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Press Release: OppFi Becomes Second Predatory Lender to Abandon National Bank Bid
Consumer advocates cheered news today that predatory lender Opportunity Financial (OppFi) has dropped its proposed acquisition of BNC Bank.
The Latest from AFR
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Report TRACING THE MONEY: Private Equity, Private Credit, and the Data Center Bubble
Private equity has been a largely hidden backer in the controversial AI boom and data center land rush. This first, comprehensive assessment of private equity ownership, investment, and private credit lending in the data center landscape uncovers that a set of giant private equity firms—interconnected with Big Tech companies—are behind a major portion of these…
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AFR in the News
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Idaho Dispatch: If the AI Bubble Bursts, What Happens to Idaho?
In October 2026, the Open Markets Institute and Americans for Financial Reform Education Fund published Brace for Impact: Protecting People and the Economy When the AI Bubble Bursts.
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The Block: Democratic sweep of Congress forces crypto industry to rethink Washington strategy
Pro-crypto political action committees reportedly spent over $60 million alone in the Senate race in Ohio against Brown. On its own, crypto PAC Fairshake raised $106.2 million, according to Americans for Financial Reform.
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CU Daily: Consumer Groups Hail Decision by Opportunity Financial to Drop Bid to Acquire Bank
Tom Feltner, associate director of consumer policy at Americans for Financial Reform Education Fund, said a bank charter carries a responsibility to serve the public safely and fairly. He urged regulators to scrutinize other companies seeking access to the banking system, including those involved in buy now, pay later services and cryptocurrency.
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Crypto Spends Big Bucks in the Buckeye State
Cryptocurrency PACs have directed a vast share of their total spending into Ohio to target the Senate race between Brown and Husted. by Dustin Duong, Senior Research Associate With midterms days away, major cryptocurrency political action committees (PACs) have ramped up their spending in Ohio, where Jon Husted (R) is vying to prevent Sherrod Brown…
