AFR

Americans for Financial Reform is a coalition of over 200 organizations campaigning for real reform and consumer protections in our banking & financial systems.

[AFR @RealBankReform]

Join our mailing list to stay apprised on actions in Congress and the regulators, and help us fight for a safer and fairer economy: https://t.co/Xus9smknTc

[Maya Jenkins @MayaMJenkins]

Index providers like #Nasdaq fast-tracked #SpaceX into their indices after the company pushed them to.

This is what everyday people whose savings are invested in funds tracking those indices have been left with (so far).

[AFR @RealBankReform]

This is why we need to curb stock buybacks.

🧾Fact Sheet: https://t.co/HLDMlYQgwK

[UAW @UAW]

ICYMI: "When GM is spending $20 billion buying back their own stock but only half that investing in factories, equipment, and productive capacity, they are choosing Wall Street profits over blue collar America." — @ShawnFainUAW

https://t.co/VCEzg23YFp

[AFR @RealBankReform]

@edmpirg Well said!

[AFR @RealBankReform]

We could really use a fully functioning, properly resourced Consumer Financial Protection Bureau right about now 🤔

#ProtectConsumers

[AFR @RealBankReform]

🔥Hey we're trending! Listen to the new @realbankreform Education Fund and @openmarkets report, "Brace for Impact: Protecting People and the Economy When the #AIBubble Bursts" now on Spotify

🎙️https://t.co/1Qzw1oBBxX

📄https://t.co/5qKgP6ziXv

[AFR @RealBankReform]

@unusual_whales Thank you! Report link ⬇️https://t.co/jFxTN04E7w

[Rohit Chopra @ChopraUSA]

Private equity investors and other companies increasingly control youth sports leagues. No kid should be shut out of sports because of price gouging or greed. https://t.co/AgVv1LCqz3

[AFR @RealBankReform]

We also echo @SenWarren and@SenBooker in calling on the FTC to protect consumers and investigate the residential real estate market for anticompetitive practices that are hurting families trying to buy homes.
https://t.co/9cuoq2rAOB

[AFR @RealBankReform]

Nearly 97% of homebuyers now start their search online, according to the National Association of Realtors. If online giants like Zillow are allowed to engage in deceptive and shady practices, that has a major impact on prospective homebuyers whose budgets are already strained.

[AFR @RealBankReform]

That's why Americans for Financial Reform Education Fund joined a letter asking the National Association of Attorneys General to use every tool at their disposal to restore a fair, competitive, and honest housing market. https://t.co/9JwQNyc69b

[AFR @RealBankReform]

"Tom Feltner, associate director of consumer policy at Americans for Financial Reform Education Fund, told Fortune the use of payday loan apps has 'certainly increased' amid Americans’ ongoing affordability concerns." https://t.co/hBSsrcLhcI

[AFR @RealBankReform]

"While these apps are free to use and don’t require credit checks or charge interest, they can charge fees for money to be transferred quickly, membership fees, and have a 'tip' option, driving up costs to an Annual Percentage Rate (APR) of 232% for an average loan"

[AFR @RealBankReform]

@openmarkets “If nothing changes, working people will pay a high price for an AI crash. Policymakers should be taking urgent action to reduce the risks. They should be committing now to not bail out the AI companies or banks and financial firms that caused the problems.” -Maya Jenkins, AFREF

[AFR @RealBankReform]

If you've been following the rapid growth of the AI sector, check out the new report @openmarkets and Americans for Financial Reform Education Fund released today, “Brace for Impact: Protecting People and the Economy when the AI Bubble Bursts.”
⬇️
https://t.co/aNbiIvEKT1

[AFR @RealBankReform]

@openmarkets “Silicon Valley and Wall Street are making enormous bets on AI, and they’re finding increasingly risky ways to keep the money flowing.” - Matthew Scherer, @OpenMarkets fellow. “But when this bubble bursts, it won’t just be billionaire investors who suffer."

[ColorOfChange @ColorOfChange]

@Fidelity: Stop blacklisting civil rights, stop blocking funds from the Southern Poverty Center.

Fidelity made more than a business decision – it complied with an attack on civil rights. But it can still reverse its actions. Sign our petition: https://t.co/m7f978X7Pb

[AFR @RealBankReform]

💻️ We'd love to see you at today's webinar! Today at 4:30 ET:

Our water, land and power supply are not the only things the billionaire tech guys are trying to grab: they are also trying to take more and more control over our financial system.

RSVP:
https://t.co/TFIzXdlMQe

[AFR @RealBankReform]

What does Anthropic’s IPO tell us about who gets to shape the rules around AI—and who bears the risks?
AFR’s Natalia Renta, Associate Director for Corporate Governance & Power, explores the question in a new 3-part series.
Start here: https://t.co/yOQPNHXWQV

[Consumer Federation of America @ConsumerFed]

“If a company has a technology that’s going to allow them to earn more money from consumers, I don’t see why they wouldn’t use it.”

The concerns come after new patent filings from Walmart revealed #AI technology that could potentially be used to help set #prices.