Americans for Financial Reform

News Category: Blog

Blog: Enabling the Crypto Billionaires

Bills would reward these 25 crypto billionaires (including Trump) while the rest of us get fleeced by Patrick Woodall The crypto barbarians are at the gates. According to congressional Republicans, this week is “crypto week.” That’s code for their shameless plan to pass legislation expanding the wealth of 25 crypto billionaires while putting the rest

Blog: Trump Is Opening the Door to Scams Targeting Military Families

Trump Is Opening the Door to Scams Targeting Military FamiliesThe administration gutted the federal office that protects military families from abusive lenders, debt collectors, and other scams. By Chloe Rogers The Trump administration could really lend a hand to veterans and servicemembers. Instead, it’s opening the door for scams targeting military families. Trump is dismantling

Blog: Private Equity Barons Defend Tax Breaks from the Shadows

Private Equity Barons Defend Tax Breaks from the Shadows By Dustin Duong As lawmakers continue to crunch the budget on Capitol Hill, the private equity (PE) industry is trying to protect its coveted carried interest tax loophole, which rewards its extractive risk-taking and exploitation of workers, communities and the public. These Wall Street billionaires have

Blog: Call Congress NOW: Stop the Big, Brutal Bill Attacking the CFPB

Call Congress NOW: Stop the Big, Brutal Bill Attacking the CFPB Faith leaders, union members, and consumer advocates rallied outside CFPB headquarters on June 5 with a unified message to Congress: gutting the Consumer Financial Protection Bureau’s budget is a direct attack on the people that the CFPB protects every day. “The CFPB works for

Delaware Just Caved to Billionaire Bullying By Overhauling Its Corporate Law

As Musk is trying to gut the agencies that enforce federal regulations, state corporate law is poised to become even more important. Delaware should have held firm. by Natalia Renta While Elon Musk attacks federal agencies’ ability to protect us from the worst excesses of corporate power, a little known Musk initiative sailed through the Delaware legislature

Blog: Trump CFPB Abandons Data Broker Rule Aimed at Decreasing Fraud and Identity Theft

Earlier this week, the Trump CFPB withdrew the agency’s previously proposed data broker rule, which would have limited how our sensitive and private financial data is collected, used, and sold. With little to no other regulation over data brokers, the withdrawal of this rule will allow companies to collect and sell our private and sensitive financial data to third party strangers without oversight or accountability.