WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to a proposal to reduce the amount of customer information collected and retained in the consolidated audit trail (CAT): “The importance of a consolidated audit trail that […]
WASHINGTON, D.C.—Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement after the Senate confirmed Paul Atkins to be Chair of the Securities and Exchange Commission (SEC): “As the U.S. financial markets experience extreme stress and volatility due to erratic policy announcements by the President, the American people need an independent SEC Chair who […]
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy, issued the following statement after the Securities and Exchange Commission (SEC) approved proposed rule changes filed by national securities exchanges to list and trade options on spot ether exchange-traded products (“ETPs”): “Ether is volatile, and approving options trading on an ETP with such a volatile underlying asset […]
WASHINGTON, D.C.—Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Ten Reasons that Michelle Bowman Is the Wrong Choice to Lead Bank Regulation and Supervision at the Fed,” ahead of Federal Reserve (Fed) Governor Michelle Bowman’s nomination hearing for the position of Federal Reserve Board Vice […]
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the filing of an amicus brief, led by the National Fair Housing Alliance and joined by Better Markets and other consumer advocacy groups, in CFPB v. Townstone Financial, Inc., No. 1:20-cv-04176 (N.D. Ill.): “The new leadership at the CFPB is attempting to […]
WASHINGTON, D.C.—Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement regarding the Senate Banking Committee’s advancement of the nominations of Paul Atkins to be Chair of the Securities and Exchange Commission (SEC) and Jonathan Gould to be the Comptroller at the Office of the Comptroller of the Currency (OCC). “The SEC and the […]
WASHINGTON, D.C.—Shayna Olesiuk, Director of Banking Policy, issued the following statement on a Comment Letter sent to the House Financial Services Committee (Committee) responding to its “Make Community Banking Great Again” principles. “Community banks are vital to Main Street Americans, providing a safe place for families and small businesses to safeguard and grow wealth and […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to the Office of the Comptroller of the Currency’s (OCC) announcement to withdraw from interagency guidance that held the largest banks accountable for managing climate-related financial risk. “The OCC’s decision to ignore well-known and very serious climate-related financial risk at the […]
WASHINGTON, D.C.— Brady Williams, Legal Counsel, issued the following statement on the deadline for submitting comments on the CFPB’s proposed interpretive rule on how the Electronic Fund Transfer Act (EFTA) and Regulation E would apply to new and emerging digital payment mechanisms. The proposal is now on hold because the Trump administration shut down virtually […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ letter to the House Financial Services Committee in response to the Committee’s request for feedback on ways to increase access to the public and private markets and facilitate capital formation: “The best way for policymakers to facilitate real capital […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to yet another Friday announcement by the Federal Reserve, FDIC, and OCC (‘Banking Agencies’), this time to withdraw the rule that modernized the 1977 Community Reinvestment Act (CRA). “Working Americans have been hammered by inflation, income stagnation, wealth deprivation, and an […]
WASHINGTON, D.C.—Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement in response to the SEC’s vote to end the defense of the climate disclosure rules in the Court of Appeals for the Eighth Circuit: “The SEC’s vote today to stop defending the climate disclosure rule in court is only the latest anti-investor, anti-disclosure, […]
WASHINGTON, D.C. – Better Markets sent a letter urging Senate Minority Leader Chuck Schumer and Senate Agriculture Committee Ranking Member Amy Klobuchar to insist on bipartisan independent commissions, including at the Commodity Futures Trading Commission (CFTC). This is particularly important in light of the illegal firings of Democratic Commissioners at the Federal Trade Commission (FTC) […]
WASHINGTON, D.C.—Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Five Key Questions to Ask Trump’s Comptroller of the Currency Nominee” ahead of nominee Jonathan Gould’s confirmation hearing before the Senate Banking Committee this Thursday: “The Office of the Comptroller of the Currency (OCC) supervises and […]
WASHINGTON, D.C. — Brady Williams, Legal Counsel, issued the following statement on a new Fact Sheet highlighting the vital and irreplaceable role of the Consumer Financial Protection Bureau (CFPB) in protecting American consumers ahead of a Congressional hearing on the agency set for tomorrow: “The CFPB has an outstanding track record of protecting Americans from […]
