AIG designation Economic Justice FSOC Statements and Press Releases Systemic Risk Treasury 

AFR Statement: Treasury Report on Systemic Risk Designation of Large Non-Banks

Home » Statements and Press Releases AFR Statement: Treasury Report on Systemic Risk Designation of Large Non-Banks Submitted by admin on November 20, 2017 – 4:25 pm Share this Page: FOR IMMEDIATE RELEASE Nov. 20, 2017 CONTACTCarter Doughertycarter@ourfinancialsecurity.org(202) 251-6700 Treasury Memorandum Weakens Systemic Risk Supervision On Friday the Treasury Department released a memorandum on the process used by the Financial Stability Oversight Council (FSOC) to designate large systemically significant non-bank financial institutions for heightened supervision. A large non-bank, AIG Insurance, was central to the 2008 financial crisis and received the…

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Economic Justice Statements and Press Releases Tax reform Wall Street 

TOWS Statement: House Tax Bill a Gift to Wall Street

Home » Statements and Press Releases TOWS Statement: House Tax Bill a Gift to Wall Street Submitted by team on November 16, 2017 – 2:08 pm Share this Page: CONTACT:Carter Doughertycarter@ourfinancialsecurity.org(202) 251-6700 Washington, DC – The Take on Wall Street campaign denounces the passage of a tax bill in the U.S. House of Representatives that would give Wall Street and the 1% over $1 trillion in tax breaks while leaving many middle-income Americans paying higher taxes, increasing the public deficit, and leading to deep cuts in important public services. “This…

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Economic Justice mortgages Payday Lending Statements and Press Releases Systemic Risk 

AFR Statement: House Committee Approves a Package of Wall Street Giveaways

Home » Statements and Press Releases AFR Statement: House Committee Approves a Package of Wall Street Giveaways Submitted by admin on November 16, 2017 – 10:55 am Share this Page: “With the Financial CHOICE Act going nowhere, Wall Street has adopted a new strategy of flooding the zone with dozens of bills seeking to create major loopholes in financial protections for the public,” said Lisa Donner, executive director at Americans for Financial Reform. “Today the House Financial Services Committee has passed some two dozen bills as an early Christmas present…

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alexis goldstein department of education Economic Justice negotiated rulemaking Statements and Press Releases 

Public Testimony: Alexis Goldstein calls on ED Department to Process Borrower Defense Applications

Share this Page: On November 14th, at the Department of Education’s negotiated rulemaking on Borrower Defense,  AFR’s senior policy analyst Alexis Goldstein gave public comment about the fraud experienced by students at for-profit colleges and the need for the Department to clear backlog of pending discharges for defrauded students by granting relief. Here is her testimony, as prepared for delivery: ### My name is Alexis Goldstein, and I am from Americans for Financial Reform, a coalition of over 200 civil rights, consumer, labor, business, faith-based, and community groups that works for…

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Economic Justice Hedge Funds and Private Equity Statements and Press Releases Take On Wall Street Tax reform 

TOWS Statement: Groups Slam Tax Bills For Failure to Close Carried Interest Loophole

Share this Page: CONTACT: Carter Dougherty carter@ourfinancialsecurity.org (202) 251-6700 Washington, DC – The Take on Wall Street campaign denounced the proposed tax bills for effectively preserving the carried interest loophole for Wall Street money managers, a loophole Trump promised to close during the campaign trail. This loophole allows wealthy private equity and other Wall Street moguls to be taxed at a lower rate than nurses and firefighters by letting these managers claim part of what is really salary income as capital gains, which is taxed at a significantly lower rate….

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Economic Justice Statements and Press Releases Tax reform Wall Street 

TOWS Statement: Tax Bill Would Give Wall Street Massive New Tax Breaks

Home » Statements and Press Releases TOWS Statement: Tax Bill Would Give Wall Street Massive New Tax Breaks Submitted by team on November 3, 2017 – 12:05 pm Share this Page: CONTACT: Carter Dougherty carter@ourfinancialsecurity.org (202) 251-6700 Washington, DC – The Take on Wall Street campaign denounces the just-unveiled tax bill as a giant giveaway to an industry whose reckless behavior led to a searing recession from which many Americans have not yet recovered. “Piling tax cuts for Wall Street and multi-millionaire financiers on top of big bank deregulation is…

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Joint Statement: President Trump Signs Bill that Strips Choice to Seek Justice in Court

Share this Page: President Sides with Wall Street; Ignores Urging of Veterans, Servicemembers,Seniors and Consumers to Uphold Important Consumer Protections Today, President Trump signed into law a bill that wipes out the Consumer Financial Protection Bureau’s (CFPB) forced arbitration rule protecting consumers’ Seventh Amendment right to choose between arbitration in a dispute or to take a company to court. The rule was supported by hundreds of respected organizations advocating on behalf of veterans, servicemembers, older Americans and consumers, along with civil rights groups, faith-based organizations, academics, organized labor and a…

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