The Senate’s Dangerous Financial Deregulation Bill (Crapo/S. 2155)
STATEMENTS ON FINAL PASSAGE IN HOUSE
- Allied Progress
- Americans for Financial Reform
- Better Markets
- Center for Responsible Lending
- Consumer Federation of America
- National Association for Latino Community Asset Builders
- National Community Reinvestment Coalition
- National Consumer Law Center (on behalf of its low-income clients)
- Prosperity Now
- Public Citizen
- US PIRG
- Woodstock Institute
LETTERS AND STATEMENTS BEFORE HOUSE VOTE
- Americans for Financial Reform
- Demos
- AFSCME
- Communications Workers of America
- Joint letter from Center for Responsible Lending, National Community Reinvestment Coalition, and National Consumer Law Center (on behalf of its low-income clients)
- Leadership Conference on Civil and Human Rights
- Mayors of 13 U.S. Cities
- Public Citizen
- Tri-Caucus Letter on HMDA Provision
ORGANIZATIONAL STATEMENTS ON SENATE VOTE
- Americans for Financial Reform
- AFL-CIO
- AFSCME
- Center for American Progress
- National Association of Consumer Advocates
- National Community Reinvestment Coalition
- National Consumer Law Center
- Public Citizen
- UnidosUS
- US PIRG
- Woodstock Institute
LETTERS ON SENATE VOTE
- Americans for Financial Reform (Mar. 5 letter)
- Americans for Financial Reform (Mar. 12 letter opposing manager’s amendment)
- AFL-CIO
- Center for American Progress
- Joint letter from Center for Responsible Lending, National Community Reinvestment Coalition, and National Consumer Law Center (on behalf of its low-income clients)
- Consumer Federation of America
- Manufactured Housing Action
- National Association of Consumer Advocates
- National Fair Housing Alliance
- NCRC/NHFA
- Public Citizen
- Rootstrikers
- United Auto Workers
- US PIRG
- Joint letter to Senate Majority Leader McConnell
- Joint letter to Senate Minority Leader Schumer
INDIVIDUAL LETTERS AND STATEMENTS
- Former Federal Reserve Chairman Paul Volcker
- Former Federal Reserve Governor Daniel Tarullo
- Former Fed Governor and Deputy Treasury Secretary Sarah Bloom Raskin
- Former FDIC Chair Sheila Bair
- Former Counselor to the Treasury Secretary Antonio Weiss
- Former Bank of England Deputy Governor Paul Tucker on behalf of the Systemic Risk Council
- FDIC Vice Chair Thomas Hoenig
- Former Treasury Assistant Secretary, Now University of Michigan Dean and Law Professor Michael Barr
- Former CFTC Chair Gary Gensler
- Former Financial Crisis Inquiry Commission Chairman Phil Angelides
SUMMARIES, FACT SHEETS & SHAREABLES
- Community Banks Will be Hurt, Not Helped
- AFR Talking Points
- Compact Talking Points
- The Senate’s Bipartisan Dodd-Frank Rollback Bill (Center for American Progress)
- 16 Democratic Senators Are Willing to Look the Other Way While Banks Discriminate (Color of Change)
- Action Alert
- Summary and Call Script (Indivisible)
- Chart of Changes in Manager’s Amendment (NASAA)
- Social Media Shareables
- Campaign Cash Graphic
- Bill Text
OP EDS AND ARTICLES
- Apollo to Ares Get a Surprise Win in $1.3 Trillion Spending Bill (Mercer Bullard, Washington Post)
- Senate bill would weaken fair lending rules and expose Latinos to discrimination in mortgage lending (Agatha So, Unidos blog)
- “There Is Not a Single Good Reason to Deregulate Banks Right Now. Democrats Are Helping It Happen Anyway.” (Slate)
- “Big Banks Get a Big Win in Senate Rollback Bill” (Wall Street Journal)
- “Should the US ease regulation on its big banks? No.” (Lisa Donner, Financial Times)
- “Senate banking bill likely to boost chances of bank bailouts, CBO says” (Washington Post)
- “Mitch McConnell’s big gift to the banks” (Jennifer Taub, CNN)
- “How this Senate banking bill could open the front door to housing discrimination” (Sen. Catherine Cortez Masto and Vanita Gupta, PBS NewsHour)
- “Risky mortgages primed for comeback under Senate reg relief bill” (Patricia McCoy, American Banker)
- “Instead of Taking on Gun Control, Democrats Are Teaming With Republicans for a Stealth Attack on Wall Street Reform” (David Dayen, The Intercept)
- “These Banks Can’t Pretend They’re Not Important” (Mark Whitehouse, Bloomberg View)
- “Don’t let Congress roll back bank regulations” (Kerri Evelyn Harris, Wilmington Del. News-Journal)
- “Democrats Get Campaign Cash from Banks Ahead of Deregulation Vote” (Financial Times)
- “Beware of the bank deregulation Trojan horse” (Jeremy Kress, The Hill)
- “Raising SIFI threshold to $250B ignores lessons of past crises” (Arthur E. Wilmarth Jr., American Banker)
- “Stop S. 2155–No More Help for Predatory Lenders!” (Virginia Organizing)
- “Why is there bipartisan support in the Senate to cover up evidence of discrimination in banking?” (John Taylor and Marc Morial, The Hill)
- “Senate’s Bipartisan Dodd-Frank Rollback Proposal Is a Raw Deal” (Gregg Gelzinis, Morning Consult)
- “Bank deregulation bill will leave taxpayers holding the bag” (Damon Silvers, The Hill)
- “Why Democrats need to stand with working Americans vs. big banks” (Katrina vanden Heuvel, Washington Post)
POLLING
- Public Policy Polling memo (Feb 2018). Findings show strong majorities in favor of regulating Wall Street, against loosening rules for big banks or mortgage lenders.
- Public Policy Polling survey – toplines