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Articles tagged with: Federal Reserve

AFR Statement: Federal Reserve Stress Tests Stand or Fall on Regulator Assumptions
June 21, 2018 – 4:07 pm

Stress tests are forecasts based on models. They stand or fall on the approach of regulators, whose assumptions can seriously underestimate bank losses. Before the 2008 financial crisis regulatory models also showed Wall Street was safe, but that turned out to be fantasy.

AFR in the News: Congress to roll back post-crisis rules as banks post record profits (Washington Post)
June 5, 2018 – 2:48 pm

“‘When lawmakers vote for banking deregulation even though banks are raking in record profits, it exposes what is really at work,’ said Lisa Donner, executive director of Americans for Financial Reform. ‘The bank lobby has flooded the political system with money, and is getting a return on its
investment. The result is legislation that makes the financial system less safe and less fair, and puts consumers at greater risk of abuse.’”

AFR in the News: Banks would be freer to trade for profit under Fed proposal (Virginian Pilot)
June 4, 2018 – 10:29 am

“‘The proposal ‘is an attempt to unravel fundamental elements of the response to the 2008 financial crisis, when banks financed their gambling with taxpayer-insured deposits,’ Marcus Stanley, policy director at Americans for Financial Reform, said in a statement. ‘If implemented, these proposals could turn the Volcker Rule into a dead letter.'”

Letters to Congress: AFR urges opposition to HR 4790 in order to protect the Volcker Rule
April 13, 2018 – 11:26 am

View or download a PDF version of the letter here.
April 12, 2018
Dear Representative:
On behalf of Americans for Financial Reform, we are writing to urge you to vote against HR 4790, which is being considered on …

Letter to Congress: AFR Opposes A Dozen Deregulatory Bills Under Consideration at a House Financial Services Committee Markup
January 17, 2018 – 10:24 am

AFR sent a letter to the House Financial Services Committee opposing a dozen bills that would deregulate banks and strip away consumer and investor protections.

Letter to Congress: AFR urges opposition to HR 3312 — a deregulatory gift to the largest banks in the country.
December 18, 2017 – 5:21 pm

“H.R. 3312 dramatically restricts oversight of some of the largest banks in the country, increasing risks to regional economies and to financial stability, and therefore to the prosperity of families and communities.”

Letter To Congress: Reject S 2155 — A Gift to Bank Lobbyists
December 4, 2017 – 10:23 am

AFR sent a letter urging Senators to reject S 2155, which contains some two dozen deregulatory gifts to bank lobbyists and only minimal consumer benefits
AFR Opposition Letter to S 2155

Letter to Congress: AFR Opposes A Dozen Deregulatory Bills in House Financial Services Committee Markup
November 14, 2017 – 7:55 am

AFR sent a letter opposing a dozen different deregulatory bills being marked up by the House Financial Services Committee.
AFR Letter Re HFSC 11-14 Markup