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.
Advocacy
Resources
-
Updates
Press Release: AFREF Applauds State Attorneys General for Challenging Trump Administration Rollback of Transparency Rule
“The Trump administration’s rollback of the Corporate Transparency Act rules was a gift to fraudsters and corrupt actors worldwide. Without rules requiring businesses to divulge their true ownership, every bad actor imaginable, from scam artists to abusive corporate landlords to international money launderers and many more will have a much easier time using anonymous shell…
AFR in the News
-
The Street: More Americans tap paycheck advances as retirees face risks
“It is adding new debt that’s invisible to other creditors and is driving the total amount of debt people carry.” Tom Feltner associate director of consumer policy at the Americans for Financial Reform Education Fund.
-
Washington Examiner: Musk and Trump want to kill the CFPB. Republican voters beg to differ
Republican, Democratic, and independent voters alike express overwhelming support for the consumer bureau in a new poll, conducted among likely midterm voters by the bipartisan polling team of Chesapeake Beach Consulting and Lake Research Partners on behalf of Americans for Financial Reform and the Center for Responsible Lending. The bureau’s broad popularity has been consistent…
-
Fortune: 10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report finds
Tom Feltner, deputy director for consumer protection policy at Americans for Financial Reform Education Fund, said the risk lies not only in fees for a single transaction but also in using several financial apps at the same time. This, he said, may increase the risk of late payments. According to CFPB data for 2025, more…
Press Release: AFREF Applauds State Attorneys General for Challenging Trump Administration Rollback of Transparency Rule
