Americans for Financial Reform

Statement: AFR Submits Statement for the Record for House Hearing Attacking the CFPB

Congress created the Consumer Financial Protection Bureau to prevent another financial crisis, and for the past 14 years it has diligently served the public, held financial firms accountable, cracked down on junk fees, and protected people from financial rip-offs. The vehemence of the Wall Street, Big Tech, and predatory financial industry’s attacks on the CFPB are a testament to its effectiveness in successfully standing up for people.

Letters to the Regulators: Letter to the FTC in Support of Collecting Information on Large-Scale Single Family Home Investors

Americans for Financial Reform Education Fund submitted a comment in support of the Federal Trade Commission’s proposed 6(b) study of large-scale single family home investors and the Commission’s plan to publicly disseminate information about homes owned by “mega investors,” defined as entities that own over 1,000 single family rental homes.

Letters to Congress: AFR letter to House Financial Services Committee on Capital Formation Hearing

Americans for Financial Reform submitted a letter opposing several legislative proposals being considered at the House Financial Services Committee hearing “Beyond Silicon Valley: Expanding Access to Capital Across America.” Weakening investor protections in the name of capital formation threatens market integrity and exposes smaller, retail investors to unnecessary risk.

Blog: Tech Oligarchs Overhaul Delaware Corporate Law in Bid to Consolidate Power Over Us

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 this week. Delaware’s corporate law drew Musk’s ire when its well-regarded Court of Chancery sided with Tesla shareholders and tossed out his $56 billion pay package.

News Release: Purging Democratic FTC Members Subverts Consumer Protection and Corporate Accountability

Trump’s illegal termination of Rebecca Kelly Slaughter and Alvaro Bedoya, the two Democratic Commissioners at the Federal Trade Commission (FTC), violates a nearly century old Supreme Court precedent that prohibits the firing of FTC Commissioners over policy or political disagreements.

Letters to Congress: Letter in Opposition to SB 21

View or download a PDF of the letter here. Americans for Financial Reform, Consumer Federation of America, and Public Citizen led a letter in opposition to Delaware Senate Bill 21 (SB 21) with 29 additional signatories. If passed, SB 21 would overhaul Delaware corporate law

Policy Memo: Climate Change is an Imminent Financial and Economic Threat

AFR published a policy memo outlining how climate change represents an imminent financial and economic threat, including statistics around increasingly costly disasters, rising uninsured losses, eroding real estate values, ballooning consumer debt, and food price inflation.

Americans for Financial Reform Announces Co-Director to Strengthen Fight for Justice

Taylor brings more than 30 years of experience fighting for economic and racial justice. She joins Lisa Donner in a new shared leadership structure aimed at enabling AFR to meet the challenge of the moment as billionaires wield unprecedented levels of power.

Blog: Republicans Take Aim at Families Struggling with Medical Debt

This week, Republicans in Congress introduced a resolution to undo a Consumer Financial Protection (CFPB) rule that prevents medical debt from capsizing people’s credit scores. More than 100 million people have medical debt and it shows up on the credit reports of 15 million people.

News Release: Senate Banking Committee Passes Flawed Stablecoin Bill

Consumer advocates decried the Senate Banking Committee’s passage today of a flawed bill – S. 919, the GENIUS Act – that would legitimize a risky class of crypto assets known as stablecoins and embed them more deeply into the banking system.