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Articles tagged with: Dodd-Frank

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: 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.

Letter to Congress: 79 Organizations Urge Opposition to the CHOICE Act
April 27, 2017 – 12:12 pm

“…This legislation would be better dubbed ‘Wall Street’s CHOICE Act’, as it would have a devastating effect on the capacity of regulators to protect the public interest and defend consumers and investors from Wall Street wrongdoing… This nearly 600-page bill is a radical piece of legislation…”

Letter to Congress: Oppose Wall Street’s CHOICE Act–Devastating to Financial Protections
April 25, 2017 – 4:35 pm

“…We are writing to express our opposition to the “Financial CHOICE Act” and to urge you to oppose this measure. This legislation would be better dubbed “Wall Street’s CHOICE Act,” as it would have a devastating effect on the ability of regulators to protect consumers and investors from Wall Street exploitation and the economy from financial risks created by too-big-to-fail megabanks. It would expose consumers, investors, and the public to greatly heightened risk of abuse in their regular dealings with the financial system, and our economy as a whole to a far greater risk of instability and crisis. “

AFR in the News: Trump Vows to Unveil Tax Plan (NY Times)
April 23, 2017 – 10:15 pm

“As business groups cheered [deregulation] moves, some skeptics were left questioning whether Mr. Trump was keeping his campaign promises to give working-class Americans a higher priority than Wall Street bankers. ‘From our perspective, it is a direction that is dramatically backwards on financial stability,’ said Lisa Donner, executive director of Americans for Financial Reform.’”

AFR in the News: GOP plan to erase Wall Street rules is more generous than even banks asked for (Washington Post)
April 21, 2017 – 10:17 pm

“Democrats have already promised to fight attempts to weaken the [CFPB’s] powers. ‘We would have a muzzled watchdog at best,’ said Brian Simmonds Marshall, policy counsel for Americans for Financial Reform, a coalition of more than 200 civil rights, consumer- and labor-oriented community groups. ‘You would have an agency that did not have the authorities it needs to protect consumers.’”

AFR in the News: GOP would give Trump power over Wall Street regulation (CNN Money)
April 18, 2017 – 10:46 am

“‘This latest bill will wind up making regulators weaker than they were before the crisis,’ Marcus Stanley [of] Americans for Financial Reform… told CNNMoney. ‘It’s definitely a shift toward empowering the White House to micromanage consumer protections and enforcement actions.'”