Statements and Press Releases Archives - Page 4 of 84

News Release: Broad Coalition Rejects Attempts to Gut Rule that Will Save Consumers Billions

Today, the Republican House majority revealed draft legislation to stop the Consumer Financial Protection Bureau’s (CFPB) overdraft rule from going into effect on October 1, 2025. The CFPB’s overdraft fee rule will reduce big bank overdraft fees from $35 per transaction down to $5, a move that will save the 23 million households in the United States that pay overdraft fees $5 billion annually, or $225 per family.

News Release: House Republicans Aim to Gut Measures Slashing Junk Bank Fees

The Republican-led House Financial Services Committee is devoting its first hearing of the new Congress to destroying a CFPB final rule that would slash a particularly abusive big-bank junk fee – overdraft charges – from $35 down to $5, which would save people $5 billion each year, or $225 per household.

News Release: Researchers Expand Database of Top Private Equity Energy Portfolios

The Private Equity Climate Risks project unveiled an update to its public database of the energy holdings of 20 of the world’s largest private equity firms, the Private Equity Energy Tracker, bringing into focus the latest state of private equity investments in the energy sector.

News Release: Groups Launch Equitable & Just Insurance Initiative to Find Solutions to Climate-Driven Insurance Crisis

Dozens of consumer protection, community development, environmental, climate, and racial justice advocates have joined together to form the Equitable & Just Insurance Initiative, a coalition that aims to develop solutions that can guide community leaders and policy advocates working to address the climate-driven insurance crisis.

News Release: Trump’s Chopra Firing Undermines CFPB’s Consumer Protection Mission

President Donald Trump today caved in to pressure from Wall Street and Big Tech and fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. During the campaign, Trump dangled measures like caps on credit card interest rates, Trump is now sacking someone whose years of work on behalf of consumers benefited families across the country.

Aerial view of a winding highway through a forest

News Release: New Report Provides Roadmap for States to Protect Pensions from Federal Threats

State policymakers and pension officials should use all the tools at their disposal to protect public pensions from federal threats and safeguard their ability to make investment decisions that promote retirement with dignity and economic security, according to a new policy roadmap released by the Americans for Financial Reform Education Fund.

News Release: New Proposal Would Stop Companies from Contracting Away Fundamental Rights

The CFPB’s proposal would prohibit financial companies from forcing consumers to surrender their fundamental rights in take-it-or-leave-it contracts that are used for everyday services such as bank accounts, credit cards, and payment apps on smart phones.

News Release: Prospect of Walgreens Acquisition by Sycamore Bodes Ill for Retailer

The possible acquisition of drugstore chain Walgreens risks writing a new chapter in the long-running saga of private equity’s looting of the American retail sector, a trend that has caused the loss of over half a million jobs, numerous bankruptcies, and extensive consolidation that leads to higher prices, lower quality for consumers, and more precarious conditions for workers.

News Release: CFPB Finalizes rPACE Rule to Protect Green Lending Consumers

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CPFB) issued an important final rule on residential Property Assessed Clean Energy (rPACE), a form of green lending used to cover the cost of home improvements which is most commonly used for energy efficiency improvements and solar panel installations.

News Release: Union, Financial Reformers Seek Replacement of CEO Rodney McMullen

One day after a failed mega-merger attempt with Albertsons, Kroger launched plans to repurchase a massive $7.5 billion of their own stock, a clear effort to boost short-term stock prices and save CEO Rodney McMullen’s job by lining the pockets of its already wealthy shareholders.