Americans for Free Markets Calls for Bank Secrecy Act Reform and Fair Access to Banking

Americans for Free Markets is pushing back against government overreach that disrupts everyday banking. In a interview, AFFM president David Ibsen explained how outdated Bank Secrecy Act thresholds flag ordinary transactions and leave consumers in the dark. He argued inflation has turned routine payrolls and purchases into “suspicious” activity, while banks remain legally unable to explain delays. AFFM supports reform that updates dollar limits, restores transparency, and ends politicized debanking. The group also advocates federal solutions to avoid state-by-state chaos and promotes light-touch regulation for artificial intelligence, ensuring innovation, free speech, competition, and consumer protection remain central to America’s future.