A panel of the US Court of appeals today overturned an earlier court order halting mass layoffs at the Consumer Financial Protection Bureau(CFPB).
The Department of Labor’s hasty decision to rescind its 2021 guidance that warned plan fiduciaries about the risks of private equity and other alternative assets in 401(k) retirement plans is deeply troubling.
The Trump administration released an executive order that opens the door to private equity firms accessing the retirement savings of millions of families. This is a dangerous scheme that will rip off small investors, and it’s a major step in the private equity industry achieving its long-standing goal of peddling risky, high-fee offerings to small retail investors.
Today’s executive order threatens the retirement security of millions of people by opening the door for private equity funds and cryptocurrency to be offered inside 401(k)s and other defined‑contribution retirement plans. This would enable a massive transfer of wealth from workers’ hard-earned retirement savings to the richest Wall Street and crypto executives.
Private equity does not deliver the superior returns that its advocates insist justify pension fund investment in this sector, and would be highly risky for retail investors, according to a new report published by the AFT and Americans for Financial Reform Education Fund.
FOR IMMEDIATE RELEASE: July 17, 2025 CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org Americans for Financial Reform and Demand Progress statement on House passage of legislative giveaways to the crypto industry that enrich Trump and his cronies Mark Hays, Associate Director for Cryptocurrency and Financial Technology: Washington, DC- Today’s House crypto votes are an ill omen for small