Tag Archives: Wall Street

kraninger

In The News: Trump’s Latest Assault on the CFPB Could Backfire (Slate)

Kraninger is wildly unqualified to lead the CFPB: Before her confirmation, she had no experience in consumer protection or financial regulation. Civil rights groups and Wall Street watchdogs [AFR letter linked] uniformly opposed her, while the financial industry supported her—perceiving correctly that she would be, at best, a do-nothing director.

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Take Action: Stop Wall Street’s Raids on our Economy

Our economy is in crisis. Wall Street billionaires have bought our politicians and engineered our laws to make it easier to buy and pillage major companies, line their own pockets, and escape consequences it has on working people and our communities when the company fails.

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Event: Former Fed Governor Tarullo Decries “Low-Intensity Deregulation”

“[A] good bit of that progress … could be endangered by a kind of low-intensity deregulation, consisting of an accumulation of non-headline-grabbing changes and an opaque relaxation of supervisory rigor. There are things to be concerned about in many of the individual proposals on such matters as the leverage ratio, resolution planning, and foreign banking organizations. It’s the cumulative effect, though, that is truly worrisome.”