Americans for Financial Reform explained

Americans for Financial Reform
Formation:2009
Type:Nonprofit advocacy group
Purpose:Stricter regulation of U.S. financial system
Location:Washington, D.C.
Leader Title:Executive Director
Leader Name:Lisa Donner

Americans for Financial Reform (AFR) is a progressive nonprofit organization which advocates for financial reform in the United States, including stricter regulation of Wall Street.[1] [2] AFR is a coalition of approximately 200 consumer, labor and special interest groups.[3]

Activities

The group supported the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act as well as the creation of the Consumer Financial Protection Bureau.[4] [5] AFR has received funding from the Democracy Alliance.[6]

AFR launched the Take on Wall Street coalition in 2016[7] that Elizabeth Warren helped popularize.[8] Like Occupy Wall Street, the coalition aims to turn populist anger into financial reforms[9] like public[10] or postal banking.[11]

During the Biden administration, AFR has pushed for the appointment of progressives to federal office. The group praised the nomination of Saule Omarova to lead the Office of the Comptroller of the Currency (OCC).[12]

External links

Notes and References

  1. News: Dennis. Brady. Group Has Financial Industry in Its Sights. 23 July 2015. Washington Post. August 22, 2009.
  2. News: Weisman. Jonathan. Lipton. Eric. In New Congress, Wall St. Pushes to Undermine Dodd-Frank Reform. 23 July 2015. New York Times. January 13, 2015.
  3. News: McGrane. Victoria. Consumer groups ready for fight on new agency. 23 July 2015. Politico. July 15, 2009.
  4. News: Wheeler. Lydia. Sen. Warren: We need to expand Dodd-Frank. 23 July 2015. The Hill. July 21, 2015.
  5. Book: Kirsch . Larry . Mayer . Robert. Financial justice : the people's campaign to stop lender abuse . Praeger . Santa Barbara . 2013 . 978-1440829512 .
  6. News: Gold. Matea. Wealthy donors on left launch new plan to wrest back control in the states. 23 July 2015. Washington Post. April 12, 2015.
  7. Web site: Nonprofit Group Launches Website to Counter Anti-ESG Information PLANSPONSOR . 2024-03-02 . www.plansponsor.com.
  8. News: Warmbrodt . Zachary . Warren escalates attack on ‘small, insecure’ Trump .
  9. Web site: Illing . Sean . 2016-05-25 . Occupy Wall Street is back — and it might actually succeed this time . 2024-03-02 . Salon . en.
  10. Web site: 'Banking for the People': Tlaib and Ocasio-Cortez Unveil Bill to Foster Creation of Public Banks Across US . 2024-03-02 . www.commondreams.org . en.
  11. Web site: Miettinen . Dylan . 2021-10-15 . USPS pilots a public banking program . 2024-03-02 . Marketplace . en-US.
  12. Web site: Warmbrodt. Zachary. 'Radical' Biden nominee faces backlash from banks. 2021-09-27. POLITICO. en.

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