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Americans for Financial Reform @ourfinancialsecurity.org · 11m

"By shutting down the CFPB, Vought is just inviting big banks, predatory lenders, and Big Tech to nickel and dime working families, who are already struggling to make ends meet under Trumpflation."

Americans for Financial Reform @ourfinancialsecurity.org · 11m

"[The CFPB] created rules to prevent fraud and abuse, and it has returned over $20 billion to people who had been swindled by predatory finance."

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Americans for Financial Reform @ourfinancialsecurity.org · 11m

"The CFPB exists because financial regulators failed to enforce consumer protection and fair lending law for decades. For nearly fifteen years, the Bureau has worked to make sure financial firms don’t get away with ripping people off."

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Americans for Financial Reform @ourfinancialsecurity.org · 11m

"That the administration has no statutory authority to shutter congressionally authorized and funded agencies like the CFPB is bad enough, but this illegal dismantling of federal agencies also exposes real people to real financial harm. "

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Americans for Financial Reform @ourfinancialsecurity.org · 11m

Today OMB Director Russell Vought unlawfully claimed he would eliminate the CFPB in its entirety within the next few months. Read AFR Co-Executive Director Ericka Taylor's statement in response: ourfinancialsecurity.org/news/stateme...

Statement: OMB’s Vought Threatens Unlawful Dismantling of CFPB - Americans for Financial Reform

Today, OMB Director Russell Vought unlawfully claimed he would eliminate the Consumer Financial Protection Bureau in its entirety within the next few months.

ourfinancialsecurity.org

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Americans for Financial Reform @ourfinancialsecurity.org · 1d

Consumers living in the 20% of zip codes hit worst by climate change related disasters face the steepest increase in cost for insurance premiums. People shouldn’t be forced to pay more in insurance for properties with increasingly smaller value.

ourfinancialsecurity.org/resources/pr...

Americans for Financial Reform @ourfinancialsecurity.org · 2d

Banks and other companies want to automate routine decision making using AI, but this poses real harm to people when algorithmic decision making can violate civil rights and consumer protection laws. buff.ly/rZnOJMC

Blog: Sandbox or Quicksand: The Big Risks with the Plot to Let Unregulated AI into Your Bank - Americans for Financial Reform

The House Financial Services Committee is once again venturing into the artificial intelligence (AI) game and seems poised to let AI and Big Tech team up with Wall Street banks with almost no…

buff.ly

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Americans for Financial Reform @ourfinancialsecurity.org · 2d

Banks bounced back pretty quickly from the 2008 crisis, but the economic trauma lingered for years for the millions of families that lost their life savings, homes, and jobs. Now Trump is daring history to repeat itself by aiming to weaken the safeguards put in place.

Blog: Weakening Bank Capital Rules Puts Us All at Risk - Americans for Financial Reform

This summer, federal bank regulators proposed a rule to massively weaken the key post-2008 financial crisis banking regulation designed to make the mega banks more resilient and reduce the risk of…

ourfinancialsecurity.org

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Americans for Financial Reform @ourfinancialsecurity.org · 5d

🚨 Scam alert! With the FTC shut down and not taking consumers' fraud complaints, fraudsters looking to "exploit fear and uncertainty" are demanding consumers verify their data or even pay a fee to ensure their benefits continue. This is a scam!

Consumer watchdogs warn of increase in government shutdown-related scams as workers worry about pay, benefits

Scammers may look to exploit fear and uncertainty as people worry about pay and benefits in the ongoing government shutdown.

www.cbsnews.com

Americans for Financial Reform @ourfinancialsecurity.org · 5d

Allowing crypto assets in retirement accounts is incredibly risky & a bad idea. Crypto is highly volatile, ridden with fraud, plus in a major downturn, retirement savings could evaporate, as happened in the crypto winter 3 years ago when $2 trillion were wiped out.

More Perfect Union @moreperfectunion.bsky.social · 5d

Morgan Stanley will now allow crypto investments in any type of account, including retirement accounts.

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Reposted by Americans for Financial Reform

Lenore Palladino @lenorepalladino.bsky.social · 5d

unregulated finance is open to everyone now, full stop

I'm writing a piece about this & it just keeps getting worse

More Perfect Union @moreperfectunion.bsky.social · 5d

Morgan Stanley will now allow crypto investments in any type of account, including retirement accounts.

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Americans for Financial Reform @ourfinancialsecurity.org · 5d

Industrial loan companies (ILCs) *are* banks. They accept deposits, process payments & issue loans. So why aren't they subject to Federal Reserve supervision? This regulatory loophole poses big risks, especially regarding Big Tech or retail companies' privileged access to consumer financial data.

Blog: Big Tech, Predatory Fintech, and Big Retail Would Reap Bonanza from Expanding the Industrial Bank Loophole - Americans for Financial Reform

If the Trump administration gives a flood of Big Tech companies, fintech firms, and others their own industrial loan banks these operators will be free to prey upon people with unfair terms, junk…

ourfinancialsecurity.org

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Americans for Financial Reform @ourfinancialsecurity.org · 6d

Trump's call to privatize Fannie & Freddie is downright reckless, especially right now. It ignores renters & homebuyers already struggling with unaffordable housing & puts the stability of our entire housing finance system at risk just to benefit a few billionaire investors.

