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Statement: AFR Joins Members of Senate and Allies on Capitol Hill to Call Out Crypto Corruption
I am Ericka Taylor, Co-Executive Director of Americans for Financial Reform, a non-profit formed in the wake of the financial crisis to fight for a financial system that works for everyone. We’re happy to join the members of Congress and…
The Latest from AFR
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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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Politico Morning Money: First in MM: A look at the CFPB’s support
The Center for Responsible Lending and Americans for Financial Reform’s poll comes just one day before Acting CFPB Director Russell Vought is set to hit Capitol Hill for two days of testimony.
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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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Bloomberg: Vought Gutted America’s Consumer Watchdog — Now Congress Seeks Answers
“Russell Vought’s first, and likely last, appearance as acting director comes at a critical moment,” said Tom Feltner, associate director of consumer policy at Americans for Financial Reform. “While Vought will likely try to square his public calls to shut down the agency with his recent actions to prove to the court there is nothing…
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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…
