All posts by team

Blog: Holiday Wishes for Less Credit Card Gouging

We are now full-on into the mad rush of the busiest shopping season of the year and retail sales are expected to reach a record breaking $75 billion just from Black Friday through Cyber Monday. But can we really afford all of these purchases? Or are we being lured into an endless credit card debt trap that will take the rest of the year — or longer — to pay off the interest and fees and charges?

In the News: New Ticker (Politico)

Americans for Financial Reform has launched a tracker tallying the late fees that have been collected since 5th Circuit Court of Appeals stopped the Consumer Financial Protection Bureau’s limit on credit card late fees from taking effect.

Letters to Regulators: NCUA Budget for 2025-2026 Should Dedicate Funding to Support Climate Financial Risk Mitigation and Climate Resilience Opportunities for Credit Unions & Their Members

Americans for Financial Reform Education Fund led and submitted a letter to the National Credit Union Administration (NCUA) on the agency’s draft 2025-2026 budget. It urges NCUA to appropriately dedicate funding to support credit unions on climate-related financial risk mitigation, climate resilience, and providing safe, equitable

News Release: Live Counter Tallies Cost to Consumers as Big Banks Block Credit Card Late Fee Cap

A cap on junk fees could have saved consumers billions. Now, opposition from big Wall Street banks is costing consumers $317 each and every second.

Today, Americans for Financial Reform is launching the Wall Street Ripoff Counter that tallies the money consumers have lost since big banks managed to block a new consumer protection limiting credit card late fees in court.