Today's SEC proposal to repeal its 2024 disclosure rule on climate-related financial risk for large public companies is a sweeping reinterpretation of the agency’s disclosure authority and will leave investors and markets without critical information. ourfinancialsecurity.org/news/sec-usi...

AFR Education Fund recently submitted a letter to the Financial Stability Oversight Council opposing the administration’s effort to weaken oversight of nonbank financial firms. If implemented, the guidance’s proposed policies would heighten the threat of systemic risk across the financial system.

Today, the crypto industry-drafted CLARITY Act passed out of the Senate Banking Committee on a largely party line vote. All Committee Republicans and two Democrats voted yes on this dangerous bill. 🧵

Markup for H.R.3633, the Digital Asset Market Clarity Act, begins shortly at 10:30AM ET! We'll be watching to see which Senators speak out to protect consumers and who instead caters to the crypto billionaires. www.banking.senate.gov/hearings/05/...

Last August, a handful of @democrats.senate.gov said they'd only accept crypto legislation that met certain principles. The latest version of the Senate crypto legislation not only doesn’t meet that standard, it puts our whole economy at risk. ourfinancialsecurity.org/news/deeply-...

Private equity corporate landlords are contributing to the housing affordability crisis & making things worse for first time homebuyers, manufactured housing residents & renters. We can reverse these trends if legislators are willing to take on PE & fight for legislation that reigns in its abuses.

Today, @democrats.senate.gov are taking over the Senate floor to force a series of 20 votes to reverse Donald Trump’s roll back of rules that protect American consumers and lower their costs. Here's what you need to know ➡️ ourfinancialsecurity.org/resources/fa...

Thank you @pressley.house.gov for your remarks and for fighting for the dignity of work.

Congress is considering HR 4801, the Unleashing AI Innovation in Financial Services Act, a dangerous bill that lets big banks seek broad waivers from existing civil rights, consumer protection & financial stability laws while they experiment with AI. ourfinancialsecurity.org/government/l...

DC area folks, heads up there is a great film screening and Q&A tonight on crypto at 6:30pm!

More PE layoffs: Beginning May 18th, Family Dollar will lay off nearly 400 workers. This comes after the company was purchased by private equity firms last year

Fossil fuel companies account for 64% of private equity firms’ energy portfolios, down just 1% from 2025. At this pace, private equity would not fully exit fossil fuels until at least 2090

There is never a good time for deregulating banks, but it would be hard to pick a worse time. Hearing starts in a few minutes!

Did you know in NC, wealthy Black, Latino & Asian mortgage applicants are 2x as likely to be rejected by Wells Fargo as middle-class white applicants? Our joint study found troubling patterns of racial disparity & underrepresentation at Wells Fargo➡️ buff.ly/XbTkIts

“Rather than cutting enforcement, supervision & outreach staff, we should be strengthening the capacity of those offices to hold financial wrongdoers accountable.” - Tom Feltner, AFR Associate Director of Consumer Policy www.washingtoninformer.com/budget-proce...

"The CFPB is the main agency with authority and the mission to help consumers with credit reporting issues, and if we're serious about protecting Americans and ensuring the integrity of the credit reporting system then we must support a strong CFPB." - @repbillfoster.bsky.social

"In a time when consumers are struggling already with the affordability of everyday expenses, Congress should be helping consumers address credit reporting problems, not caving to the industry’s wish list." @chichiwu.bsky.social #ProtectConsumers #CreditReporting www.nclc.org/bills-boosti...

The CFPB "has saved in refunds to American families $21 billion since 2011. That's not counting the probably 4-5x that amount saved by stopping predatory schemes in their tracks."- @merkley.senate.gov Not all criminals wear masks. Trump putting Vought in charge of the CFPB was a gift to lawbreakers.

The 2027 budget Vought has presented to Congress is a declaration of war on everyday people. It is tone-deaf, cruel, and proof of the Trump administration’s disdain for those suffering through this cost-of-living crisis. www.pbs.org/newshour/pol...

NEW: The Biden administration sued a Texas land developer accused of duping tens of thousands of Hispanic residents. Trump’s DOJ is now offering an unprecedented settlement that experts say could target the very people who were harmed by the developer. w/ @texastribune.org

In all but 3 states, insurance companies can underwrite a home insurance policy & price those policies based on the homeowner’s credit score. Lower credit score borrowers pay 30% more than higher credit households with similarly risk properties. ourfinancialsecurity.org/news/4-reaso...

“In five years, the resolution of consumer disputes is going to be worse, credit reports are going to be worse and it’s going to be harder for folks to fix them, guaranteed.” #stopvought #savecfpb

The FBI’s new 2025 Internet Crime Report, which analyses the scope and scale of online financial criminal activity and who is most impacted by it, confirms what too many survivors already know – we’re living in a golden age of online financial fraud driven by crypto. buff.ly/qpzLBbm

The rush to grant bank charters to crypto companies like Coinbase, and to hand them many of the privileges of being a bank without corresponding oversight, is dangerous and runs counter to longstanding federal law & practice. Statement ➡️ ourfinancialsecurity.org/news/stateme...

No ICE. No war. No Kings. #nokings

Did you know that in all but 3 states, insurers can use your credit score to determine what you pay for homeowners insurance? Your insurance commissioner or state legislature can stop this predatory industry behavior–in fact, it’s their job.

