AFR Statement: Acosta Must Commit To Fiduciary Rule On Time, In Full
The public deserves to know whether Alexander Acosta stands for seniors, and everyone saving for retirement, or whether he sides with the worst elements of Wall Street
News Category: Press Releases & Statements
AFR IN THE NEWS: Donald Trump Literally Nominated The Goldman Sachs Bailout Lawyer To Run The SEC (Huffington Post)
“‘Jay Clayton has spent his entire career serving Wall Street, representing Goldman Sachs and other big banks,’ says Americans for Financial Reform Executive Director Lisa Donner. ‘Americans need an SEC Chair who will stand up to those interests, not represent them.'”
AFR Statement: Don’t Delay or Gut The Fiduciary Rule
Americans for Financial Reform, a broad coalition including civil rights groups, consumer advocates, community organizations, and labor unions, today called on the Trump administration to abandon its proposal to delay a planned rule that protects ordinary investors from unscrupulous financial advisers.
AFR Statement: House Bill Would Let Banks and Lenders Keep Ill-Gotten Gains
“The House passed legislation to effectively kill class action lawsuits, which are often consumers’ only chance to fight back against repeated corporate fraud and scams… ‘If this bill becomes law, those ill-gotten gains will instead be used to pad Wall Street’s bottom line,’ said Lisa Donner, Executive Director of Americans for Financial Reform… ‘H.R. 985 gives banks and lenders a license to steal and encourages more scandals like Wells Fargo’s fake account opening.'”
AFR IN THE NEWS: Banks Spent Record Amounts on Lobbying in Recent Election (Reuters)
“Banks and other financial companies expecting big benefits from Republican-led deregulation spent record amounts on lobbying in the last election cycle… The financial sector spent $2 billion on political activity from the beginning of 2015 to the end of 2016, including $1.2 billion in campaign contributions – more than twice the amount given by any other business sector, according to the study from Americans for Financial Reform.”
Letter to Congress: AFR Opposes HR 1009, Bill To Undermine Financial Regulators
View or Download PDF March 1, 2017 Dear Representative: On behalf of Americans for Financial Reform, we are writing to express our opposition to HR 1009, the “OIRA Insight, Reform, and Accountability Act”. This legislation would have a crippling effect on the regulation of our financial system. It would add an unnecessary, burdensome, and time-consuming layer