Defending Wall Street Reform

The Dodd-Frank Wall Street Reform and Consumer Protection Act represented a significant step toward reining in the big banks and stabilizing the U.S. economy. Nevertheless, Wall Street and its allies in Congress continue to try to halt the law’s implementation. As federal regulators write the rules the financial industry will be required to follow, the financial industry is lobbying those regulators for loopholes and exemptions. Meanwhile, lawmakers operating under Wall Street’s influence are trying to cut funding for agencies that police the financial sector and repeal consumer protections.

Public Citizen is advocating for full implementation of Dodd-Frank and urging lawmakers to take the next steps toward stabilizing our financial system.

Take Action

• Tell Congress to Support the Take on Wall Street Legislative Plan

Resources on Defending Wall Street Reform

• Fact Sheet: Opposing Dodd-Frank Provision Repeal S. 2155, December 12, 2017
• Letter: Opposing Dodd-Frank Provision Repeal S. 2155, December 04, 2017
• Comment: Proposed Guidance on Supervisory Expectations of Board of Directors, October 10, 2017
• Letter: To House Committee on Financial Services on 23 Bills, October 10, 2017
• Petition:  Human Capital Management (HCM) Disclosures Rulemaking  File 4-711, September 27, 2017
• Letter: Public Citizen Proposals for Economic Growth, April 14, 2017
• Letter: Opposition to Dodd-Frank reversal, April 14, 2017
• Press Release: Support for Glass Steagall, April 7, 2017
• Blog: Wall Street Agent or Responsible Chair at SEC, February 16, 2017
• Letter: Opposition to Mnuchin for Treasury, January 26, 2017
• Press Release: Wells Fargo is Too Big to Manage, September 16, 2016
• Report: Sacrificing the Pawns–Chamber attack on investors, June 3, 2016
• Report: Too Big – A Public Citizen Blueprint for Wall Street Reform, June 1, 2016
• Press Coverage: Citigroup would Defer Pay under shareholder proposal, March 18, 2016
• Press Coverage: Public Citizen and JP Morgan break up, April 7, 2016
• Report: Dodd Frank is Five, July 1, 2015
• Press Coverage: Ways to Put Boss’s Skin in the Game, March 22, 2015
• Press Coverage: Putting a Break up of Bank of America to a shareholder vote, March 19, 2015
• Report: Score One for Wall Street: Court Strikes Down Dodd-Frank Rule on Oil Speculation Limits, April 4, 2014
• Report: Safety Glass–Restoring Glass Steagall, July 1, 2013
• Press Coverage: Money Laundering Firms should get no welcome in Maryland, March 25, 2013
• Op-ed: Score One for Wall Street: Court Strikes Down Dodd-Frank Rule on Oil Speculation Limits, March 29, 2013
• Press Release: Score One for Wall Street: Court Strikes Down Dodd-Frank Rule on Oil Speculation Limits, September 28, 2012
• Written Testimony of Public Citizen, Computerized Trading: What Should the Rules of the Road Be?, September 20, 2012
• Report: Delayed and Diluted: At Anniversary, Dodd-Frank Reforms Remain Unfulfilled Due to Industry Obstruction, July 20, 2012
• Press Release: Report: On Dodd-Frank Anniversary, Regulators Implementing Wall Street Reform Miss 79 Percent of Deadlines for Rules to Safeguard Americans from Financial Harm, July 20, 2012
• Press Release: Legal Immunity for Mortgage Lenders Would Undermine Efforts to Combat Abusive Practices, July 17, 2012
• Press Release: Barclays Penalty Demonstrates Need for Stronger Reforms, Full Funding for Wall Street Police, June 27, 2012
• Press Release: CFPB Public Credit Card Complaint Database Constitutes Modest Advance, June 19, 2012
• Report: Forgotten Lessons of Deregulation: Rolling Back Dodd-Frank’s Derivatives Rules Would Repeat a Mistake that Led to the Financial Crisis, May 14, 2012
• Press Release: Report: Rolling Back Dodd-Frank’s Derivatives Rules Would Ignore History’s Lessons, May 14, 2012
