But too much of what should be plumbing to serve the “real economy” of households and businesses has turned into an unstable, money-extracting casino dominated by powerful giants.
Advocacy
Resources
Updates
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Press Release: Labor, Investor, and Consumer Advocates Urge Congress to Reject Deregulatory Bill that Imperils Workers’ Retirement Savings
Americans for Financial Reform along with the AFL-CIO, Communications Workers of America, Consumer Action, Consumer Federation of America, National Education Association, National Nurses United, Public Citizen, Service Employees International Union, The Academy of Financial Education, and United Auto Workers, wrote to the House in opposition of H.R. 3383, the INVEST Act.
AFR in the News
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VitalLaw: CREDIT, DEBIT AND GIFT CARDS—Senate Democrats’ bill would allow states to cap consumer interest rates
Tom Feltner, associated director of consumer policy at Americans for Financial Reform, said states’ role in consumer financial protection “has only become more vital since the administration has attempted to shutter the Consumer Financial Protection Bureau, halt its efforts to bring down costs, and roll back its work to enforce critical financial protections.”
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Economic Policy Institute: Trump is pushing to include risky assets like crypto and private equity in 401(k)s
A recent overview published by the American Federation of Teachers, Americans for Financial Reform Education Fund, and the American Association of University Professors examined this question closely and cast doubt on the value of alternative investments for pension funds, especially when adjusting for risk and illiquidity.
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Bank Policy Institute: Do Mortgage Escrow Interest Requirements Benefit Consumers?
The groups represented include America’s Credit Unions, Americans for Financial Reform, Bank Policy Institute, Center for Responsible Lending, Consumer Federation of America, Independent Community Bankers of America, National Consumer Law Center (on behalf of its low-income clients), National Community Reinvestment Coalition and U.S. PIRG.
