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Articles tagged with: Dodd-Frank

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.”

Joint Statement: Over 222,000 Call on Congress to Reject the CHOICE Act
June 6, 2017 – 2:17 pm
Joint Statement: Over 222,000 Call on Congress to Reject the CHOICE Act

A coalition of organizations delivered a petition with over 222,000 signatures calling on Congress to oppose the Financial CHOICE Act.

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…”