Americans for Financial Reform

Fact Sheet: AFR Fact Sheet on the CLARITY Act: A Crypto Cash Grab that is a Consumer Catastrophe

“AFR fact sheet on CLARITY Act cryptocurrency legislation that is a giveaway to crypto billionaires but poses enormous risks to the financial system and crypto investors. The legislation fails to address the administration’s crypto corruption, weakens oversight of cryptocurrency, undermines state regulators, promotes regulatory evasion, and fails to protect consumers, investors, and financial markets.”

News Release: Big, Brutal Bill Slashes Critical Programs, Rolls Back Safeguards, Rewards Ultra-Rich and Wall Street

The giveaways to private equity firms subsidize predatory and extractive practices that harm workers, families, and communities. At the same time, the big, brutal bill dismantles critical agencies like the Consumer Financial Protection Bureau, making people more vulnerable to scams, rip-offs, and junk fees.

Blog: Trump Is Opening the Door to Scams Targeting Military Families

The Trump administration could really lend a hand to veterans and servicemembers. Instead, it’s opening the door for scams targeting military families.

News Release: Trump CFPB Abandons Settlement Against Massive Credit Union on Illegal Overdraft Fees

This week, the Trump Consumer Financial Protection Bureau (CFPB) terminated its previous order for the Navy Federal Credit Union to return $80 million to customers who had been charged illegal overdraft fees.

News Release: Big, Brutal Bill Guts Protections, Enriches Wall Street, and Fuels Financial Predation

Today, the Senate majority rammed through legislation that gives tax breaks to billionaires, cuts programs people rely on to meet their families’ crucial needs, and guts agencies, like the Consumer Financial Protection Bureau, that protect people from abusive corporate practices.

In the News: Private equity’s big tax perk is the one that got away — again

Progressive groups Americans for Tax Fairness and Americans for Financial Reform calculate that the perk saved top Blackstone and KKR executives a combined $336mn over five years.

Letters to the Regulators: Letter to the SEC in Defense of Executive Compensation Disclosure

AFREF joined Public Citizen and other groups in a letter to the Securities and Exchange Commission in defense of executive compensation disclosures.

News Release: Nearly 200 groups demand Senate oppose defunding critical consumer protection agency

Today a group of 193 civil rights, community, consumer, labor, faith-based, small business, farm, and other organizations urged the Senate to stand up for the Consumer Financial Protection Bureau (CFPB) and oppose devastating attacks on its budget and independence in the budget reconciliation bill.

News Release: Advocacy Groups Call on Senate to Tax Corporate and Private Equity Landlords

Today, 13 housing, economic justice, community, and other advocacy organizations sent a letter to the Senate urging the consideration of Senator Merkley’s HOPE for Homeownership Act during the budget reconciliation debate.

a dollar bill on top of a pile of money with scrabble pieces spelling out "tax" on top

News Release: Thirty Groups Call on Senate to Make Wall Street Pay Its Fair Share

The Wall Street investor class benefits from tax breaks and lax oversight in the Big Brutal reconciliation bill. The legislation guts consumer protections and eliminates critical programs that people rely upon just to enrich billionaires and Wall Street tycoons. The Senate has other options that would avoid slashing basic support for working families.