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Articles tagged with: Dodd-Frank

AFR in the News: During tenure working for banks, Tim Pawlenty thrilled Wall Street, angered consumer advocates (Minneapolis Star-Tribune)
April 15, 2018 – 10:15 am

“Across party and regional lines, most people think Wall Street has too much influence in Washington. And they think that because it does,” said Lisa Donner, executive director of Americans for Financial Reform, a consortium of labor unions, consumer groups, liberal think tanks and organizations like AARP.

Message to Washington: S 2155 Is a Giveaway to Wall Street!
March 16, 2018 – 3:09 pm
Message to Washington: S 2155 Is a Giveaway to Wall Street!

A bipartisan majority of senators has chosen to commemorate the 10th anniversary of the worst financial crisis since the Great Depression by handing big banks and their lobbyists a package of deregulatory gifts, increasing the risks to financial stability and the likelihood of consumer abuse, including racial discrimination in mortgage lending. This legislation doesn’t serve families or communities, nor is it policy that most Americans support. It puts the interests of financial institutions ahead of the rest of us.

AFR in the News: Congress rides to the rescue of thriving bankers (Politico)
March 15, 2018 – 10:53 am

“I don’t see the real-world problem [the bill] is trying to solve, except the problem of bankers’ not making enough money,” said Marcus Stanley, policy director at Americans for Financial Reform… [Stanley] said competition alone shouldn’t be the goal. “If we didn’t require airlines to do anything before opening up a new air route, there might be more airlines, but there might be more plane crashes too.”

AFR Statement: Senate Commemorates Financial Crisis With Deregulation Bill Vote
March 14, 2018 – 6:55 pm

The legislation approved by a bipartisan majority in the Senate doesn’t serve families or communities, nor is it policy that most Americans support. It puts the interests of financial institutions ahead of the rest of us

Letters to Congress: AFR Urges Opposition to H.R. 1116 — A Dangerous Bill Weakening Effective Protections for Consumers and the U.S. Economy
March 13, 2018 – 12:26 pm

AFR sent a letter to members of the House of Representatives urging them to vote in opposition to H.R. 1116, the “Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2017.”

AFR in the news: Dems Team Up with GOP to Weaken Bank Rules (Democracy Now!)
March 7, 2018 – 5:03 pm
AFR in the news: Dems Team Up with GOP to Weaken Bank Rules (Democracy Now!)

AFR’s senior policy analyst Alexis Goldstein joined Democracy Now! to discuss the dangers of S. 2155, a bill the Senate is considering that would encourage discrimination in lending, roll back rules on large U.S. and …

AFR Statement: Statement from AFR on Senate Vote on S. 2155
March 6, 2018 – 11:49 am

“Congress ought to spend its time addressing the student loan crisis, cracking down on serial lawbreakers like Wells Fargo, and ensuring companies like Equifax pay a meaningful price for massive data breeches — not deregulating the financial services industry,” said Lisa Donner, executive director, Americans for Financial Reform. “Too many Senators seem willing to ignore the lessons of the financial crisis, and what happens when we let big banks write the rules of the economy. Millions of Americans know the costs all too well and will take notice of how members vote on passage of this harmful legislation.”

AFR in the News: Bank earnings are soaring, but congress wants to gut post-crisis safeguards (Intercept)
March 5, 2018 – 1:41 pm

“[The consumer provisions in the bill] are ‘tokens,’ said Americans for Financial Reform, a Washington, D.C.-based advocacy group pushing for greater financial reform, tacked on to provide cover to a bill that is mainly about financial sector ‘giveaways.'”