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March 3, 2016

Better Markets Applauds Sen. Warren’s Call for Making Sure the Public Interest is a Priority at Financial Regulatory Agencies

FOR IMMEDIATE RELEASE
Thursday, March 3, 2016
Contact: Shanessa Bryant, 202-618-6433 or sbryant@bettermarkets.com

Better Markets Applauds Sen. Warren’s Call for Making Sure the Public Interest is a Priority at Financial Regulatory Agencies

Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following remarks by Senator Elizabeth Warren on the problem of regulatory capture in the rulemaking process. 

“Senator Elizabeth Warren today called for limiting the influence of Wall Street’s too big to fail banks and their lobbyists at the financial regulatory agencies.  Financial reform is all about protecting American’s jobs, homes and savings, but the financial conglomerates are fighting relentlessly to protect their profits.  Sen. Warren’s proposals attacking undue and often concealed influence, purchased phony studies, contrived legal theories and needless cost benefit analysis are essential reforms for the public interest to be a priority in rulemaking.  She is also right to call for properly funding the regulators, who are the only cops on the Wall Street beat and the frontline defense against Wall Street abuses.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com. 

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