Christine Chen Zinner, a senior lawyer at Americans for Financial Reform, a progressive advocacy group, called the consumer bureau’s attempt to overturn the settlement “bananacakes.” The appellate panel’s unanimous decision that the fair-lending law applied was a clear signal that the case had merit, she said.
The passage of Delaware Senate Bill 21 – the Billionaires’ Bill – endangers the retirement security of millions of families across the country. A coalition of consumer and investor groups including Public Citizen, Americans for Financial Reform, and the Consumer Federation of America opposed the legislation as did the largest retirement funds in the United States.
The House Financial Services Committee Financial Institutions Subcommittee convened a hearing today that will do little but air the grievances of the banking lobby over the highly effective work done by the Consumer Financial Protection Bureau (CFPB).
Congress created the Consumer Financial Protection Bureau to prevent another financial crisis, and for the past 14 years it has diligently served the public, held financial firms accountable, cracked down on junk fees, and protected people from financial rip-offs. The vehemence of the Wall Street, Big Tech, and predatory financial industry’s attacks on the CFPB are a testament to its effectiveness in successfully standing up for people.
Americans for Financial Reform Education Fund submitted a comment in support of the Federal Trade Commission’s proposed 6(b) study of large-scale single family home investors and the Commission’s plan to publicly disseminate information about homes owned by “mega investors,” defined as entities that own over 1,000 single family rental homes.
Americans for Financial Reform submitted a letter opposing several legislative proposals being considered at the House Financial Services Committee hearing “Beyond Silicon Valley: Expanding Access to Capital Across America.” Weakening investor protections in the name of capital formation threatens market integrity and exposes smaller, retail investors to unnecessary risk.
While Elon Musk attacks federal agencies’ ability to protect us from the worst excesses of corporate power, a little known Musk initiative sailed through the Delaware legislature this week. Delaware’s corporate law drew Musk’s ire when its well-regarded Court of Chancery sided with Tesla shareholders and tossed out his $56 billion pay package.
AFREF submitted a comment to the California Air Resources Board (CARB) on its solicitation on implementation of SB253 and SB261, climate disclosure laws for large companies doing business in California. AFREF also joined a coalition comment led by California Environmental Voters.
Trump’s illegal termination of Rebecca Kelly Slaughter and Alvaro Bedoya, the two Democratic Commissioners at the Federal Trade Commission (FTC), violates a nearly century old Supreme Court precedent that prohibits the firing of FTC Commissioners over policy or political disagreements.
View or download a PDF of the letter here. Americans for Financial Reform, Consumer Federation of America, and Public Citizen led a letter in opposition to Delaware Senate Bill 21 (SB 21) with 29 additional signatories. If passed, SB 21 would overhaul Delaware corporate law