AFR in the News: Bill to Erase Some Dodd-Frank Banking Rules Passes in House (NY Times)
“’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.’”