Home » Archive by Tags

Articles tagged with: Dodd-Frank

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​”.

AFR Report: Treasury Does Bidding of Big Banks in Dodd-Frank Report
June 21, 2017 – 6:45 am

In its rush to eviscerate the Dodd-Frank reforms, Treasury Department adopted over three-quarters of the ideas put forth by The Clearing House, an association of the biggest U.S. and international banks

AFR in the News: House wants to deregulate Big Banks again (Pekin, Ill. Daily Times)
June 16, 2017 – 4:46 pm

“‘This legislation takes the worst ideas concocted by Wall Street and predatory lenders, and combines them into one toxic package,” [Lisa Donner, director of Americans for Financial Reform] said. ‘The bill is crammed with deregulatory gifts to the entire industry, including megabanks that want to return to the excessive borrowing and risky practices that led to the financial crisis.’”

AFR Statement: Treasury Report Pushes Rollbacks for Wall Street and Predatory Lenders
June 12, 2017 – 7:08 pm

Treasury proposal advances ideas that have been pushed by industry lobbyists since Dodd-Frank was passed. We need more effective regulation and enforcement, not rollbacks driven by Wall Street and predatory lenders.

AFR in the News: Bill to Erase Some Dodd-Frank Banking Rules Passes in House (NY Times)
June 9, 2017 – 9:26 am

“’It’s a bill that’s so harmful to vast swaths of the American public…,’ said Lisa Donner, executive director of Americans for Financial Reform. “It would make it easier for predatory lenders to rip people off. It would make it easier for Wall Street to keep taking $17 billion out of retirees’ pockets by repealing the fiduciary rule. It would make it easier for big Wall Street banks to take the kind of risks in pursuit of short-term gains that go directly to the pockets of the tiny handful of people at the top that led to the financial crisis.’”

AFR in the News: House Poised to Pass Bill Taking Aim at Dodd-Frank Regulations (NY Times)
June 8, 2017 – 10:16 am

“’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,’ Marcus Stanley, policy director at Americans for Financial Reform, wrote in a letter to Congress on Wednesday.”