Categories: U.S. Treasury

READOUT: Deputy Secretary Wally Adeyemo’s Meeting with Americans for Financial Reform

Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with leaders and representatives from Americans for Financial Reform (AFR) and their affiliates to discuss the importance of putting the interests of the American people first in our financial system. AFR is a leading nonprofit advocacy coalition comprised of more than 200 civil rights, consumer, labor, business, and other civic and community groups formed in the aftermath of the Great Recession. AFR focuses its advocacy on building a stronger, more inclusive, and more ethical financial system that serves all Americans. 

The Deputy Secretary discussed with AFR and its members the importance of financial regulation and the harmful effects of certain financial practices, including the negative impacts of unsustainable debt levels that can lead to preventable bankruptcies. He also discussed the unfair practices instituted by financial owners of certain consumer businesses, including surprise billing in healthcare, when profits come before people. The Deputy Secretary conveyed his interest in investigating options to better align financial incentives and regulations with the needs of American consumers and workers.

###
 

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

2 hours ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

18 hours ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

1 day ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

3 days ago

Remarks by Assistant Secretary for Investment Security Paul Rosen at the Third Annual CFIUS Conference

As Prepared for Delivery Good afternoon.  I’d like to start by thanking our panelists today for…

3 days ago