Category Archives: Financial Reform News
AFR Statement: Stories of Wells Fargo Victims Drive Home Injustice of Forced Arbitration
Americans for Financial Reform is stepping up its campaign in support of the consumer’s right to a day in court. A significant five-figure digital campaign targeting Maine, Alaska, Louisiana and Arizona will tell the stories of Hudson and Byrd, who were scammed by Wells Fargo – and left with no means of pursuing justice.
AFR Report: Government Sachs And The Trump Administration
Goldman Sachs-linked appointees in the Trump administration are pursuing a broad agenda of deregulation and privatization that will directly benefit the New York investment bank.
Monopoly Man Crashes Equifax Hearing to Protest Forced Arbitration
Americans for Financial Reform and Public Citizen fought the attack on the Consumer Bureau’s rule to limit forced arbitration and class action bans by delivering mock “Get-Out-of-Jail-Free” cards to the Senate.
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In addition, Amanda Werner appeared at Wednesday morning’s U.S. Senate Banking Committee hearing on Equifax dressed as the billionaire Monopoly Man, and sat behind former CEO of Equifax Richard Smith as he gave testimony to the Senate Banking Committee.
AFR Statement: “Monopoly Man” Highlights Equifax, Wells Fargo Use of Forced Arbitration
Americans for Financial Reform and Public Citizen are defending limits on forced arbitration from congressional attack with a delivery all 100 U.S. Senate offices: a mock “Get-Out-of-Jail-Free” card for the banks inspired by the board game Monopoly. An activist dressed as the billionaire Monopoly Man led the delivery.
Public Testimony: Alexis Goldstein calls on ED Department to Reinstate MOUs with the CFPB
Today at a public hearing at the Department of Education, AFR’s senior policy analyst gave testimony about the need to reinstate the Memorandum of Understanding with the CFPB, ended by Secretary DeVos to widespread criticism.
AFR Statement: Delay of Fiduciary A Ripoff of Retirement Savers, Gift to Wall Street’s Financial Advisers
Retirement savers need the fiduciary rule, fully enforced, to help ensure they can enjoy a dignified retirement. See the story of Steve Wingate to learn what happens without this common-sense protection.
SOR Statement: Don’t Delay the Fiduciary Rule, Protect American Retirement Savers
Members of the Save Our Retirement coalition speak out forcefully against the Department of Labor’s proposed delay of the fiduciary rule, a common-sense protection that would ensure savers get the best advice possible.
AFR Statement: Banks Require Forced Arbitration But Won’t Defend It Publicly
Bankers response to Sen. Elizabeth Warren about use of forced arbitration and cite tired, old arguments. But they won’t say publicly they want the CFPB’s rule reversed.
AFR Statement: Equifax Data Breach Underscores Need to Curb Forced Arbitration
Congress should preserve CFPB’s rule curbing forced arbitration and abandon attempts to lighten regulation of credit bureaus in the wake of massive data breach at Equifax.