Well this is going nowhere good.

AFR proudly supports the Ultra-Millionaire Tax Act. Our tax system is unjust. Wealthy elites should not be able to game the system at the expense of the rest of us. Let's get this done. Read the bill text in @warren.senate.gov's press release➡️ www.warren.senate.gov/newsroom/pre...

What does the SEC have to do with the oligarchy? Unfortunately, quite a lot. ➡️ ourfinancialsecurity.org/news/what-do...

No Thrones. No Crowns. No Kings. This Saturday, March 28, millions of us will rise up again to mobilize against Trump’s abuse of power! Join us to take part in peaceful action by finding an event near you and RSVPing now! www.nokings.org

Trump's meme coin pumpers are at it again - selling access via $TRUMP coin buys to an exclusive gala luncheon with the President at Mar-a-Lago in April. 🔎 AFR's crypto corruption fact sheet spells out the real cost of these shady deals: ourfinancialsecurity.org/resources/we...

ICYMI: Professor Lenore Palladino guested on a recent AFREF Speaker Series webinar and gave a great rundown on the rise of unregulated lending and the current dynamics that make private credit a potential ticking time bomb. youtu.be/uCrXuDAEH2Q?...

Weakening capital standards "amid geopolitical chaos, turbulence in private markets, a potential AI-related bubble inflating & signs of a slowing economy, is like closing your umbrella in the middle of a downpour because you are not getting wet." 🎙️➡️ buff.ly/syMFfVH

Climate change is driving more severe, frequent disasters and higher recovery costs. Instead of working to bolster resilience and lower risk, insurers are pulling in record profits, and squeezing us dry. More here➡️ ourfinancialsecurity.org/events/12-9-...

Trump not only failed to deliver on his promise to cap credit card rates, he made things worse by undermining the only agency dedicated to pursuing financial justice for consumers. www.youtube.com/watch?v=vZwV...

Recently Texas & 10 states settled a lawsuit they brought alleging the largest asset managers undermined the coal industry & violated antitrust laws. Despite weak legal arguments, Vanguard caved, agreeing to a $29.5 million payment & corporate-friendly terms ourfinancialsecurity.org/news/led-by-...

This recent piece from @halsinger.bsky.social examines one more example of Wall Street messing with housing.

This week DC hosts the Blockchain Summit, full of crypto lobbyists, donors & allies in Washington. Changpeng Zhao and Justin Sun - two crypto CEOs with deep Trump business ties and suspected of or convicted for fraud and failure to combat dirty money - are featured speakers.

The new guide released by the Equitable & Just Insurance Initiative sheds light on the murky & complicated rate-setting & premium calculation process that is impacting vulnerable home owners. Read the guide for 7 clear steps states can take to fix this➡️

Happening in one hour at 3pm ET/2pm CT/12 noon PT! Join AFREF's Natalia Renta for a discussion with Dr. Lenore M. Palladino on the impacts we can expect from the rapid expansion of private credit and why financial justice advocates should be concerned. RSVP here: us06web.zoom.us/webinar/regi...

still wondering, what is private credit, again?! join me for a webinar organized by @ourfinancialsecurity.org on wed march 4th at 3pm et us06web.zoom.us/webinar/regi...

Wall Street's out of control in the housing market. Owning a home is out of reach for too many people. Trump likes to talk big, but his record is giveaways & favors to Wall Street. @warren.senate.gov's American Homeownership Act is a real plan to fix this ourfinancialsecurity.org/news/real-re...

With an industry-friendly administration full of private equity magnates, the push to offload private equity junk onto retirement savers & small investors is accelerating. We cannot afford to ignore the danger signs. New blog from AFR's Oscar Valdés Viera: ourfinancialsecurity.org/news/as-dark...

Small investors like Cathy Shubert trust financial firms to help them plan for retirement. But after Shubert's adviser put her 401(k) savings into risky products intended for wealthy investors, Shubert lost more than half of her money. She's not alone. www.theguardian.com/us-news/ng-i...

One year after Trump and Vought tried to dismantle the CFPB, it still stands thanks to the nonstop fighting from CFPB workers and advocates. This Valentine’s Day, tell Congress to show working families some love, not Wall Street. Restore CFPB funding now! bit.ly/lovecfpb #CFPBMyValentine

Love looks like protecting veterans and hardworking families from predatory scams. Love looks like stopping discriminatory lending. This Valentine’s Day, let’s demand lawmakers stand with everyday people. Click the link to demand Congress restore CFPB funding bit.ly/lovecfpb #CFPBMyValentine

Is there an elected official in your life who could use some tough 🩷? Send your message to Congress and ask them who their Valentine will be this year: Working people or greedy billionaires? #CFPBMyValentine www.responsiblelending.org/show-your-lo...

A year ago, Trump's administration gutted the CFPB. It's still around thanks to many amazing consumer advocates, but enough is enough. Tell Congress not to cozy up to big banks and instead show the CFPB a little love: www.responsiblelending.org/show-your-lo... #CFPBMyValentine

Trump family crypto firm World Liberty Financial has applied for a national trust bank charter, but WLF’s business model does not fall within the bounds of what this kind of charter permits, and the application raises grave conflicts of interest and corruption concerns. 📰 ➡️ buff.ly/ffDLlce