Home » Archive by Category

Financial Reform News

Letter To Regulators: Comment on Bank Ownership of Unsecured G-SIB Debt
June 7, 2019 – 5:48 pm

We commented to the banking regulators criticizing proposed rules on bank ownership of unsecured debt issued by systemically important (G-SIB) banks. This debt is intended to absorb losses in a potential future financial crisis, which may not be feasible if other banks are permitted to own significant amounts of it.

Media Advisory: Teleconference With SEC Commissioner Robert Jackson
June 5, 2019 – 9:38 am

Following the SEC meeting, Americans for Financial Reform will host a conference call with guest SEC Commissioner Robert Jackson. AFR and other groups have criticized the commission’s plan on investment advice for leaving ordinary Americans vulnerable to harmful industry practices. The call will include the AFL-CIO, AARP, and the Consumer Federation of America.

Fact Sheet: SEC’s “Regulation Best Interest” Will Harm Vulnerable Investors
May 30, 2019 – 2:17 pm

Do not be deceived by the label. The so-called “best interest” standard doesn’t require brokers to do what’s best for their customers. It will not require them to recommend the investments they reasonably believe are the best match for the customer, and it will not require them to consider costs except when comparing otherwise identical securities. That’s why state securities regulators have warned that the proposal “subverts,” rather than protects, investors’ best interests.

Event: Panelists Discuss Gifts To Wall Street And Lack Of Preparation For Future Crises Under Trump Regulators
May 21, 2019 – 11:00 am

Read the agenda here, or below.
View Powerpoint slides presented by Policy Director Marcus Stanley by clicking this link, or below.

Testimony: Heather Slavkin Corzo Testifies About Policies To Protect Investors, Increase Transparency, And Promote Worker Rights
May 15, 2019 – 9:34 am

The message, for too long, has been that policymakers must choose between policies that protect shareholders’ interest and those that protect workers’ interests. Investors know that economic stability is good for investment outcomes. Over the long-term, economic stability requires broad-based economic growth and shared prosperity.

Save The Date: Join AFR Ed Fund At Its ‘Big Bank Regulation Under The Trump Administration’ Conference
May 6, 2019 – 4:32 pm
Save The Date: Join AFR Ed Fund At Its ‘Big Bank Regulation Under The Trump Administration’ Conference

 

Join us on May 21st for an analysis and discussion of the important developments in the regulation and supervision on big banks, and their effects on financial security and economic stability. View the details here, or below.

AFR Statement: Senate Banking Hearing on Bank Supervision
April 30, 2019 – 9:34 am

AFR submitted the below statement to the Senate hearing on Guidance and Supervisory Expectations
AFR Submission to Senate Banking Committee April 30th Hearing

Report: Wall Street Pumps $1.9 Billion into Political Process in 2017-18 Election Cycle
April 30, 2019 – 6:58 am
Report: Wall Street Pumps $1.9 Billion into Political Process in 2017-18 Election Cycle

The $1.9 billion Wall Street poured into American politics includes contributions to campaign committees and leadership PACs ($922 million) and lobbying expenditures ($957 million). The money backed a massive rush of pro-industry nominees and legislation over the last two years, at a time when the biggest banks made $100 billion in profits for the first time.