The slide presentation linked below documents AFR’s findings on the 2017 CCAR stress tests. AFR Assessing the 2017 Stress Tests A Medium blog post is also available here: https://medium.com/@RealBankReform/stress-tests-less-stressful-than-ever-fbe68b8e161a
“Community Banks Have Returned to Profitability: The percentage of community banks that are profitable has increased every year since 2009. For the year 2015, over 95% of the nation’s 5,880 community banks showed a profit. This is up from 78% in 2010, the year Dodd-Frank passed.”
“Here are some of the major goals that the financial industry and its political allies hope to achieve through language attached to end-of-year appropriations bills. This list does not provide an exhaustive list of potential financial regulatory riders to funding bills, but does highlight the potential riders that have recently been most prominent in the debate. “
“Large regional banks like Washington Mutual, Countrywide, and Wachovia all failed during the financial crisis and placed a major strain on the financial system when they did so. These banks also played an important role in the epidemic of irresponsible mortgage lending leading up to the crisis.”
“Community Banks Have Returned to Profitability: The percentage of community banks that are profitable has increased every year since 2009. Over the first half of 2015, almost 95% of the nation’s 5,880 community banks showed a profit. Return on Equity is Up: Overall profit (Return on Equity) at community banks has also increased every single year since 2009, reaching a healthy 8.9% so far in 2015.”
In recent months there have been calls to roll back regulation of large regional banks – institutions that hold over $50 billion in assets but are not among the eight U.S. mega-banks with a global footprint. In response to unfounded claims about the treatment of large regional banks under the Dodd-Frank Act, AFR has sent a briefing paper to congressional staff as well as the press.
Increased funding of the Commodity Futures Trading Commission is a crucial piece of Wall Street reform. Here’s why.
View or download PDF. “Former employees of the Securities and Exchange Commission (SEC) routinely help corporations try to influence SEC rulemaking, counter the agency’s investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law.”
A new report from the National Consumer Law Center analyzes the record of the government’s main mortgage modification initiative, and where we go from here.
The Dodd-Frank Act sought to protect municipalities and taxpayers against exploitative Wall Street financing deals. Now there are moves afoot to take back some of that promised protection.