WASHINGTON, D.C.—Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement in connection with Better Markets’ new Fact Sheet, “SEC Chair Nominee Paul Atkins Must Answer for His Anti-SEC Record” ahead of Atkins’ confirmation hearing before the Senate Banking Committee this Thursday: “Paul Atkins, President Trump’s nominee to be the Chair of the Securities […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with a Fact Sheet on Consumer Protection Position Limits, ahead of the House Agriculture Committee hearing titled “The CFTC at 50: Examining the Past and Future of Commodity Markets”: “As the Commodity Futures Trading Commission (CFTC) celebrates its 50th anniversary, it’s […]
WASHINGTON, D.C. – Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the closed-door meeting of the Financial Stability Oversight Council (Stability Council) taking place tomorrow: “The Financial Stability Oversight Council (Stability Council) is one of the most important, if low profile, financial regulatory agencies charged with protecting the country from […]
WASHINGTON, D.C. – Dennis M. Kelleher, Cofounder, President, and CEO, issued the following statement in connection with President Trump’s reported firing of the Democratic Commissioners of the Federal Trade Commission (FTC): “Trump’s lawless firing of the Democratic Commissioners at the FTC will convert it from an independent agency into a politicized rubber stamp of the […]
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the filing of an amicus brief supporting the Securities and Exchange Commission (SEC) in yet another industry challenge to an important SEC rule, which reduces pricing increments and limits certain fees that stock exchanges can charge: “This rule improves the way securities […]
WASHINGTON, D.C.—Better Markets is pleased to announce that Phillip Basil has joined the organization as Director of Economic Growth and Financial Stability, a newly created position. Basil was most recently a Financial Institution Policy Specialist at the Federal Reserve Board and previously served as Executive Director within Model Risk for JP Morgan Chase. He also […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Having Won Almost 100% of Its Cases Against the Crypto Industry, the SEC Baselessly Surrenders”: “The SEC has won almost 100% of its cases against the crypto industry because in most cases the crypto industry is […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, and Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “An SEC-CFTC Merger Would Not Save Money and Would Endanger Main Street Families”: “With DOGE intent on dismantling federal agencies, its supporters are reviving an old idea: merging the […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Facebook’s Libra Stablecoin Warning for Any Stablecoin Legislation,” released ahead of a House Financial Services Committee hearing entitled “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central […]
WASHINGTON, D.C.— Brady Williams, Legal Counsel, issued the following statement on the deadline for submitting comments on the CFPB’s Advanced Notice of Proposed Rulemaking on the Fair Credit Reporting Act; Identity Theft and Coerced Debt. The proposal is now on hold because the Trump administration shut down all rulemaking at the CFPB: “Last year, in […]
WASHINGTON, D.C.— Better Markets is pleased to announce that Lisa Gilbert, Co-President of Public Citizen, has joined the Better Markets Board of Directors. “Lisa has spent her career promoting the public interest and fighting for an economy that serves the American people, creates jobs, and supports small businesses and community banks,” said Dennis Kelleher, Co-Founder, […]
WASHINGTON, D.C.— Shayna Olesiuk is the Director of Banking Policy, issued the following statement in connection with the release of a new Report: “Report: Two Years After the 2023 Banking Crisis, Main Street is Still in Danger.” “Two years ago, Silicon Valley Bank, Signature Bank, and First Republic Bank failed, caused a banking crisis, and got […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to President Trump’s Acting FDIC Chair Travis Hill and the FDIC Board’s irresponsible action to dismantle six rules that protect Main Street Americans and the banking system. “For more than 90 years, the FDIC has been the gold standard in protecting […]
WASHINGTON, D.C.—Better Markets is pleased to announce that Amanda Fischer has joined the organization as Policy Director and Chief Operating Officer (COO). Fischer was most recently the Chief of Staff to the Chairman of the Securities and Exchange Commission (SEC) and previously served in several positions in the Senate and the House. She will oversee […]
WASHINGTON, D.C.— Brady Williams, Legal Counsel, issued the following statement on the deadline for submitting comments on the Data Broker Rule proposed by the Consumer Financial Protection Bureau (CFPB). The rule is now on hold because of the Trump administration’s halt on rulemaking: “All too often, shoddy data brokers sell our most sensitive personal information […]
