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Statement: Statement of Mark Hays, Associate Director, Crypto and Fintech Policy, Americans for Financial Reform and Demand Progress Action on Senate Banking Committee Poised to Pass Dangerous Deregulatory Crypto Bill Thursday
Senate Banking Committee members will soon show whether they are totally beholden to the crypto billionaires or that they are willing to stand up for everyday people and financial stability.
The Latest from AFR
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A Model Built to Mislead: Why the CEA’s Stablecoin Analysis was Rigged
The CEA’s analysis was quickly embraced by the crypto industry as evidence that such restrictions are unnecessary. If limiting yield has little impact on bank lending, the argument goes, then policymakers should allow stablecoins — and the platforms that distribute them — to compete freely on returns. But that framing depends entirely on the assumptions…
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AFR in the News
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HUFFPOST: Progressives Press Ruben Gallego, Adam Schiff To Insist On Ethics In Crypto Bill
“Senators cannot accept legislation that falls short of prohibiting all elected and appointed public officials to high office and their families, including the President and Vice President, from promoting, issuing, or sponsoring crypto products and services, directly or indirectly,” Americans for Financial Reform, Demand Progress Action, Indivisible and Public Citizen said in a letter on…
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Pensions & Investments: NYC comptroller doubles down on Exxon proxy fight — calls for rejection of Texas redomicile
Shareholder advocacy groups have drawn links between the Exxon’s voting platform and Texas move and a broader shift among some lawmakers and regulatory bodies against shareholders. Americans for Financial Reform has described Texas’ legal changes as part of a “race to the bottom” among state governments to attract companies to redomicile.
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Banking Dive: CFPB slims small-business borrower data collection rule
The nonprofit Americans for Financial Reform blasted the CFPB’s update, saying Thursday’s rule “will let unfair and discriminatory lending practices persist,” including “well-documented lending biases against Black, Latine, Indigenous and women farmers.”
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Fact Sheet: AFR and Protect Borrowers Fact Sheet on Senate Effort to Roll Back Attacks on CFPB
In 2025, the Trump-Vought CFPB rescinded 67 policies designed to protect consumers from unfair practices like lending discrimination, harassment in debt collection tactics, and surprise junk fees—and to help families access affordable credit. In the midst of a growing affordability crisis where people are already struggling to keep up with rising costs and growing debt,…
