Americans for Financial Reform

News Category: AFR in the News

In the News: GOP targets Treasury’s risk-watching data hub (Politico)

Republicans in Congress are looking to dismantle a small but powerful government research office that was tasked with detecting risks lurking across the financial system in the wake of the 2008 crisis… Patrick Woodall, managing director for policy at Americans for Financial Reform, said slashing the research office would cut off “unique modeling and monitoring tools” that are critical to understanding where risk is building up in the financial system, from banks, private credit or other corners of the market.