Americans for Financial Reform is a coalition of over 200 organizations campaigning for real reform and consumer protections in our banking & financial systems.
Washington DC
Joined July 2009
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Join our mailing list to stay apprised on actions in Congress and the regulators, and help us fight for a safer and fairer economy: actionnetwork.org/forms/sign…
Our new poll with @CRLOnline found nearly half of voters report that they or someone in their household has cut back on essentials like food, clothing, or gas because of debt.
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Nine in ten voters (92%) say it is important to regulate financial services and products to ensure they are fair for consumers, including 97% of Democrats, 90% of independents and weak partisans, and 91% of Republicans.
“As the nation’s affordability crisis deepens, Americans overwhelmingly support the CFPB’s mission...The Administration should restore this watchdog agency’s funding and allow it to fulfill its mission," - Mike Calhoun, president of @CRLOnline
This is why we need to curb stock buybacks.
🧾Fact Sheet: ourfinancialsecurity.org/res…
ICYMI: "When GM is spending $20 billion buying back their own stock but only half that investing in factories, equipment, and productive capacity, they are choosing Wall Street profits over blue collar America." — @ShawnFainUAW
uaw.org/statement-from-uaw-p…
We could really use a fully functioning, properly resourced Consumer Financial Protection Bureau right about now 🤔
#ProtectConsumers
🔥Hey we're trending! Listen to the new @realbankreform Education Fund and @openmarkets report, "Brace for Impact: Protecting People and the Economy When the #AIBubble Bursts" now on Spotify
🎙️open.spotify.com/playlist/4S…
📄ourfinancialsecurity.org/eco…
AFR retweeted
Private equity investors and other companies increasingly control youth sports leagues. No kid should be shut out of sports because of price gouging or greed. nitter.cf/MorePerfectUS/status/2…
Nearly 97% of homebuyers now start their search online, according to the National Association of Realtors. If online giants like Zillow are allowed to engage in deceptive and shady practices, that has a major impact on prospective homebuyers whose budgets are already strained.
That's why Americans for Financial Reform Education Fund joined a letter asking the National Association of Attorneys General to use every tool at their disposal to restore a fair, competitive, and honest housing market. buff.ly/Rn00Sqn
We also echo @SenWarren and@SenBooker in calling on the FTC to protect consumers and investigate the residential real estate market for anticompetitive practices that are hurting families trying to buy homes.
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"While these apps are free to use and don’t require credit checks or charge interest, they can charge fees for money to be transferred quickly, membership fees, and have a 'tip' option, driving up costs to an Annual Percentage Rate (APR) of 232% for an average loan"
"Tom Feltner, associate director of consumer policy at Americans for Financial Reform Education Fund, told Fortune the use of payday loan apps has 'certainly increased' amid Americans’ ongoing affordability concerns." buff.ly/8FsoAqY
If you've been following the rapid growth of the AI sector, check out the new report @openmarkets and Americans for Financial Reform Education Fund released today, “Brace for Impact: Protecting People and the Economy when the AI Bubble Bursts.”
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“Silicon Valley and Wall Street are making enormous bets on AI, and they’re finding increasingly risky ways to keep the money flowing.” - Matthew Scherer, @OpenMarkets fellow. “But when this bubble bursts, it won’t just be billionaire investors who suffer."