Americans for Financial Reform

AFR in the News: Trump changes higher ed with rollback of consumer protections (Washington Post)

“The task force is co-chaired by Robert S. Eitel, a former attorney at for-profit college operator Bridgepoint Education, who is now senior counsel to DeVos… ‘At no point are they asking for the input of student loan borrowers or people enrolled in college,’ said Alexis Goldstein, senior policy analyst at the progressive Americans for Financial Reform. “The common theme here is enriching a certain number of private actors at the expense of protections for borrowers.”

AFR Statement: CFPB Right to Act Against Forced Arbitration

CFPB issued a final regulation ensuring that consumers can join together to challenge financial fraud and scams in court. The rule limits the use of forced arbitration, a process Wall Street banks and predatory lenders use to evade accountability and keep their misconduct out of the public eye.

Public Testimony: Alexis Goldstein calls on ED Department to uphold Borrower Defense and Gainful Employment

Today at a public hearing at the Department of Education, AFR’s senior policy analyst gave testimony about the need to enforce the Borrower Defense and Gainful Employment regulations, not to reopen or dismantle them. Here is her testimony, as prepared for delivery: “I can’t believe

AFR Report: 2017 Big Bank Stress Tests Less Stressful Than Ever

The slide presentation linked below documents AFR’s findings on the 2017 CCAR stress tests. AFR Assessing the 2017 Stress Tests A Medium blog post is also available here: https://medium.com/@RealBankReform/stress-tests-less-stressful-than-ever-fbe68b8e161a

AFR Statement: Oppose Giveaways to Wall Street and Predatory Lenders in Appropriations Bill

It would gut the Consumer Financial Protection Bureau, enable reckless behavior by big banks, and hand a special favor to payday lenders. Lawmakers should reject this legislation out of hand.

New Report Shows Need for Federal Oversight of Secret Arbitration: All Firms in Flagrant Violation of California’s Disclosure Law

A major new report released today found that private arbitration firms that decide claims against corporations accused of fraud, sexual harassment, wage theft, abuse of nursing home residents, and other illegal activity are themselves violating the law.

AFR in the News: Trump changes higher ed with rollback of consumer protections (Washington Post)

AFR Statement: CFPB Right to Act Against Forced Arbitration

Public Testimony: Alexis Goldstein calls on ED Department to uphold Borrower Defense and Gainful Employment

AFR Report: 2017 Big Bank Stress Tests Less Stressful Than Ever

AFR Statement: Oppose Giveaways to Wall Street and Predatory Lenders in Appropriations Bill

New Report Shows Need for Federal Oversight of Secret Arbitration: All Firms in Flagrant Violation of California’s Disclosure Law

Letter to Congress: Oppose Confirmation of Christopher Giancarlo for CFTC Chair

AFR Statement: Oppose OCC Bid to Control Consumer Protection

AFR Testimony: Amanda Jackson Offers Testimony at CFPB Field Hearing on Alternative Data

AFR Report: Treasury Does Bidding of Big Banks in Dodd-Frank Report