Letter to Congress: Oppose HR 4566
AFR sent a letter to the House opposing passage of HR 4566, which would eliminate stress testing of non-banks under Title 1 of the Dodd-Frank Act AFR floor oppo letter HR 4566
Category Archives: Financial Reform News
S 2155: A Gift to Wall Street!
Bipartisan majorities in the House and the Senate chose to commemorate the 10th anniversary of the worst financial crisis since the Great Depression by handing the bank lobby a package of deregulatory gifts, increasing the risks to financial stability and the likelihood of consumer abuse, including racial discrimination in lending. This legislation, signed into law on May 24, won’t serve families or communities, nor is it policy that most people support. But Wall Street and its friends in Congress had a tougher time than they ever expected because Americans who know better refused to let the bill pass without a fight.
AFR in the news: Dems Team Up with GOP to Weaken Bank Rules (Democracy Now!)
AFR’s senior policy analyst Alexis Goldstein joined Democracy Now! to discuss the dangers of S. 2155, a bill the Senate is considering that would encourage discrimination in lending, roll back rules on large U.S. and giant foreign banks, and make further bailouts more likely.
AFR Polling Memo: Overwhelming Majorities Oppose Dodd-Frank Rollbacks In S. 2155
Strong majorities support the Dodd-Frank law that Congress passed in the aftermath of the financial crisis and oppose the provisions of the deregulation bill currently under consideration.
Congressional Testimony: AFR Submits Statement Re House Financial Services Hearing on Derivatives Regulation
AFR submitted a statement to the Capital Markets Subcommittee of the House Financial Services Committee regarding a 2/14/18 hearing examining eleven different proposed bills affecting regulation of derivatives markets. Final AFR Statement For 2-14 Derivatives Hearing
Letter to Regulators: AFR Calls on Federal Reserve to Strengthen Bank Stress Tests
AFR sent the below letter to the Federal Reserve commenting on a package of proposals for stress test transparency AFR Comment on Stress Test Proposal Package
AFR Report: Warren Endorses Need for Action on Wall Street Role in Home Rental Market
In the past 10 years, nine big Wall Street firms have fundamentally altered the rental landscape in their targeted cities across 13 states by eliminating the human aspects of the relationship between tenants and their landlord. In some areas, the largest SFR companies own a large percentage of all single family rentals in a given zip code – up to 12.5 percent in some areas.
AFR Report: Wall Street and Single Family Rentals
Press call TODAY at 12 noon ET. For more information: carter@ourfinancialsecurity.org Report available in PDF form, or embedded below.
Statement to Congress: Oppose Proposals To End Independent Federal Reserve Funding
AFR sent a statement to the House Financial Services Committee regarding proposals to end independent funding for Federal Reserve bank regulation and supervision. AFR Federal Reserve Independent Funding
AFR Release: New Report Documents Deepening Links Between Payday Lending and Private Equity
Private equity moguls have invested heavily in the payday and installment lending. The development puts private equity firms in the position to profit from efforts by payday lenders to roll back an important new rule by the Consumer Financial Protection Bureau.