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AFR in the News

AFR in the News: Trump to propose scrapping beleaguered student loan forgiveness program (MarketWatch)
May 18, 2017 – 2:10 pm

“Alexis Goldstein, a senior policy analyst at Americans for Financial Reform… described the idea of eliminating the program as ‘horrifying,’ noting that… borrowers are struggling to manage their student debt, pushing them to put off home-buying and other financial milestones. Eliminating a forgiveness program would only make that worse, she said. ‘It seems both ill-conceived from a policy perspective and just cruel.’”

AFR in the News: Mnuchin Said to Start Review That Could Ease Volcker Rule’s Bite (Bloomberg)
May 15, 2017 – 9:38 am

“At a closed-door meeting in Washington on Monday, Treasury Secretary Steven Mnuchin directed five key agencies to re-examine what’s permitted under the Volcker Rule… Marcus Stanley, policy director at Americans for Financial Reform, said he’s dubious that Volcker is handcuffing lenders. ‘You’re talking about banks that are making tens of billions a year on trading activity,” said Stanley, whose group supports aggressive oversight of Wall Street. “It doesn’t seem to me that they’ve exited the markets.’”

AFR in the News: Consumer advocates press Congress to keep CFPB intact (MarketWatch)
May 15, 2017 – 9:33 am

“More than 100 members of organizations… met with government officials of both parties and their staffs to lobby against several laws proposed recently… Brian Simmonds Marshall, policy counsel for Americans for Financial Reform, [said] , ‘We were very glad we had so many consumer advocates in Washington when these crucial issues to consumer protection are being actively considered by Congress…’”

AFR in the News: House Republicans Move to Gut Bank Regulations (NY Times)
May 9, 2017 – 5:23 pm

“Progressive groups argued that the push to unravel Dodd-Frank was at odds with Mr. Trump’s populist campaign message that the economy was rigged in favor of corporate interests. ‘It is an enormous package of gifts for Wall Street and the worst actors in finance,” said Lisa Donner, executive director of Americans for Financial Reform, who said the bill House Republicans passed would increase the likelihood of another financial crisis.’ The banking industry’s top lobbyist, Rob Nichols, president of the American Bankers Association, cheered the committee’s vote.”

AFR in the News: Next On the House Republican Chopping Block: Post-Crisis Bank Regulations (Huffington Post)
May 9, 2017 – 2:57 pm

“‘The [House Financial Services] committee has passed a bill that would give Wall Street and assorted predatory lenders a free hand to abuse consumers, and investors, and would increase the likelihood of another financial crisis,’ said Lisa Donner, executive director of the group Americans for Financial Reform. ‘It is an enormous package of gifts for Wall Street and the worst actors in finance.’”

AFR in the News: Demanding transparency and fairness from Trump tax plan (The Hill)
April 28, 2017 – 11:00 am

“What Americans want and will continue to demand is, of course, the exact opposite of what Trump’s tax plan represents. They want to see the loopholes closed and Wall Street paying more, not less. Senator Bernie Sanders and Representative Keith Ellison have proposed a sales tax on Wall Street transactions; that would be a good start. Working families pay taxes when they buy a car or a pair of shoes.”

AFR in the News: How Consumer Financial Protections Could Be Rolled Back (Consumer Reports)
April 28, 2017 – 10:53 am

“‘The level of venom directed at the Consumer Financial Protection Bureau, an agency that is successfully carrying out its mission of preventing tricks and traps that harm American families, is astounding,’ said Lisa Donner, executive director of Americans for Financial Reform, a nonpartisan and nonprofit coalition of consumer and other citizen groups. ‘The changes proposed by the legislation only make sense if you want to weaken consumer protections and make it easier for Wall Street, and predatory lenders, to profit by cheating people.’”

AFR in the News: Trump’s Tax Plan Slashes Taxes for Big Banks, is a Disaster for American workers (CNN)
April 27, 2017 – 4:08 pm
AFR in the News: Trump’s Tax Plan Slashes Taxes for Big Banks, is a Disaster for American workers (CNN)

AFR’s Senior Policy Analyst Alexis Goldstein appeared on CNN Newsroom with Brooke Baldwin on Wednesday, April 26th to discuss how the Trump Administration’s tax plan would benefit Wall Street and leave ordinary American workers behind. “We have two former bankers from Goldman Sachs announcing a tax plan that–from the details that we do know–will dramatically cut taxes for big banks like Goldman Sachs,” Goldstein said.