A new report by Better Markets’ Co-founder, President, and CEO Dennis Kelleher warns that the Trump administration’s policies—driven by its allies in key regulatory positions and Wall Street financiers—are repeating the same dangerous mistakes that led to the 2008 crisis, the 2023 turmoil, and even the Great Depression of 1929. Kelleher demonstrates that the financial industry is already dangerously under-regulated (as proved by the recent costly 2023 banking crisis) and that Trump’s promise to add another four years of deregulation on top of that will create a very high risk of another catastrophic financial crash.
The report details how this reckless trajectory threatens widespread economic devastation, particularly for hardworking Main Street Americans.
“Dennis Kelleher and his team at Better Markets have consistently pushed for financial reform that will help protect the U.S. economy from another financial crash. They are strong partners in the fight to level the playing field for middle-class families and have been persistent fighters for the American people, their jobs, savings and retirements.”
“Better Markets has served as a valuable and important voice pushing for fairness in our financial system.”
“Dennis Kelleher over at Better Markets, a huge presence in Washington, DC. A nonprofit, of course, established to make finance and government serve society a little bit better.”
“Dennis Kelleher [is] one of the most powerful lobbyists on financial regulatory reform.”
“It's more important than ever that consumers and taxpayers have strong advocates like Dennis and Better Markets to stand up for ordinary Americans.”
“Kelleher, a former attorney at Skadden, Arps, Slate, Meagher & Flom, has become well-known for his critique of both Wall Street banks and regulators who he has often accused of failing to hold the banks accountable for wrongdoing.”
“Dennis is one of the most plugged in and important names here in Washington as the founder and leader of the investor advocacy group Better Markets. His views can not only drive fear into the heart of Wall Street, but they are also driving the conversation on Capitol Hill, especially on the most pressing topics concerning market abuse, risk and the integrity of the financial system.”
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Our @BenSchiffrin tells @investmentnews #DOGE must understand that “The reason that America’s capital markets are the envy of the world is that they’re well-regulated and well-policed.” #SEC
https://www.investmentnews.com/regulation-and-legislation/what-doge-will-risk-in-cutting-at-the-sec/259364
While the crypto industry cries 'debanking,' the real issue is the decades-long denial of banking access to minority and low-income communities. Regulators are right to scrutinize #crypto, given its history of volatility & criminal activity. Learn more in our new report:…
Our @BenSchiffrin spoke to @KenDilanianNBC of @NBCNews about the rise of ‘pig butchering’ or ‘romance baiting’ scams. These scams involve online criminals who use fictitious profiles to lure their victims into fake romances and then steal their money by convincing them to invest…
.@reporterev @bloomberglaw covers the sabotaging of #CFPB enforcement by #Musk/#Trump. Our Steve Hall explains "There will be no punishment, no deterrence, & no recovery of the ill-gotten gains taken from consumers by unscrupulous financial companies."
https://news.bloomberglaw.com/banking-law/cfpb-nixes-all-expert-witness-contracts-in-enforcement-shutdown
WATCH: Our Benjamin Schiffrin spoke with @NBCNews about his report detailing how Americans are increasingly losing their life savings to what are called ‘#pigbutchering’ or ‘#romancebaiting’ scams. These scams involve online criminals who use fictitious profiles to lure their…
24/7 stock trading risks turning the market into a casino, feeding addiction just like sports betting & crypto. The @SECGov should prioritize consumer protection, not promote harmful practices for retail investors.
https://bettermarkets.org/newsroom/secs-approval-of-overnight-trading-will-make-the-gambling-addiction-epidemic-worse-and-harm-retail-investors/
While #crypto claims 'debanking' discrimination, the real issue is long-standing exclusion of minority, low-income, and underserved communities from the banking system. We must focus on fixing that injustice. learn more in our new report: https://bettermarkets.org/newsroom/report-the-truth-about-debanking-its-neutral-risk-analysis-that-protects-main-street-americans-and-the-banking-system-from-fraud-and-criminal-activity/
Americans are increasingly losing their life savings to what are called ‘pig butchering’ or ‘romance baiting’ scams. These scams involve online criminals who use fictitious profiles to lure their victims into fake romances and then steal their money by convincing them to invest…
Dennis Kelleher spoke to @FOX13Memphis about why there is no replacing the #CFPB when it comes to fighting for Main Street Americans who have been ripped off by the financial industry.
"Most people cannot go up against a large bank with an army of lawyers and lobbyists and get…
.@DennisKelleher spoke to @NatalieABrand
@CBSNews about importance of #CFBP consumer protection: ~$20 billion returned to ~200 million ripped off Americans in just 14 years! Billionaires like Musk don't need help fighting giant Wall St financial firms, but Main St Americans do!
With #ValentinesDay approaching, many Americans may be searching for love online. Most of these individuals probably don’t expect that online dating could lead them to be victimized by a cryptocurrency scam. Unfortunately, that is often exactly what happens.
Americans are…
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