megabanks Archives - Americans for Financial Reform

News Release: Senate Votes for More Too-Big-To-Fail Megabanks

The Senate overturned a tiny but critical regulatory change by the Office of the Comptroller of the Currency that eliminated two relics from over 25 years ago: the automatic approval of bank mergers and the expedited review of bank merger applications. These deeply flawed 1996 regulations rubber-stamped bank mergers and ushered in a merger wave that massively consolidated the banking industry, created too-big-to-fail megabanks, and contributed to the 2008 financial crisis.

Blog: Fed Should Ignore Megabank Lobby and Strengthen Capital Rules

As the Federal Reserve prepares new capital rules for American banks, Wall Street is rolling out its misdirection and bad arguments – as it has for much of the past decade – about why they should not be required to steel themselves against a crisis or downturn. And once again, regulators and Congress must be prepared to ignore their histrionics and strengthen capital requirements.

Letters to Congress: Protect the U.S. Economy — Vote For Sen. Brown Amendment No. 2080 on Foreign Banks

AFR supports Sen. Brown’s amendment that would guarantee that enhanced prudential safeguards remain in place at the U.S. operations of foreign mega-banks.