Remarks and Q&A with prominent legal experts on the extreme attempt by the Fifth Circuit Court of Appeals to overturn CFPB’s payday lending rule and destroy the funding mechanism Congress created for the agency, a step that threatens to unleash chaos in consumer finance markets and inhibit the agency’s work in protecting consumers.
Americans for Financial Reform and the Take on Wall Street campaign gathered several experts on July 1 to lay out the multiple ugly truths about crypto and addressed a few reasons why we should not take the promises made by its most enthusiastic advocates at face value, and why regulators need to use the authority they already have to oversee this market.
Oscar Valdés Viera, research manager at AFR and Alex Martin, senior policy analyst for climate and finance presented at the annual Consumer Assembly organized by the Consumer Federation of America.
The private equity industry has pumped hundreds of billions of dollars into fossil fuel companies with little scrutiny.
Prof. Olson calls for governments to curb the spread of the private equity industry in health care through regulations and changes to tax laws.
Event: The Hidden Racism of the Tax Code: a Fireside Chat with Dr. Dorothy A. Brown & Dr. Darrick Hamilton
The Take on Wall Street campaign of Americans for Financial Reform hosted a virtual fireside chat with Dr. Dorothy A. Brown, Professor of Law at Emory University and author of The Whiteness of Wealth and Dr. Darrick Hamilton, director of the Institute for the Study of Race, Power and Political Economy at The New School, to discuss the white supremacy inherent in our tax code and how American tax policies impoverish Black Americans while enriching white Americans, and how we can restructure our system to focus on justice and equity.
Americans for Financial Reform’s Andrew Park spoke on the “Crypto’s Rapid Rise: The Future of Finance or Cause for Concern” panel at the Consumer Federation of America Virtual Financial Services Conference.
AFR’s Senior Policy Analyst Renita Marcellin hosted a conversation with Professor Art Wilmarth, author of Taming the Megabanks: Why We Need a New Glass-Steagall Act. Professor Wilmarth discussed why structural protections, such as a modern Glass-Steagall Act and the separation between banking and commerce, are necessary in the banking system. They also examined how the erasure of these laws have led to many of the challenges we are currently facing in the financial system including ILCs/special purpose charters, the rise of Fintech firms, and stablecoins and highlighted the urgency of revisiting laws on structural separations in the banking system.
Event: Americans for Financial Reform and Allies Protest Fed Chair Powell Sleepwalking on Climate Chaos, Racial Inequality, and Wall Street greed
Americans for Financial Reform and allies today rallied in front of the Federal Reserve Board of Governors to highlight Fed Chair Jerome Powell’s failure to protect the U.S. economy from major systemic threats like climate change, racial and economic inequality, excessive risk-taking from the big banks, and private equity firms extracting wealth from communities and workers across the nation.
Ricardo Valadez from Americans for Financial Reform and Jessica Newman from United for Respect co-hosted a Stop Wall Street Looting Act townhall that featured speakers from Center for Popular Democracy, CASA Montgomery County, United Mine Workers of America, Communications Workers of America, and videos of Senator Warren and Representative Mark Pocan.