• Press Release: Got a Credit Card or Bank Account? Scrutiny of Forced Arbitration Is Good News, April 24, 2012
• Report: Industry’s Messengers: Congressional Recipients of Contributions from the Financial Services Sector Swamp Agencies With Requests To Weaken the Volcker Rule, March 27, 2012
• Letter to House: Vote NO on JOBS Act (PDF), March 27, 2012
• Press Release: Report: Lawmakers Seeking to Weaken Volcker Rule Receive More Than Four Times as Much From Industry as Those Asking for Stronger Measure, March 27, 2012
• Press Release: Goldman Sachs Revelation Underscores Need for Expedited Volcker Rule; Stress Test Results Should Bar Dividends, March 14, 2012
• Press Release: SEC Must Heed Congressional Appeal for Regulatory Reform on CEO Pay, March 8, 2012
• Legal Petition and Supplementary Materials: Bank of America Poses a Grave Threat to U.S. Financial Stability Petition Calling on Federal Reserve and Financial Stability Oversight Committee to Break Up Bank of America, January 25, 2012
• Press Release: Public Citizen to Financial Regulators: Bank of America Poses a Grave Threat to U.S. Financial Stability, Should Be Broken Up, January 25, 2012
• Press Release: Regulators Ignore Intent of Volcker Rule’s Promise to Reshape Wall Street, October 11, 2011
• Press Release: Proposed Loopholes in Wall Street Reform Law Would Invite Dangerous Risk-Taking, September 19, 2011
• Report: Just Not Us: Wall Street’s “Two Cents” on Pay Rule: Self-Preservation, Not Principle, July 21, 2011
• Press Release: Report: Wall Street Tries to Opt Out of Dodd-Frank Pay Rule, July 21, 2011
• Report: Industry Repeats Itself: The Financial Reform Fight, July 12, 2011
• Press Release: Report: Wall Street’s Opposition to Dodd-Frank Reforms Echoes Its Resistance to New Deal Financial Safeguards, July 12, 2011
• Press Release: Congressional Attack on Dodd-Frank Wall Street Reform Act Backfires, June 16, 2011
• Comments on Executive Compensation and Systemic Risk (PDF), May 31, 2011
• Report: Wall Street’s Two Cents: Industry’s Opposition to a Modest Pay Disclosure Rule, April 12, 2011
• Press Release: Corporate Interests Give More Than Their Two Cents in Financial Reform Implementation, New Public Citizen Report Says, April 12, 2011
• Press Release: GOP’s Attempts To Gut Dodd-Frank Bill: A Nod to Wall Street, March 16, 2011
• Report: Wall Street Receipts: Pro-TARP, Anti-Reform Legislators Outpace Colleagues in Financial Services Contributions (PDF), September 24, 2010
• Press Release: Voting Record of Wall Street’s Favorites Shows Continuing Link Between Votes, Special Interest Cash, September 24, 2010
• Press Release: Congress Passes Financial Reform, Consumer Protections; Much More Must Be Done to Rein in Wall Street, July 15, 2010
• Report: Courting the New Dems: Democrats Seeking to Weaken Financial Reform Bill Have Received Far More Industry Campaign Contributions (PDF), June 21, 2010
• Press Release: Democrats Seeking to Weaken Financial Reform Bill Have Received Far More Industry Campaign Contributions, June 21, 2010
• Report: Conference Klatch: The 43 House and Senate Members Negotiating Final Wall Street Reform Legislation Will Be Lobbied by 56 of Their Former Staffers (PDF), June 11, 2010
• Press Release: Financial Reform Conference Committee Offers Industry Lobbyists Chance to Reunite With Former Bosses, June 11, 2010

 

More Resources on the Dodd-Frank Act

• Legislation: Dodd-Frank Wall Street Reform and Consumer Protection Act (PDF)
• Fact Sheet: In Depth on the Critical Financial Reforms We Need
• Fact Sheet: Americans for Financial Reform Overview (PDF)
• Fact Sheet: Credit Rating Agency Reform (PDF)
• Fact Sheet: Derivatives Regulation (PDF)
• Fact Sheet: Protections for Investors (PDF)