Category Archives: Statements and Press Releases

News Release: California’s New Climate Disclosure Laws Cover Nearly Three-Quarters of Fortune 1000 Companies

WASHINGTON, DC – There should be no added compliance costs for 75% of the largest public companies to disclose their greenhouse gas emissions under the upcoming Securities and Exchange Commission (SEC) climate financial risk disclosure rules, a new report has found. The findings cast doubt on U.S. business groups’ claims that the costs of fully disclosing their climate risks would be too high. 

News Release: Revised CRA Regulations Have Teeth, Encourage Community Resilience Investments

Washington, D.C. — The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation released a joint final rule to revise the regulations implementing the Community Reinvestment Act (CRA). This decision caps a long-awaited effort to modernize the rules to reflect the changing structure of the banking system and needs for community loans, investments, and services. 

News Release: SEC Commissioner Crenshaw Echoes AFR’s Concerns on Leveraged Loans Lacking Protection Under Securities Laws

Washington, D.C. — SEC Commissioner Caroline Crenshaw gave a notable speech at an event sponsored by the Center for American Progress on October 11th warning of the dangers posed by the fact that the $1.4 trillion leveraged loan market, often used to finance private equity takeovers, is not subject to securities laws, and therefore operates without many investor protections. 


News Release: New Protections from Junk Fees Will Save Consumers Billions

WASHINGTON, D.C. – The Federal Trade Commission and Consumer Financial Protection Bureau’s announcement of new actions to crack down on junk fees is a critical initiative in stopping companies from ripping off consumers with hidden and misleading fees and compelling firms to provide upfront and accurate pricing on products and services.


News Release: Legal Experts: Payday Lender Arguments “Fell Flat”

Washington, D.C. – This afternoon, Americans for Financial Reform held a virtual media briefing with the Constitutional Accountability Center and Democracy Forward to review the oral arguments in one of this term’s most important Supreme Court cases concerning the stability of the American financial system and the future of consumer protection: CFPB v. CFSA, a constitutional challenge to the funding structure of the Consumer Financial Protection Bureau (CFPB). 

News Release: A Terrible Day in Court for the Payday Lending Lobby

Washington, D.C. – Americans for Financial Reform (AFR) Executive Director Lisa Donner, released the following statement in reaction to this morning’s oral arguments before the Supreme Court in the case, Consumers Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA).