Americans for Financial Reform

Letters to Regulators: AFR commented on Federal Reserve proposed changes to capital rules to implement new stress buffer requirements.

AFR commented on a Federal Reserve proposal that would integrate the capital requirements in its different capital regimes to institute new stress buffer requirements.

AFR Statement: Federal Reserve Stress Tests Stand or Fall on Regulator Assumptions

Stress tests are forecasts based on models. They stand or fall on the approach of regulators, whose assumptions can seriously underestimate bank losses. Before the 2008 financial crisis regulatory models also showed Wall Street was safe, but that turned out to be fantasy.

Letters to Congress: AFR urges opposition to HR 5970 and HR 6130 in order to preserve disclosures for investors.

Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject two bills in today’s markup.

AFR Statement: CFPB Needs a Champion of Consumers, Not an Employee of Mick Mulvaney

The President should have nominated someone with a commitment to that mission months ago, not waited until the last minute to reveal a nomination designed to keep Mick Mulvaney in charge. This nomination is a move to keep the CFPB hobbled and under the thumb of the payday lenders and Wall Street law breakers.

Letters to Congress: AFR Opposes HR 5749 and HR 6035 in House Financial Services Committee Markup

Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject two bills in today’s markup.

Letters to Congress: Twenty-nine organizations sent joint letter urging to eliminate all financial deregulatory provisions packaged in the Financial Services and General Government appropriations bill.

Click here for PDF version of the full letter.

Letters to Congress: AFR urges opposition to five bills that would harm investors and undermine oversight of the insurance industry

Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject five bills in today’s markup. The bills would harm investor protections and undermine oversight of the insurance industry.

Wall Street Money in Washington: Where It Comes From, Who It Goes To

AFR in the News: Congress to roll back post-crisis rules as banks post record profits (Washington Post)

“‘When lawmakers vote for banking deregulation even though banks are raking in record profits, it exposes what is really at work,’ said Lisa Donner, executive director of Americans for Financial Reform. ‘The bank lobby has flooded the political system with money, and is getting a return on its
investment. The result is legislation that makes the financial system less safe and less fair, and puts consumers at greater risk of abuse.’”

AFR in the News: Banks would be freer to trade for profit under Fed proposal (Virginian Pilot)

“‘The proposal ‘is an attempt to unravel fundamental elements of the response to the 2008 financial crisis, when banks financed their gambling with taxpayer-insured deposits,’ Marcus Stanley, policy director at Americans for Financial Reform, said in a statement. ‘If implemented, these proposals could turn the Volcker Rule into a dead letter.'”