They rip people off to the tune of tens of billions of dollars a year, punish people for not being rich with higher fees and higher rates, and worsen the racial wealth gap. The Consumer Financial Protection Bureau was created to stop this kind of abusive corporate behavior, and to hold financial companies accountable when they break the law.
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Press Release: AFR Applauds Senate Democrats’ Push to Block the Rollback of Key CFPB Protections
FOR IMMEDIATE RELEASE: May 14, 2026 CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org AFR Applauds Senate Democrats’ Push to Block the Rollback of Key CFPB Protections Senate Majority Voted to Roll Back Protections for Servicemembers, Medical Debt, Overdraft, and Other Safeguards Washington, D.C– Yesterday evening, Senator Elizabeth Warren and other Senate consumer protection champions forced a series of…
AFR in the News
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Vital Law: LOANS—Consumer, civil rights groups urge Congress to oppose 100%+ APR bank loans
The signatories include national consumer and civil rights groups such as Americans for Financial Reform, the Center for Responsible Lending, the Consumer Federation of America, Public Citizen, and the National Consumer Law Center, along with state and local organizations from across the country.
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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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Reuters: US consumer finance watchdog narrows Biden-era anti-discrimination rule on small business lending
Americans for Financial Reform, a pro-consumer organization that pushes for stricter oversight of the financial sector, said the change further weakened a critical civil rights tool, which it said was “unnecessary and immoral.”
