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Statement: Mark Hays, Associate Director of Crypto and Fintech Policy at AFR on the passage of deregulatory crypto legislation in the Senate Agriculture Committee
Democratic Senators stood firm and opposed a dangerous and deeply flawed bill that threatens to destabilize the financial system, harming millions of people, including workers saving for retirement.
Events
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AFREF Speaker Series: Are We on the Brink of a 2008-Style Financial Crisis?
We appear to be in the midst of a speculative stock market bubble centered on AI. Does that mean we are about to have a 2008-style financial crisis? Join us for a conversation with Damon Silvers about the moment we are in and the steps that regulators should take to guard against the risk of a catastrophic financial crisis. Mr. Silvers was the Deputy Chair of the Congressional Oversight Panel for the 2008 bank bailout and for many years directed financial markets policy at the AFL-CIO. He brings to bear his experiences with the 2008 crisis as well as the…
The Latest from AFR
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FIRE SALES TO WALL STREET: A Review of Government-Sponsored Residential Note Sales
Growing Wall Street control of single family homes is a contributor to our housing crisis, with mega single-family investors (those who own more than 1,000 homes nationwide) controlling an estimated 446,000 homes as of January 2025. Nationally, the presence of corporate landlords in a community has been associated with raised rents, junk fees, reduced maintenance,
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AFR in the News
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Private Equity Stakeholder Project: Private equity won’t exit fossil fuels until at least 2090
“At this pace, private equity will not exit fossil fuels in our lifetimes, if ever. The industry clearly isn’t taking their role in the climate catastrophe seriously, despite clear warnings from scientists,” said Hibba Meraay, Research Analyst at Americans for Financial Reform Education Fund.
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Bank Policy Institute: Banks, Credit Unions and Consumer Groups Support ‘Close the Shadow Banking Loophole Act’
The groups represented include America’s Credit Unions, Americans for Financial Reform, Bank Policy Institute, Center for Responsible Lending, Consumer Federation of America, Independent Community Bankers of America, National Consumer Law Center (on behalf of its low-income clients), National Community Reinvestment Coalition and U.S. PIRG.
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Senator John Kennedy: Kennedy, Kim reintroduce bill to close “shadow banking” loophole and ensure a fair banking system
Americans for Financial Reform, the Bank Policy Institute, the Center for Responsible Lending, the Consumer Federation of America, America’s Credit Unions, Independent Community Bankers of America, National Community Reinvestment Coalition, the National Consumer Law Center, and the U.S. Public Interest Research Group support the Close the Shadow Banking Loophole Act.
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We’ll All Pay the Cost for Crypto Corruption
The crypto industry is determined to ram through legislation in Congress that gives the industry carte blanche operating power, without any true oversight, regulation, or accountability. And, adding insult to injury, the industry is trying to block the ability for states to step in and fill federal gaps in oversight.
