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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Senator Jeff Merkley: New Merkley, Raskin Legislation Bans Gambling on Elections, Sports, War, and Government Activity
“Prediction markets have turned democracy itself into a casino by allowing gambling on American elections, government actions, or military intervention,” said Patrick Woodall, managing director at Americans for Financial Reform. “Government officials should not be able to leverage their access to confidential information to game prediction markets and unfairly enrich themselves. The STOP Corrupt Bets…
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401k Specialist: ERISA Litigation Reform Act Advances to House Floor
Scott also introduced into the record two letters arguing against the legislation—one from several former Department of Labor officials who worked in both Democratic and Republican administrations, and another from organizations including the Alliance of Retired Americans, Americans for Financial Reform, Committee for a Fiduciary Standard, Economic Policy Institute, National Committee to Protect and Preserve…
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Fox13: Mega-influencer partners with Mid-South bank
“When people’s financial security is dependent on a lot of different links in a chain, from influencers to fintech apps to partner banks, that chain needs to be carefully scrutinized,” explained Tom Feltner, the associate director of consumer policy for Americans for Financial Reform.
Fox13: Mega-influencer partners with Mid-South bank
