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Press Release: More than 260 Groups Oppose Weak Crypto Legislation
A coalition of 261 national and state civil rights, labor, community, consumer, environmental, faith-based, and other organizations sent a letter urging the Senate to oppose the passage of any crypto market structure legislation that fails to address the systemic failures…
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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Senator John Fetterman: Fetterman, Colleagues Introduce Legislation to Cap Credit Card Late Fees at $8
“Excessive credit card late fees bulk up profits for big banks while eating into already strained household budgets,” said Ericka Taylor, Co-Executive Director of Americans for Financial Reform. “This legislation would cap credit card late fees and make life a little more affordable.”
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CU Today: Late-Fee Cap Returns: Fetterman Bill Revives CFPB’s $8 Rule Amid Trump’s Credit Card Push
According to WTAJ, the bill has drawn support from consumer advocacy groups including Americans for Financial Reform, the Consumer Federation of America, Groundwork Collaborative, the National Consumer Law Center, Public Citizen, and Protect Borrowers.
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Pennlive: Bill from Pa.’s Fetterman would cap ‘predatory’ credit card late fees
“Excessive credit card late fees bulk up profits for big banks while eating into already strained household budgets,” said Ericka Taylor, co-executive director of Americans for Financial Reform. “This legislation would cap credit card late fees and make life a little more affordable.”
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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.
