AFR Statement: Senate Banking Hearing on Bank Supervision
AFR submitted the below statement to the Senate hearing on Guidance and Supervisory Expectations AFR Submission to Senate Banking Committee April 30th Hearing
News Category: Press Releases & Statements
News Release: Wall Street Money In 2017-18 Highest Ever For Non-Presidential Cycle
Wall Street poured at least $1.9 billion into the political process, the largest-ever amount for a non-presidential year, according to a new report by Americans for Financial Reform. This sum outstrips the total of $1.4 billion, in the 2013-14 election cycle, by 36 percent.
Report: Wall Street Pumps $1.9 Billion into Political Process in 2017-18 Election Cycle
The $1.9 billion Wall Street poured into American politics includes contributions to campaign committees and leadership PACs ($922 million) and lobbying expenditures ($957 million). The money backed a massive rush of pro-industry nominees and legislation over the last two years, at a time when the biggest banks made $100 billion in profits for the first time.
Joint Letter: Letter to HUD about OIG Report on DASP Loans
On April 29, 2019, AFR Education Fund and several coalition partners sent a letter to the U.S. Department of Housing and Urban Development (HUD) about our concerns with the Office of Inspector General’s April 9, 2019 report regarding the servicing of mortgage loans eventually sold through HUD’s Distressed Asset Stabilization Program. View or download pdf copy
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.