Over the course of two days, the director of the Consumer Financial Protection Bureau, Kathy Kraninger, is testifying before both the House Financial Services and Senate Banking Committees. These are the top questions that Director Kraninger must answer as she testifies:
A coalition of 27 civil rights, community, consumer and other groups challenges CFPB’s consideration of reducing home lending disclosure, a critical tool to stop lending discrimination and hold banks accountable for their record of lending to communities of color and lower income neighborhoods.
In The News: A Majority of Democratic and Republican Voters Want Tougher Wall Street Regulations (Vox)
“I think really the most striking thing about this polling has been its consistency,” Lisa Donner, executive director of Americans for Financial Reform, told Vox. “The experience of the crisis was a really deep and serious one for people. It may have faded into memory of some policy makers and some regulators, unfortunately, but it has not faded in people’s memory because the experience was long-lasting for people.”
News Release: 2019 AFR/CRL Poll Shows Broad Support for Continued Wall Street Reforms in Early Primary States
As candidates vie to set the agenda for the next presidency, Democratic primary voters in Iowa, New Hampshire, Nevada, and South Carolina strongly support a tough approach to oversight and reform of Wall Street, according to a new poll conducted by the bipartisan team of Lake Research Partners and Chesapeake Beach Consulting.
Americans see the need for tough enforcement of existing rules, even after hearing opposing arguments that stress a danger in the role of government. They strongly support the 2010 Dodd-Frank law that Congress passed in response to the financial crisis, as well as additional measures to fight continuing industry abuses.
Heather Slavkin Corzo, senior fellow at Americans for Financial Reform and director of capital market policies at the union federation AFL-CIO. “The massive growth of private equity over the past decade means that this industry’s influence, economic and political, has mushroomed,” she says. “It’s hardly an exaggeration to say that we are all stakeholders in private equity these days, one way or another.”
AFR AFL-CIO Comment on Securities Offering Concept Release S7-08-19 September 30, 2019 Vanessa Countryman, Secretary U.S. Securities and Exchange Commission 100 F Street NE Washington, DC 20549-1090 RE: Concept Release on Harmonization of Securities Offering Exemptions, File No. S-07-08-19 To Whom It May Concern: The
Watch highlights of congressional hearing on debt collection here, including a powerful account from Representative Ayanna Pressley (D-MA), her family’s experience, and her plan to combat abusive debt collection practices.
Letter in support of the Federal Reserve’s real-time payments system and the need for consumer protections in real time payments
It was no longer a lonely effort. Mr. Frank, a powerful committee chairman, was now an ally. So was an emerging coalition of progressive groups, labor unions and consumer advocates, known as Americans for Financial Reform. Ms. Warren sought out its leader, Heather Booth, for insight into political organizing. “She knew many of the players on the policy side,” Ms. Booth said. “What she hadn’t been experienced with were the politics.”