Statements and Press Releases Archives - Page 44 of 85

“Take on Wall Street” Statement: Wall Street Watchdogs Blast Banking Committee majority for approving Clayton to Head SEC

“Jay Clayton’s entire career of representing major Wall Street banks, advancing their interests at the expense of the public, helping them avoid accountability, stands in contradiction to the very mission of the agency he has been nominated to lead… Those who voted in favor of his appointment — both Democrats and Republicans –will have some explaining to do to constituents who are sick and tired of letting Wall Street continue rig the economy so all of the gains go to those at the very top.”

AFR Statement: AFR Applauds Resolution of Class-Action Lawsuit Against Wells Fargo

Public Citizen and Americans for Financial Reform applaud the announcement of a proposed $110 million settlement for consumers harmed by the bank’s fraudulent account scheme in multiple class-action lawsuits against Wells Fargo.

Letter to Regulators: AFR Opposes Proposed Delay Of Department of Labor Rules To Protect Retirement Investors

AFR submitted the comment letter linked and excerpted below that strongly opposes the Department of Labor’s proposal to delay fiduciary protections for retirement investors.

Letter to Department of Labor: Don’t Delay The Fiduciary Rule

AFR and dozens of other organizations weigh in against the Department of Labor’s proposed delay of the fiduciary rule.

AFR Statement: No Policy Riders on Budget for Benefit of Wall Street

Wall Street often seeks regulatory changes in budget bills, something the American public does not need. Any proposed changes to financial reform deserve an open debate.

AFR Report: Wall Street Lobby and Campaign Cash Tops $2 Billion for 2016 Elections

During the 2015-16 election cycle, Wall Street banks and financial interests spent more than $2 billion to influence decision-making in Washington, according to a report released today by Americans for Financial Reform. That total, derived from an exclusive data set, works out to more than $2.7 million a day.

AFR Statement: Delaying Fiduciary Rule Is Betrayal Of Public Interest

The Department of Labor’s proposal to delay the fiduciary rule is clearly part of the Trump administration’s plan to undo it altogether. Blocking this common-sense, long overdue rule, which requires retirement advisers to act in their customers’ best interests.

AFR Statement: Trump Speech Obscures Agenda Favoring Wall Street

When it comes to the economy, unfortunately the President hasn’t drained the swamp. Instead, he is filling the government with Wall Street insiders who are now attacking rules put in place to keep big Wall Street banks and predatory lenders from ripping off consumers and prevent another disastrous financial crisis.

AFR Policy Brief: FDIC Report Contradicts Claims That Regulation Has Harmed Lending, Bank Earnings

“Hard data on bank earnings and lending should lay to rest any notion that financial regulations are holding back the American economy, or getting in the way of American banks making money. These claims are just an excuse to to dismantle hard-won protections for consumers and financial stability.”

Joint Statement: The CFPB’s Work Is Important to Military Families and Veterans

“There is a clear and compelling public interest that Congress continue to support vigorous enforcement of laws that protect military families from wrongful financial practices… [T]he strong record of the Consumer Financial Protection Bureau and its Office of Servicemember Affairs underscores the need for Congress to resist efforts that seek to hamstring this work. Tampering with the agency’s authorities, structure, and independence would be harmful to military families and honest companies across the country.”