Home » Archive by Category

Statements and Press Releases

AFR Statement: Treasury Report on Systemic Risk Designation of Large Non-Banks
November 20, 2017 – 4:25 pm

FOR IMMEDIATE RELEASE
Nov. 20, 2017
CONTACT
Carter Dougherty
carter@ourfinancialsecurity.org
(202) 251-6700
Treasury Memorandum Weakens Systemic Risk Supervision
On Friday the Treasury Department released a memorandum on the process used by the Financial Stability Oversight Council (FSOC) to designate large …

TOWS Statement: House Tax Bill a Gift to Wall Street
November 16, 2017 – 2:08 pm

The Take on Wall Street campaign denounces the passage of a tax bill in the House of Representatives that would give Wall Street and the 1% over $1 trillion in tax breaks while leaving many middle-income Americans paying higher taxes, increasing the public deficit, and leading to deep cuts in important public services.

AFR Statement: House Committee Approves a Package of Wall Street Giveaways
November 16, 2017 – 10:55 am

“The package includes legislation that would release the nation’s largest banks from measures to prevent a financial crisis, saving them billions of dollars in expenses,” AFR’s Lisa Donner said. “It would also allow banks and fintech firms to cooperate in new forms of payday lending, and make investment products riskier for mom-and-pop savers. And it’s all happening against the backdrop of a big proposed tax cut for Wall Street.”

Public Testimony: Alexis Goldstein calls on ED Department to Process Borrower Defense Applications
November 15, 2017 – 5:22 pm
Public Testimony: Alexis Goldstein calls on ED Department to Process Borrower Defense Applications

At the Department of Education’s negotiated rulemaking on Borrower Defense, Alexis Goldstein gave public comment imploring the Department to finally discharge the debt of students defrauded by for-profit colleges.

TOWS Statement: Groups Slam Tax Bills For Failure to Close Carried Interest Loophole
November 10, 2017 – 10:44 am

The Take on Wall Street campaign denounced the proposed tax bills for effectively preserving the carried interest loophole for Wall Street money managers, a loophole Trump promised to close during the campaign trail.

TOWS Statement: Tax Bill Would Give Wall Street Massive New Tax Breaks
November 3, 2017 – 12:05 pm

The Take on Wall Street campaign denounces the just-unveiled tax bill as a giant giveaway to an industry whose reckless behavior led to a searing recession from which many Americans have not yet recovered.

Joint Statement: President Trump Signs Bill that Strips Choice to Seek Justice in Court
November 1, 2017 – 4:48 pm

“’President Trump had a clear choice to make today between Wall Street and the rest of us,’ said Amanda Werner of Americans for Financial Reform and Public Citizen. ‘He chose Wall Street. But the rest of us will keep fighting to restore our rights so we can fight back the next time a company like Wells Fargo or Equifax tries to rip us off and get away with it.’”

AFR Statement: FHFA praised for adding language preference question to mortgage form
October 20, 2017 – 3:15 pm

“FHFA made a great decision,” said Amanda Jackson, AFR’s Organizing and Outreach Manager. “Knowing homeowners’ preferred language will help Fannie, Freddie, and mortgage servicers better communicate with their customers and avoid unnecessary – and sometimes devastating – confusion.”