AFR in the News Archives - Page 10 of 57 - Americans for Financial Reform

Alexis Goldstein appears on CNN with Brooke Baldwin appear on CNN (screen grab)

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.

AFR IN THE NEWS: Legislation Could Follow Executive Order on Failing Bank Provision (Morning Consult)

“’If the government doesn’t have the powers it needs to liquidate and wind down a failing mega-bank, we will just see banks holding up the taxpayer again during the next crisis,’ Marcus Stanley, policy director at Americans for Financial Reform, said in a statement Friday.”

AFR in the News: Trump Vows to Unveil Tax Plan (NY Times)

“As business groups cheered [deregulation] moves, some skeptics were left questioning whether Mr. Trump was keeping his campaign promises to give working-class Americans a higher priority than Wall Street bankers. ‘From our perspective, it is a direction that is dramatically backwards on financial stability,’ said Lisa Donner, executive director of Americans for Financial Reform.’”

AFR in the News: GOP plan to erase Wall Street rules is more generous than even banks asked for (Washington Post)

“Democrats have already promised to fight attempts to weaken the [CFPB’s] powers. ‘We would have a muzzled watchdog at best,’ said Brian Simmonds Marshall, policy counsel for Americans for Financial Reform, a coalition of more than 200 civil rights, consumer- and labor-oriented community groups. ‘You would have an agency that did not have the authorities it needs to protect consumers.’”

AFR in the News: Fighting Financial Abuse in the Trump Era (Huffington Post)

“Amanda Jackson, who takes on powerful financial industry forces every day as the Organizing Manager for Americans for Financial Reform, says she’s drawing strength and inspiration from a surge of activism. ‘Trump is forcing people to be more conscious of problems that certain communities have been facing forever,’ Jackson told Inequality.org. ‘There’s no gray area anymore. Either you turn a blind eye to the problems or you answer the call to action. Fortunately, we’re seeing many people answer that call.’”

AFR in the News: Revised GOP bill would destroy the Consumer Bureau (LA Times)

“The Texas Republican shared a memo with other lawmakers last week outlining changes he plans to make to his so-called Financial CHOICE Act… Impressively, he’s managed to make a bad bill even worse… Marcus Stanley, policy director for the advocacy group Americans for Financial Reform, said Hensarling’s revised bill ‘makes regulators even weaker than they were before the financial crisis…’ Score that a big win for financial firms after years of filling Hensarling’s pockets with money.”

AFR in the News: GOP would give Trump power over Wall Street regulation (CNN Money)

“‘This latest bill will wind up making regulators weaker than they were before the crisis,’ Marcus Stanley [of] Americans for Financial Reform… told CNNMoney. ‘It’s definitely a shift toward empowering the White House to micromanage consumer protections and enforcement actions.'”

AFR in the News: Banks and credit card companies really hate class actions – will Trump help outlaw them? (LA Times)

“Sometime in the next few weeks, the Consumer Financial Protection Bureau is expected to impose stringent limits on the ability of banks and credit card companies to avoid consumer lawsuits. The financial services industry has been screaming bloody murder
‘We’re all preparing for a big fight,’ says Amanda Werner, who has been keeping an eye on the CFPB rule making for the consumer groups Public Citizen and Americans for Financial Reform.”

AFR IN THE NEWS: Betsy DeVos Is Rolling Back Student Loan Regulations From the Obama Administration (Teen Vogue)

“‘In order to have accountability, there must be real consequences when servicers violate the law,’ Alexis Goldstein, senior policy analyst at the progressive Americans for Financial Reform, told the Tribune. ‘DeVos’ actions today moves us away from true accountability, and creates dangers for the very student loan borrowers the department is responsible for protecting.'”

AFR in the News: DeVos reverses Obama directives protecting student loan borrowers (Market Watch)

“’Undoing these memos is a very concerning indication of how much (Department of Education officials) value protecting borrowers versus how much they want to insulate servicers,’ said Alexis Goldstein [of] Americans for Financial Reform. ‘Is this meant to be a message that says we are less concerned with borrowers and more concerned with protecting servicers even if they made mistakes in the past?’”