All posts by AFR

Blog: The Project 2025 Capital Formation Trojan Horse Attack on Mom and Pop Investors

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.

News Release: House Committee Passes Crypto Bill Devoid of Fraud and Corruption Limits

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.

Blog: Tesla and the Case of the Dueling Financial Officers

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;

News Release: OCC’s Retreat on Climate Risk at Odds with Economic Reality

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).

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News Release: Organizations Urge House of Representative to Oppose Musk-Fueled Rollback of CFPB Digital Payment Oversight

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

News Release: Housing Agency’s Disregard for Growing Climate Risk Will Only Deepen the Housing Affordability Crisis

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).