Americans for Financial Reform (AFR) is a progressive nonprofit organization which advocates for financial reform in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

, including stricter regulation of

Wall Street Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Str ...

. AFR is a coalition of approximately 200 consumer, labor and special interest groups.

Activities

The group supported the passage of the

Dodd–Frank Wall Street Reform and Consumer Protection Act The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Reces ...

as well as the creation of the

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, Payday lo ...

. AFR has received funding from the Democracy Alliance. AFR launched the Take on Wall Street coalition in 2016 that

Elizabeth Warren Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former law professor who is the Seniority in the United States Senate, senior United States senator from the state of Massachusetts, serving since 2013. A mem ...

helped popularize. Like Occupy Wall Street, the coalition aims to turn populist anger into financial reforms like

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...

or postal banking. 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 The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation ...

(OCC).

References

External links

*
Take on Wall Street
Financial regulation in the United States Non-profit organizations based in Washington, D.C. Organizations established in 2009 2009 establishments in Washington, D.C. {{nonprofit-org-stub