 2022 Consumer Financial Protection Bureau (CFPB) lawsuit against MoneyGram for its persistent failure to comply with consumer protection laws by failing to promptly deliver transfers, resolve disputes, and implement policies to comply with the law. The Trump CFPB’s refusal to hold MoneyGram accountable for its repeated and ongoing unlawful behavior is part of a pattern of willfully ignoring lawbreaking and letting financial scofflaws off the hook.
As communities across the country face increasingly severe and frequent climate disasters, a new guide released today by the Equitable & Just Insurance Initiative offers a slate of actions local and state governments can take to protect renters, homeowners, communities, and insurance policyholders.
Healthcare has become a nightmare: rising costs, denied care, and mounting patient debt, all while Wall Street rakes in massive profits. On February 24, 2025, Americans for Financial Reform Education Fund (AFREF) and the Health and Political Economy Project (HPEP) hosted a webinar featuring physician and researcher Dr. Victor Roy, economist Lenore Palladino, and longtime physician and healthcare policy expert Dr. Donald Berwick.
“Deemphasizing orderly resolution planning heightens the chances that floundering banks will be unprepared and more likely to fail,” said Patrick Woodall, managing director for policy at Americans for Financial Reform, a Washington-based coalition of consumer and investor advocates.”
Banking has changed a lot since 1977, but CRA regulations have not been meaningfully updated in three decades. In 2023, the banking regulators modernized the old brick and mortar banking rules for the modern era and strengthened CRA performance evaluations. Under new Trump-appointed leadership, regulators are now inexplicably walking away from these improvements.
The Senate approved the nomination of Paul Atkins to serve as Chair of the U.S. Securities and Exchange Commission on a partisan vote putting a deeply flawed nominee in office at a time of great market turmoil that could threaten investors, retirees and pensions, equity markets, and the broader economy.
The House majority today chose to give Wall Street banks free reign to charge outrageous overdraft junk fees and to abandon oversight of payment apps run by Big Tech and Elon Musk. Along partisan lines, the House voted to roll back two popular safeguards created by the Consumer Financial Protection Bureau (CFPB). Already passed by the Senate, the measures now go to President Trump to be signed into law.
The #HandsOff demonstrations on April 5 included many different people, organizations, and causes, all united in an effort to stop the Trump administration’s destruction of the federal government and American democracy. Americans for Financial Reform was among the groups that supported the effort, with a particular focus on one subject: “Hands Off Our CFPB.”
Public Citizen and Americans for Financial Reform Education Fund submitted a comment to the New York State Department of Financial Services (DFS) on its proposal to evaluate nonbank mortgage lenders in New York based on their performance in meeting the credit needs of the communities where they operate, including needs related to increasing climate risks on housing
Americans for Financial Reform Education Fund (AFREF) submitted a comment letter supporting a Consumer Financial Protection Bureau’s advanced notice of proposed rulemaking (ANPR) to provide relief to victims of coerced debt
