Press Releases Archives - Page 20 of 30 - Americans for Financial Reform

AFR Statement: DeVos’s Education Departments is Predatory Companies First, Students Last

“The news of the Department’s scheme to grant only partial relief to scammed students is just one more piece of an abundance of evidence that the Trump Administration and the DeVos Department of ED care more for the proprietary institutions that break the law than they do for the students they defraud,” said Alexis Goldstein, Senior Policy Analyst at Americans for a Financial Reform. “For Secretary DeVos, it’s predatory companies first, students last.”

AFR/TOWS Statement: Unpopular, Harmful Tax Cuts Reward Wall Street Donors

At a time when millions of everyday Americans are struggling with stagnant wages, Republicans decided to use the tax code to reward its contributors. Polls have shown that the Republican tax bill is deeply unpopular. Voters recognize it for what it is: a giant holiday gift to Wall Street and the super rich that the rest of us will be paying off for decades.

AFR Statement: Bipartisan Senate Bill Rewards Banks While Leaving out Consumers

A bipartisan majority of lawmakers on the Senate Banking Committee last week rejected a series of public interest amendments in order to advance a bill full of gifts to banks.

AFR Statement: Trump Tweets Tough on Wall Street As Record Shows Opposite

The notion that this administration is or will be tough on Wall Street doesn’t pass the laugh test, and that fact is evident in deeds, not tweets. Trump has put Goldman Sachs executives in the most senior positions in the government, and pushed for a giant tax cut for Wall Street.

Testimony: AFR Policy Director Marcus Stanley Testifies to Maryland Financial Regulatory Commission

AFR policy director Marcus Stanley testified to the Maryland Financial Consumer Protection Commission on progress in financial regulation Testimony Before Maryland Financial Consumer Protection Commission — Marcus Stanley AGENDA and VIDEO (See December 5th Meeting): http://dls.maryland.gov/policy-areas/maryland-financial-consumer-protection-commission

AFR Statement: House Bill to Reauthorize the Higher Education Act opens the floodgates to waste, fraud, and abuse

Today, Rep. Virginia Foxx, Chairwoman of the House Education and the Workforce Committee, introduced a bill to reauthorize the Higher Education Act (HEA) that includes language that opens the floodgates to waste, fraud, and abuse by for-profit colleges.

AFR Statement: Congressional Move Is a Sellout to Payday Loansharks

“Attempts to roll back this protection for consumers are nothing more than a sellout to the predatory payday lenders who want to continue to enrich themselves by trapping people in a painful cycle of debt. Congress should reject this and other attempts by payday lenders to undo a common sense rule based on the common sense principle of ability to repay.”

AFR Statement: English is Rightful Acting Director While Courts Rule on CFPB Leadership

In the meantime, the CFPB still has work to do holding Wall Street to account on behalf of American consumers, and Ms. English and the CFPB staff can continue its successful run. Now, the president should nominate someone with a track record of fighting for consumers who will enjoy bipartisan support in the Senate.

AFR Statement: Attempt to Put Mulvaney in at CFPB Shows Contempt for American Consumers

Mulvaney has said he is opposed to the very existence of the CFPB, and as a member of Congress he voted in favor of Wall Street banks and predatory lenders — his largest donors — again and again. The CFPB has recovered $12 billion in ill-gotten gains on behalf people around this country. It is this work that the administration apparently wants to destroy

AFR Statement: No Budget Riders Weakening Wall Street Reform or CFPB

Congress should abandon budget rider proposal that would eliminate independent funding for the CFPB and other poison pills.