A new poll shows Americans strongly support the CFPB’s mission as well as its rules lowering overdraft fees, tracking small business lending inequalities, and prohibiting medical debt from appearing on credit reports.
Today, over 100 community, civil rights, privacy, consumer, labor, technology, small business, and other organizations delivered a letter urging the U.S. Senate to oppose a resolution to rescind the Consumer Financial Protection Bureau’s (CFPB) digital payment app oversight rule.
Americans for Financial Reform Education Fund published a research memo, Private Equity’s Silicon Gold Rush, analyzing private equity’s surging investments in data centers used for artificial intelligence, cryptocurrency mining, and cloud computing.
At the behest of the new Trump-appointed leadership, the Consumer Financial Protection Bureau has abandoned an enforcement case against megabank Capital One, a step that will cost consumers $2 billion in restitution.
On February 17, 2025, Delaware lawmakers proposed amendments to the state’s corporate law through Senate Bill 21 or the “Billionaires’ Bill” that would enable billionaires like Elon Musk to raid corporate treasuries at the expense of working people like teachers and construction workers counting on their pensions for a secure retirement. This Billionaires’ Bill was drafted by Elon Musk’s lawyers in secret and far outside the usual procedure for formulating changes to the state’s corporate law, which governs around two thirds of the corporations in the S&P 500.
In a webinar hosted by Americans for Financial Reform Education Fund (AFREF) and The Horizon Project, leading labor and state officials laid out strategies to protect public pensions from federal attacks and deploy state pension power to grow a strong economy for retirees, workers, and the public.