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Press Release: Trump Dismantling CFPB but Voters Support the Agency
Since the first weeks of the Trump administration, Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought has worked to carry out the Project 2025 goal of dismantling the Bureau, the only federal agency with the sole mission of protecting…
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Defined Contribution Plans Outperformed Defined Benefit Plans by a Substantial Margin
This study examined the empirical performance of 58,000 retirement plans—pension plans and 401(k) plans—over sixteen years between 2009 to 2024 and found clear outperformance by the plans without alternative assets, proving the DOL’s proposal to open up 401(k) plans to private equity and hedge fund-type investments will harm workers saving for retirement
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AFR in the News
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Scotsman Guide: Poll shows broad support for CFPB ahead of Vought’s congressional testimony
“The CFPB was created in the wake of one of the worst financial crises in our nation’s history,” Feltner stated, referring to the establishment of the bureau in 2010 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act after the 2008 financial crisis.
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ICIJ: Crypto giant Circle rebuffed efforts to help scam victims, police say
During an event held by Americans for Financial Reform, The case’s prosecutor, Thomas Binger, said that prosecutors are struggling against criminals who use cryptocurrency’s anonymity to move illicit funds beyond their reach.
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Congresswoman Rashida Tlaib: Tlaib Introduces Bank Failure Accountability Act
“The public is hungry for wealthy executives to be held accountable for the harm their self-serving risk-taking has caused,” said Natalia Renta, Esq., Associate Director of Corporate Governance & Power, Americans for Financial Reform. “By setting aside a significant portion of pay that executives could lose in cases of failure of their financial institution or…
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Timeline of attacks against the CFPB
The CFPB is under attack. Since the first weeks of the current administration, the Trump-appointed CFPB leadership and Republicans in Congress have worked to carry out the Project 2025 goal of dismantling the Bureau. While these efforts have been blocked in court, the Trump-Vought CFPB has continued to chip away at the agency’s staff, roll…
