Americans for Financial Reform
Formation2009
TypeNonprofit advocacy group
PurposeStricter regulation of U.S. financial system
Location
Executive Director
Lisa Donner
Websiteourfinancialsecurity.org

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]

References

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

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