Washington, D.C. — Briefs filed by the payday lending lobby and John Eastman, the lawyer who tried to help former President Trump overturn the 2020 election, highlight the extremely weak legal case that this predatory industry has against the funding of the Consumer Financial Protection Bureau, a vital federal agency that polices the financial services market on behalf of everyday people.
WASHINGTON, D.C. – The U.S. Treasury Department’s Federal Insurance Office (FIO) today released a report on climate-related regulation and supervision of insurers. The report assesses the limitations of existing regulation and includes 20 recommendations.
Washington, D.C. – The House Financial Services and General Government Appropriations Subcommittee approved yesterday a funding bill loaded with at least 51 dangerous policy riders that would roll back financial reform and undermine consumer, and investor protections.
Washington, D.C. – Wells Fargo has racked up a record of numerous egregious abuses against its own customers that are detailed in a new scandal tracker released by Americans for Financial Reform Education Fund.
New study by the American Antitrust Institute and Americans for Financial Reform Education Fund calls attention to the growing presence of private equity ownership in the home healthcare sector.
Washington, D.C. – The House Financial Services Committee faces a critical decision as it prepares to vote on a series of bills in tomorrow’s markup. These proposed bills, if passed, would undermine the financial system, families saving for retirement, and everyday investors.
Washington, D.C. – A new report released today, “Banking Fair: The Promise and Urgency of Doing Postal Banking Right,” calls for a public banking option to be restored within the U.S. Postal Service. USPS has a long history as a public service institution, despite the seeds of privatization sown by Republican presidents and Congress since 1970.
Washington, D.C. – Hundreds of public interest groups, lawmakers, constitutional law scholars and more filed amicus briefs with the Supreme Court this week in support of the Consumer Financial Protection Bureau (CFPB) in the case, CFPB v. CFSA, which the Supreme Court will review this fall.
Americans for Financial Reform submitted today a statement for the record for the joint House Financial Services/Agriculture Committees’ subcommittee hearing on stablecoins entitled, “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise.”
Consumer advocacy groups raise concerns about language in SAFE Banking Act that hampers regulators’ ability to stop fraud and prevent bad actors from gaining access to the banking system.