AFR Conference: Regulating Wall Street – Ten Years Later
Ten Years after the 2008 Financial Crisis, Where Do We Stand? A conference with Sens. Sherrod Brown and Elizabeth Warren and regulators who helped respond.
Tag Archives: Dodd-Frank
AFR Statement: Kavanaugh and Anniversary of Wall Street Reform
Brett Kavanaugh’s ruling, later overturned by the full DC circuit, that an independant CFPB is unconstitutional, is but one powerful indicator of the danger he would pose as a Supreme Court justice. Stripping financial regulators like CFPB of their independence means weaker consumer protections.
Letters to Congress: AFR Urges House Members to Oppose S. 2155 in Order to Preserve Financial Protections.
AFR sent a letter to members of the House of Representatives urging them to vote in opposition to the Bank Lobbyist Act.
AFR in the News: During tenure working for banks, Tim Pawlenty thrilled Wall Street, angered consumer advocates (Minneapolis Star-Tribune)
“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.
S 2155: A Gift to Wall Street!
Bipartisan majorities in the House and the Senate chose to commemorate the 10th anniversary of the worst financial crisis since the Great Depression by handing the bank lobby a package of deregulatory gifts, increasing the risks to financial stability and the likelihood of consumer abuse, including racial discrimination in lending. This legislation, signed into law on May 24, won’t serve families or communities, nor is it policy that most people support. But Wall Street and its friends in Congress had a tougher time than they ever expected because Americans who know better refused to let the bill pass without a fight.
AFR in the News: Congress rides to the rescue of thriving bankers (Politico)
“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
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
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!)
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 giant foreign banks, and make further bailouts more likely.
AFR Statement: Statement from AFR on Senate Vote on S. 2155
“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.”