Blog: Rushing to Privatize Fannie and Freddie Would Make Housing More Expensive While Putting the Entire U.S. Economy at Risk - Americans for Financial Reform

The Trump administration has called for the recapitalization and return to private control of Fannie Mae and Freddie Mac, which provide critical support for the mortgage market.

ourfinancialsecurity.org

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Americans for Financial Reform @ourfinancialsecurity.org · 11d

Have you been to a Capital One Café? While on the surface the idea of a big bank running a coffee shop is just weird, the deeper implications of this illegal mixing of banking and commerce reveal a much more insidious threat. ourfinancialsecurity.org/news/blog-ca...

Blog: Capital One’s De-Branching Comes After your Locally-Owned Coffee Shop - Americans for Financial Reform

When the Federal Reserve foolishly approved the Capital One takeover of Discover, it ignored the fact that Capital One had relentlessly closed bank branches after a series of mergers over the past…

ourfinancialsecurity.org

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Americans for Financial Reform @ourfinancialsecurity.org · 12d

A resilient financial system depends on strong capital standards and other guardrails. Weakening capital standards now would make the system shakier, the economy more fragile, and the public more exposed—just like the deregulation that led to the 2008 financial crisis.

Blog: Weakening Bank Capital Rules Puts Us All at Risk - Americans for Financial Reform

This summer, federal bank regulators proposed a rule to massively weaken the key post-2008 financial crisis banking regulation designed to make the mega banks more resilient and reduce the risk of…

ourfinancialsecurity.org

Americans for Financial Reform @ourfinancialsecurity.org · 16d

🚨 Big money from crypto billionaires = big threat for families, our economy, and our democracy. We need YOUR voice to stop their dangerous agenda. Join the nationwide VIRTUAL RALLY on Oct. 7, 6:30pm ET.✍️ RSVP: us06web.zoom.us/webinar/regi...

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Americans for Financial Reform @ourfinancialsecurity.org · 26d

What does the crypto industry really want? Don't miss this episode of the Computer Says Maybe podcast as AFR's Mark Hays joins host Alix Dunn to discuss who benefits and who loses from the dark side of crypto’s supposed promise of innovation & financial freedom.🎙️🎧▶︎https://buff.ly/gPKs8vP

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Americans for Financial Reform @ourfinancialsecurity.org · 27d

🏚️Did you know insurers unfairly penalize homeowners with lower credit scores? AFREF's new report with @publiccitizen.bsky.social details how those penalties worsen household financial health, particularly for those who live in neighborhoods of color ➡️ ourfinancialsecurity.org/news/newrepo...

Rising Property Insurance Premiums: The Uneven Risks to Household and Systemic Financial Stability - Americans for Financial Reform

Introduction Property insurance is growing more expensive and harder to obtain throughout the U.S. Climate change and the rising costs of severe weather damage are a crucial cause, but racial and…

ourfinancialsecurity.org

Americans for Financial Reform @ourfinancialsecurity.org · 28d

Things Republican SEC Comm'rs did today that hurt regular people:
❌ Undermined investors' right to take corporate wrongdoers to court buff.ly/5eIc0Yf
❌ Helped private funds dodge reporting requirements designed to prevent financial crashes buff.ly/HLWE9pZ

Statement: Republican SEC Commissioners Make a Backdoor Attack on Investor Rights - Americans for Financial Reform

Today, the Republican SEC Commissioners moved a cowardly measure that undermines the rights of investors by allowing SEC staff to approve company requests to force all shareholder cases into…

buff.ly

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Reposted by Americans for Financial Reform

U.S. House Committee on Financial Services - Democrats @ushousefsc.bsky.social · Sep 10

Ranking Member @repmaxinewaters.bsky.social' opening remarks at today's full Committee hearing:

“Trump’s chaotic interference in private markets, and the misuse of government tools, is only to give Trump more ways to bully the American people.” | tinyurl.com/45b6mb2a

WATCH: youtu.be/BcExMqJWm-I

09/10/2025 - Ranking Member Maxine Waters on Trump’s Communist Takeover

YouTube video by U.S. House Committee on Financial Services

youtu.be

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Reposted by Americans for Financial Reform

U.S. House Committee on Financial Services - Democrats @ushousefsc.bsky.social · Sep 10

Republicans are working w/Trump’s SEC to strip power from investors & force companies to instead bow to his political demands. This is as anti-capitalist as it gets.

Committee Democrats are fighting to protect investors from this blatant power grab.
💻: tinyurl.com/sxwz5ezk
📻: x.com/USHouseFSC/s...

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Americans for Financial Reform @ourfinancialsecurity.org · Sep 10

👏Not only is private equity driving hospital closures, but it is a growing threat to home and community based services (HCBS), as well. ourfinancialsecurity.org/resources/re...

Report: Wall Street on your Doorstep: Protecting Home Care from Private Equity Abuses - Americans for Financial Reform

Home and community based services (HCBS) have steadily become a viable choice for aging and disability care after decades of campaigning to make care available in responsive environments that are grou...

ourfinancialsecurity.org

Americans for Financial Reform @ourfinancialsecurity.org · Sep 10

Thank you for sharing!

Americans for Financial Reform @ourfinancialsecurity.org · Sep 10

These bills aren’t about protecting “shareholder value.” They’re an anti-ESG driven crusade designed to insulate CEOs and other corporate insiders from accountability-- at the expense of savers, investors & the rest of us.

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Americans for Financial Reform @ourfinancialsecurity.org · Sep 10

More bad bills:
❌ “Mandatory Materiality Requirement Act” lets CEOs decide what info investors don’t need.
❌ “Performance Over Politics Act” raises barriers to submitting proposals.
❌ “Businesses Over Activists Act” could end the shareholder proposal process altogether.

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