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.
At a time when far-right forces are literally dismantling the government, including stripping away most agencies’ regulatory and oversight capacity, further deregulation of the financial system would be a dangerous mistake that would help advance the far-right’s democracy-grab. The House and Senate Republicans are advancing so-called capital formation legislation that purports to be about helping companies raise capital but are really about undermining investor protections and exposing small investors—read people’s retirement and life savings—to the riskiest parts of the financial system.
Americans for Financial Reform and seven other public interest organizations submitted a letter urging U.S. Senators to oppose the nomination of Jonathan V. Gould to serve as Comptroller of the Currency.
The House Financial Services Committee today approved a massive giveaway to the cryptocurrency industry with a bill on stablecoins that lacks basic fraud and consumer safeguards and does nothing to address the corrupt crypto business deals that the Trump family is now pursuing. It also approved a bill to gut small business and farm lending transparency requirements under Section 1071 of the Dodd-Frank Act.
In the wake of last weekend’s Tesla Takedown’s day of action at hundreds of dealerships across the country, financial officers on both sides of the political aisle weighed in on how to address Tesla’s tanking share price. New York City Comptroller Brad Lander called for accountability from Elon Musk and Tesla’s board of directors;
Congressional Republicans are showing their Big Tech true colors. Today, House Republicans will push to repeal a commonsense rule that requires payment apps like Cash App and PayPal to follow the same consumer protection rules as the payment apps the banks offer.
Today, the Office of the Comptroller of the Currency (OCC) announced its withdrawal from participation in the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The climate principles covered large banks with over $100 billion in assets and were released jointly in 2023 by all three federal bank regulators: the OCC, the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC).
FOR IMMEDIATE RELEASE: April 1, 2025 CONTACT: Carter Dougherty, carter@ourfinancialsecurity.org Nearly 190 Organizations Urge House of Representative to Oppose Musk-Fueled Rollback of CFPB Digital Payment Oversight WASHINGTON, D.C. — Today, 187 community, technology, labor, civil rights, privacy, consumer, small business, and other organizations delivered a
The Trump administration’s decision to reverse an already settled lawsuit against a Chicago mortgage lender over a pattern of failing to serve Black neighborhoods and egregiously racist conduct is an unprecedented attack on the nation’s laws against discrimination in financial services, according to a new analysis from Americans for Financial Reform.
In an astounding first, the Trump-appointed leadership of the Consumer Financial Protection Bureau has requested that a federal court reverse a racial discrimination settlement that the agency had previously reached with Townstone Financial, a Chicago-based mortgage lender.
Tuesday afternoon, Federal Housing Finance Agency (FHFA) Director Bill Pulte sent out a flurry of orders via tweets containing photographs of documents, including rescission of its Advisory Bulletin on Climate-Related Risk Management (Climate Risk AB) and waiver of Equitable Housing Finance Plan (EHFP) requirements for Fannie Mae and Freddie Mac (the Enterprises).
