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Congress is Pushing Another Round of Risky Wall Street Bank Deregulation
Last month—and on the sixteenth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the fifteenth anniversary of the day the Consumer Financial Protection Bureau opened its doors—the House majority advanced legislation to weaken major safeguards established…
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Big Tech, Crypto, and Wall Street Money is Flooding the Midterm Elections
Both the finance and tech sectors have spent heavily on Congressional primary and runoff races across the country in this election year. Two intertwined political action committees (PACs) — Fairshake, which focuses on cryptocurrency, and Leading the Future, which focuses on artificial intelligence (AI) — and their affiliates have been especially active. Both PAC networks…
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AFR in the News
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Bloomberg: Trump’s 401(k) Proposal Shows Evidence of Phony Public Support
The advocacy group Americans for Financial Reform drafted the form letter that Bergson signed and worked with partner groups to disseminate it, said Ericka Taylor, the organization’s co-executive director. She said she was unsurprised by the scale of the response.
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Hoodline: California Joins 10-State Suit Over Big Bank Escrow Interest Rule
Consumer advocacy group Americans for Financial Reform echoed that concern, stating that mortgage escrow accounts hold significant non-interest-bearing balances and warning that preemption grants national banks immunity from state protections while accelerating banking consolidation, according to a statement from Americans for Financial Reform.
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The American Prospect: Crypto Democrats Are Ghosting the Industry
“There are more [Democrats] saying, ‘We don’t have to just accept the industry narrative here. We can talk about the very good reasons why these practices are anathema to politicians who are standing up to corruption.,’” Hays told the Prospect.
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2026 Polling: Voters deeply concerned about private equity’s impacts and influence
The newest poll from the bipartisan polling team Lake Research Partners and Chesapeake Beach Consultingi shows that voters across the political spectrum are concerned about private equity companies gaining control over large parts of the economy and want strong guardrails in place to protect people.
