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Articles tagged with: Dodd-Frank

TOWS Brief: Wall Street Makes Bank on Trump
January 31, 2018 – 9:41 am

On the first anniversary of the Trump administration, the Take on Wall Street coalition catalogs the ways that Wall Street made bank on Trump in 2017.

TOWS Statement: Wall Street Makes Bank on Trump: 2017 in Review
January 30, 2018 – 3:07 pm

The report includes facts about lobbying spending that hit $2 billion in the last election cycle, and continues unabated, Wall Street executives in the Trump administration and regulatory agencies, tax cut windfalls for the finance industry, and a deregulatory free-for-all. It also includes a case study of how Wells Fargo’s outrageous conduct somehow earned it the distinction of being the biggest winner from the Trump-Republican tax bill.

AFR Statement: Bipartisan Senate Bill Rewards Banks While Leaving out Consumers
December 13, 2017 – 10:10 pm

A bipartisan majority of lawmakers on the Senate Banking Committee last week rejected a series of public interest amendments in order to advance a bill full of gifts to banks.

Testimony: AFR Policy Director Marcus Stanley Testifies to HFSC On Deregulatory Bills
December 7, 2017 – 5:58 pm

AFR Policy Director Marcus Stanley testified to the Financial Institutions subcommittee of the House Financial Services Committee on five pieces of proposed legislation.
Written Testimony:
Marcus Stanley Testimony To House Financial Services FI Subcommittee December 7 2017 …

AFR Statement: Senate Dodd-Frank Changes Would Benefit Banks Not Look Out for Consumers
November 13, 2017 – 5:16 pm

Congress ought to be passing robust new consumer protections, not doing favors for banks. Annual industry earnings by banks set a new record in 2016, and community banks saw even faster growth than big banks. Over 95 percent of community banks turned a profit last year.

AFR Statement: New Report on Goldman Sachs and the Trump Administration
October 10, 2017 – 9:12 am

The New York investment bank has had other periods in the sun, but never before have its priorities been so hardwired into an administration in Washington. The report details Goldman’s interests in areas of public policy including financial regulation, tax cuts and infrastructure.

Letter to Regulator: AFR, 18 Organizations Call for Comprehensive Data on Small Business Lending
September 14, 2017 – 5:55 pm

We call on the Bureau: to require reporting on the full breadth of small business lending; to capture important data about loans applied for and made; and to complete the rulemaking and begin collection of these data expeditiously.

AFR in the News: Dodd-Frank​ ​is​ ​still​ ​here​ ​but​ ​banks​ ​have​ ​reasons​ ​to​ ​cheer​ ​Trump​ ​(Financial​ ​Times)
August 29, 2017 – 9:51 am

“Americans for Financial Reform… noted that the [Treasury] report followed recommendations from The Clearing House, a powerful trade association, in 31 out of 40 specific cases. In some instances, the language of the government and the language of the lobbyists was hard
to tell apart… ‘We’ve reached a point in this administration when big banks and private-equity funds have placed so many people in the top jobs, they hardly need to worry about lobbyists and trade associations any more,’ says Jim Lardner, a senior fellow at AFR​”.