Category Archives: Statements and Press Releases

News Release: Dangerous Crypto and Accountability Bills Clear Congressional Committees Despite Major Objections from Consumer Advocacy Groups, Labor Unions and More

Washington, DC – House Financial Services Committee passed a series of bills this week that create light-touch rules for cryptocurrencies, limit investors’ and workers’ ability to hold corporations accountable, and hamper regulators’ ability to meaningfully participate in international governing bodies that set global standards for our financial system.

News Release: As Financial Risks from Climate Grow, Advocacy Groups Push FSOC to Enact Safeguards

WASHINGTON, D.C. — A coalition of advocacy groups today submitted multiple comment letters to the Financial Stability Oversight Council (FSOC) on two proposals that would strengthen its toolbox for addressing threats to financial stability, including those related to climate change, and make it easier to designate nonbank companies like asset managers and insurance companies as systemically important institutions that need enhanced regulation by the Federal Reserve Board. The comment periods on the proposals close on July 29.

News Release: 58 Organizations Oppose Anti-ESG Agenda

Washington, D.C. — Ahead of upcoming House Financial Services Committee hearings on utilizing environmental, social, and governance (ESG) factors in investments, Americans for Financial Reform has submitted a letter for the record, backed by 58 organizations, that expresses strong opposition to the anti-ESG agenda. The letter specifically responds to a recent ESG Working Group memorandum on the subject and a series of bills they are proposing.

News Release: Payday Lender, Eastman Briefs Highlight Weak Legal Case Against CFPB

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.