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…
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."
AFR retweeted
@Fidelity: Stop blacklisting civil rights, stop blocking funds from the Southern Poverty Center.
Fidelity made more than a business decision – it complied with an attack on civil rights. But it can still reverse its actions. Sign our petition: coc.is/FidelityDAF
ALT This image is a digital poster titled "Fidelity is Blocking Civil Rights Funding." It includes logos and headlines from publications such as Boston Business Journal, The Chronicle of Philanthropy, and ProPublica, highlighting articles about Fidelity, Vanguard, and donations to the Southern Poverty Law Center. The call to action reads, "Sign the Petition," and mentions collecting 50,000 signatures. The poster is by Color of Change.
ALT Poster with bold text asking, "Why is Fidelity blacklisting civil rights groups?" Includes a call to action to sign a petition with 50,000 signatures already collected. Features the logo for "Color of Change" at the top.
💻️ We'd love to see you at today's webinar! Today at 4:30 ET:
Our water, land and power supply are not the only things the billionaire tech guys are trying to grab: they are also trying to take more and more control over our financial system.
RSVP:
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What does Anthropic’s IPO tell us about who gets to shape the rules around AI—and who bears the risks?
AFR’s Natalia Renta, Associate Director for Corporate Governance & Power, explores the question in a new 3-part series.
Start here: buff.ly/Qlf152F
Is the extraordinary run-up in AI-related valuations sustainable, or is it the latest chapter in a familiar boom-bust pattern? Join AFREF and the Levy Economics Institute of Bard College for an in person discussion on Oct 14th.
RSVP: buff.ly/CP1cVQo
AFR retweeted
Over and over again, private equity has gutted one industry after another — and walked away richer.
Our Stop Wall Street Looting Act would fight back.
The bill also closes tax loopholes that currently incentivize loading companies with unsustainable debt and that allow billionaire executives to pay lower tax rates than teachers, nurses, and firefighters. #SWSLA buff.ly/wUA6r7F