Today’s Supreme Court ruling in Loper Bright Enterprises v. Raimondo will give judges who are already concocting ridiculous reasons to strike down sensible protections, particularly in the notoriously pro-industry Fifth Circuit, greater leeway to strike down common-sense measures that protect people and communities.
Americans for Financial Reform
Non-profit Organizations
Washington, Washington DC 1,510 followers
Nonpartisan, nonprofit coalition working to lay the foundation for a strong, stable, and ethical financial system.
About us
Americans for Financial Reform is a nonpartisan and nonprofit coalition of more than 200 civil rights, consumer, labor, business, investor, faith-based, and civic and community groups. Formed in the wake of the 2008 crisis, we are working to lay the foundation for a strong, stable, and ethical financial system – one that serves the economy and the nation as a whole. AFR has been called “the leading voice for Wall Street accountability” in Washington (by Zach Carter of the Huffington Post). Through policy analysis, education, and outreach to our members and others, AFR builds public will for substantial reform, including: -Fair rules of the road for consumers and a strong, effective Consumer Financial Protection Bureau to set basic safety standards and protect families—and the market as a whole—from loans designed to trick and trap -A banking system that helps people buy and stay in their homes and invests in communities and businesses to create good jobs and strong neighborhoods -An end to the casino economy that allows Wall Street to make “heads we win, tails they lose” bets with our money -An end to megabank bailouts and financial institutions that are “too big to fail” -Executive compensation that rewards long-term value creation, not excessive risk-taking, with meaningful shareholder review -A transparent and accountable Federal Reserve, independent of banking industry control -Transparency for all financial products and markets -Meaningful limits on the political influence of the financial sector, so that the job of rewriting the rules is not left to the inside players who caused the problems we now face Americans for Financial Reform does not receive tax-deductible contributions. A separate project, Americans for Financial Reform Education Fund, pursues related goals through a range of nonpartisan advocacy activities and does receive tax-deductible contributions. You can learn more about AFR’s Education Fund at http://realbankreform.org/.
- Website
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https://ourfinancialsecurity.org/
External link for Americans for Financial Reform
- Industry
- Non-profit Organizations
- Company size
- 11-50 employees
- Headquarters
- Washington, Washington DC
- Type
- Nonprofit
Locations
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Get directions
1615 L ST NW
Washington, Washington DC 20036, US
Employees at Americans for Financial Reform
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Christine Chen Zinner
Senior Policy Counsel, Consumer Protection & Financial Services
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Ericka Taylor
Acting Chief of Staff, Director of Popular Education, Americans for Financial Reform; reviewer, NPR Books
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Ricardo Valadez
Private Equity Campaign Manager at Americans for Financial Reform
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Don Giannotti
Field Representative at Alliance for Affordable Services
Updates
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Although the ALEC bill offers some form of consumer protection from civil suitsand collection agencies, it is really “a wolf in sheep’s clothing,” said Christine Chen Zinner, senior policy counsel at Americans for Financial Reform, a nonprofit focused on consumer protection and an ethical financial system. “I like to think of these as workplace payday loans, because that’s really what they are, they are a loan,” Chen Zinner told The Lever. “There’s an expectation to be repaid, there’s a consequence if they aren’t repaid, so it’s really a loan.”
Big Tech Wants Your Paycheck
levernews.com
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Join SEC Commissioner Lizárraga & experts at "How Many Banking Crises Until We Rein in Wall Street Pay? Learn why reforming executive pay is crucial for financial stability. Don't miss out, RSVP Today! https://lnkd.in/dqzSnGyd
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The Consumer Financial Protection Bureau's proposed rule to remove #MedicalDebt from #CreditReports will provide immediate relief to people unfairly harmed simply because they got sick. “Medical debts are not a good predictor of general credit worthiness, they are often inaccurate, and their inclusion on credit reports effectively punishes people for health problems and lack of wealth and adequate insurance. Medical debts on credit reports can also be a tool in abusive collection practices around disputed debts. Stopping their inclusion in credit reports will strengthen the accuracy and fairness of the entire credit reporting system and help low and moderate income people and residents of Southern states in particular,” said Christine Chen Zinner, senior policy counsel with the Americans for Financial Reform Education Fund. “Years of systemic inequities baked into the credit reporting system have disproportionately limited access to capital for individuals of color and today’s proposal would help level the playing field for them as well.” Read more at: https://lnkd.in/e8F_jQV7
News Release: Removal of Medical Debt From Credit Reports Will Curb Abuses - Americans for Financial Reform
https://ourfinancialsecurity.org
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Did you know that most of the upfront costs of energy efficiency improvements can be rolled into the mortgage? This means families can save around $400 each year after paying for their mortgage, taxes, and insurance. Over a 30-year mortgage, that’s more than $15,000 in savings! Let's push for the adoption of modern energy codes by FHFA to ensure all Americans benefit from these savings. #NationalDayofAction #LowerHomeEnergyCosts https://lnkd.in/e29be-Ja
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Letters to the Regulators: Letter Urging the Treasury and the IRS to Finalize the Stock Buybacks Excise Tax Rule https://lnkd.in/e2T54cCS
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Unbelievably, financial services providers sometimes include contract terms and conditions that aren't even allowed under consumer protection laws (Military Lending Act, anyone?). Earlier this week, the Consumer Financial Protection Bureau clarified this is an unfair and deceptive practice. Read more from AFR's Christine Chen Zinner and NACA's Christine Hines about this latest move to protect consumers. https://lnkd.in/evHzubrG
CFPB Takes Action on Consumer Protection Violations in the Corporate Fine Print
nacadvocate.medium.com
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Earlier this week, the Consumer Financial Protection Bureau finalized a rule to create a first ever registry for nonbank repeat offenders. This will help regulators, businesses, and the public track repeat wrongdoing. Knowledge is power, and knowing when repeat misconduct happens is the first step towards stopping it. “Nonbank financial companies that repeatedly violate consumer protection laws will no longer get to hide behind fragmented reporting systems and misconduct will be easily searchable in one central location for consumers, investors, and regulators at every level of government,” said Christine Chen Zinner, senior policy counsel with Americans for Financial Reform. “This database is bad news for repeat offenders, but good news for the rest of us.” https://lnkd.in/e7UqGxjH
News Release: CFPB Database Expected to Help Curb Repeat Consumer Law Violations - Americans for Financial Reform
https://ourfinancialsecurity.org
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Our coalition is raising awareness about the risks of private equity in healthcare. Read our latest sign-on letter from over 90 organizations on addressing these harmful practices and learn what agencies can do to take action. https://bit.ly/3yYMrLe
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Letters to the Regulators: AFR Submits Filing Opposing Capital One-Discover Merger for Failing to Meet Bank Merger Act Requirements https://lnkd.in/ehpeJFXB
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