” ‘The Volcker Rule And Market Making In Times of Stress’ paper does not represent the official view of the Federal Reserve, and is not a Federal Reserve Report. …It is simply false to present this paper as demonstrating that the Volcker Rule has created market costs that exceed its risk reduction benefits.”
In January 2017, Americans for Financial Reform released a report compiling votes cast by members of the 114th Congress on a selection of important bills, amendments, and resolutions related to the structure and regulation of the financial system. The votes listed and described here are, in the first place, a record of actions by lawmakers facing
A new poll of 1,000 likely voters found that Republicans, Democrats, and Independents all strongly support financial reform. Voters believe financial companies have not changed enough and need to be held more accountable 75%-12% and support more regulation of these companies 69%-20%. See attached for details.
“A recent poll conducted by Lake Research Partners and Chesapeake Beach Consulting finds voters strongly support restoring consumers’ right to bring class action lawsuits against banks and lenders instead of being forced to take individual cases to an arbitrator of the lender’s choosing. After hearing an argument for and against, voters of all political parties express majority support for federal action to restore these rights.”
“According to a new poll, conducted by GBA Strategies on behalf of Americans for Financial Reform, the Center for Responsible Lending, the National Council of La Raza, and the National Association for the Advancement of Colored People, just 3 percent of registered voters have a favorable opinion of payday lenders. Yes, even used car salesmen and Wall Street banks are more well-liked than payday lenders.”