Category Archives: Statements and Press Releases

News Release: House Women Take On Wall Street CEOs Over Inequality And Discrimination

Big banks have lobbied for and won massive tax breaks and increased deregulation at a time when they are already making record profits. Ordinary Americans are getting a less safe financial system, and one that is an ever-more-powerful driver of inequality and economic vulnerability. Wall Street CEOs need to be held accountable for abuses by the institutions they run, and the dangerous policies they are pushing, both openly and quietly

News Release: Wall Street CEOs Can’t Explain Away Deregulation, Tax Cut, Anti-Oversight Lobbying

Over the past two years, we’ve seen a lot of handouts to Wall Street but very little change for the better. Big banks got a massive tax cut and deregulation legislation right at the time they were making record profits. Ordinary Americans got a financial system that is less safe than it used to be, one that is an ever-more-powerful driver of inequality and economic vulnerability.

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News Release: CFTC’s Derivatives Rule Opens A New Gap In Market Regulation

The requirement in the Dodd-Frank Act that major dealers in financial derivatives be regulated as such, and meet risk management and business conduct standards, is a direct response to derivatives market abuses that contributed to the 2008 financial crisis. The loophole created by today’s Final Rule could permit large-scale evasion of this requirement.

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News Release: Bank Workers, Members of Congress, Consumers, And Community Advocates Will hold Rally And Press Conference Addressing Persistent Predatory And Anti-Worker Practices

Wells Fargo workers have long demanded better protection, including a union, as well as a genuine seat at the table to help ensure the bank’s dangerous practices are kept in check. On the day of the hearing, workers will also deliver a petition to Sloan calling on him to meet with front-line workers to address the toxic, high-pressure environment that still exists for thousands of Wells Fargo employees.