But too much of what should be plumbing to serve the “real economy” of households and businesses has turned into an unstable, money-extracting casino dominated by powerful giants.
Advocacy
Resources
Updates
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Statement: Oscar Valdés Viera, Senior Policy Analyst of Private Equity & Capital Markets at Americans for Financial Reform statement on administration’s proposal to weaken oversight of shadow banks
The Trump administration announced that it will weaken one of the most important post 2008 financial crisis tools designed to stop shadow banks from capsizing the financial system.
AFR in the News
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Pensions & Investments: NYC comptroller doubles down on Exxon proxy fight — calls for rejection of Texas redomicile
Shareholder advocacy groups have drawn links between the Exxon’s voting platform and Texas move and a broader shift among some lawmakers and regulatory bodies against shareholders. Americans for Financial Reform has described Texas’ legal changes as part of a “race to the bottom” among state governments to attract companies to redomicile.
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Banking Dive: CFPB slims small-business borrower data collection rule
The nonprofit Americans for Financial Reform blasted the CFPB’s update, saying Thursday’s rule “will let unfair and discriminatory lending practices persist,” including “well-documented lending biases against Black, Latine, Indigenous and women farmers.”
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Plainly Garbl: Corporate Power, Monopolies, and Economic Democracy
Americans for Financial Reform / Take on Wall Street A national coalition working to make the financial system serve working families and the real economy, rather than big banks, private equity, and Wall Street power.
