The Senate voted to advance the GENIUS Act (S. 1582) for a full Senate vote, despite clear evidence that this legislation makes investors and consumers less financially secure, threatens to destabilize our financial system, and would legitimize Trump’s crypto grifts. Trump corruption led Democrats to oppose the legislation on May 8, but the bill has not meaningfully changed. And since then, more details have emerged about his family's business.| Americans for Financial Reform
Proposals from the House Financial Services Committee majority for budget reconciliation would defund and dramatically erode the effectiveness of key financial regulators under the pretense of generating budgetary savings as part of the House majority’s broader plan to pay for tax cuts for the very richest families, biggest business, and Wall Street firms. The real intention is to dismantle the Consumer Financial Protection Bureau (CFPB) and the other agencies designed to reduce the likelih...| Americans for Financial Reform
In its first 100 days, the Trump administration moved aggressively to dismantle the Consumer Financial Protection Bureau (CFPB), leaving the public vulnerable to predation by Wall Street, Big Tech, and predatory lenders, and satisfying the financial industry's desire to operate without oversight. Elon Musk declared war on the CFPB, and the Republican-majority in Congress has largely aligned with the administration's efforts to tear apart the CFPB.| Americans for Financial Reform
Americans for Financial Reform Education Fund, a coalition of over 200 public interest groups fighting for a fairer financial system, today demanded answers from the Consumer Financial Protection Bureau about the reported presence at the agency of three representatives of Elon Musk’s so-called DOGE team.| Americans for Financial Reform
The House Financial Services Committee Financial Institutions Subcommittee convened a hearing today that will do little but air the grievances of the banking lobby over the highly effective work done by the Consumer Financial Protection Bureau (CFPB).| Americans for Financial Reform
