The giveaways to private equity firms subsidize predatory and extractive practices that harm workers, families, and communities. At the same time, the big, brutal bill dismantles critical agencies like the Consumer Financial Protection Bureau, making people more vulnerable to scams, rip-offs, and junk fees.
This week, the Trump Consumer Financial Protection Bureau (CFPB) terminated its previous order for the Navy Federal Credit Union to return $80 million to customers who had been charged illegal overdraft fees.
AFREF joined Public Citizen and other groups in a letter to the Securities and Exchange Commission in defense of executive compensation disclosures.
Today a group of 193 civil rights, community, consumer, labor, faith-based, small business, farm, and other organizations urged the Senate to stand up for the Consumer Financial Protection Bureau (CFPB) and oppose devastating attacks on its budget and independence in the budget reconciliation bill.
Today, 13 housing, economic justice, community, and other advocacy organizations sent a letter to the Senate urging the consideration of Senator Merkley’s HOPE for Homeownership Act during the budget reconciliation debate.
The Wall Street investor class benefits from tax breaks and lax oversight in the Big Brutal reconciliation bill. The legislation guts consumer protections and eliminates critical programs that people rely upon just to enrich billionaires and Wall Street tycoons. The Senate has other options that would avoid slashing basic support for working families.
Americans for Financial Reform Education Fund organized and submitted a letter signed by 16 organizations to the International Sustainability Standards Board (ISSB). The letter pushes back on proposed amendments to the ISSB’s global greenhouse gas emissions disclosure framework that would exclude GHG emissions disclosure from
As lawmakers continue to crunch the budget on Capitol Hill, the private equity (PE) industry is trying to protect its coveted carried interest tax loophole, which rewards its extractive risk-taking and exploitation of workers, communities and the public. This time, private equity firms are using a network of companies that they own, financially support, or are associated with to project an artificial image of homegrown resistance. In Texas and Louisiana, PE has enlisted oil and gas producers to fight its fight. And more widely across the country, they have brought in corporate landlords to do the same.
AFR sent a letter urging the U.S. Senate to make Wall Street and private equity firms pay their fair share. The budget bill includes massive tax cuts for the ultra-wealthy and savage cuts to critical programs that support working families, making it the most regressive bill in decades. Closing ten Wall Street tax loopholes would make the tax code fairer and could eliminate the cuts in the big, brutal bill.
Labor unions, investors, and public interest organizations wrote to the House Education and Workforce Committee in opposition to H.R. 2988, Protecting Prudent Investment of Retirement Savings Act.