WASHINGTON, D.C.—Brady Williams, Legal Counsel, issued the following statement in response to the news that the Consumer Financial Protection Bureau (CFPB) is dropping multiple enforcement lawsuits against companies that were accused of misconduct against consumers, including Capital One, Rocket Homes Real Estate, and a student loan lender. “Trump’s anti-consumer protection bureau dropping these cases is […]
WASHINGTON, D.C. – After a long and successful banking industry career, Camden Fine has joined Better Markets as a Senior Fellow. Fine brings decades of invaluable experience in banking and public policy. As the former President and CEO of the Independent Community Bankers of America (ICBA), he led the national association for more than 5,000 community […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Three Questions for Any (Un)Stablecoin Legislation,” released ahead of a Senate Banking Committee hearing entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets”: “Today, Congress will hold a hearing dedicated to crypto, including so-called ‘stablecoins.’ But they […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “The SEC is Killing IPOs,” released ahead of a House Financial Services Committee hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation”: “Tomorrow, Congress will […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with the news that the Commodity Futures Trading Commission (CFTC) fired some of its employees: “Many may see the firing of CFTC employees as just another round of federal job cuts. But the reality is that these terminations make it even […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to reports that the SEC is dropping its lawsuit against Coinbase: “The SEC, the cop on the financial beat, is unilaterally disarming. It has moved from investor protector to a financial industry cheerleader. That is going to have historic repercussions and, […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to reports that the Trump administration is planning to merge the Federal Deposit Insurance Corporation (“FDIC”) and Consumer Financial Protection Bureau (“CFPB”) into the Office of the Comptroller of the Currency (“OCC”). “Our economy depends on a strong financial system which […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with the approval by the Securities and Exchange Commission (SEC) of a rule change to allow the New York Stock Exchange to offer overnight trading: “The legalization of sports betting in America has led to a gambling addiction epidemic, fueled partly by […]
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with Better Markets’ new report, “Debunking Debanking.” “All of a sudden “debanking” is a hot topic. Congressional hearings are being held, and the media is breathlessly reporting every claim, no matter how baseless or fact-free. The truth is that banking regulators […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Crypto Crimes of the Heart”: “With Valentine’s Day 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 […]
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with the release of Better Markets’ new Fact Sheet, “Bank Directors Must Be Held Accountable.” “Banks—including the biggest banks in the country headquartered on Wall Street—have repeated failures of the most basic risk controls, routinely break the law, and too often […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with SEC Acting Chair Uyeda’s statement indicating that the SEC may no longer defend the climate-related disclosure rule the agency adopted in 2024: “The Acting Chair suggested in his statement that the SEC lacked the authority to adopt rules requiring companies to […]
WASHINGTON, D.C.—Dennis Kelleher, President, CEO and Cofounder of Better Markets, issued the following statement in connection with the Securities and Exchange Commission’s (SEC) order limiting the information that can be collected by the Consolidated Audit Trail (CAT): “Markets and financial firms, including those who rip off investors, move at the 21st Century speed of light […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “A Golden Age of Crypto Crime?” released ahead of a House Financial Services Committee hearing “A Golden Age of Digital Assets: Charting a Path Forward”: “Tomorrow, Congress will hold a hearing dedicated to crypto. The hearing […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to the Trump administration’s illegal attempt to defund the Consumer Financial Protection Bureau (CFPB): “Every single American will be hurt by the Trump administration’s illegal midnight order to defund the Consumer Financial Protection Bureau, which has forced financial firms to return […]
WASHINGTON, D.C.— Today Shayna Olesiuk, Director of Banking Policy, testified at a House Financial Services Committee hearing on debanking. Below are quotes from her testimony and video from the hearing. “What’s really at stake is protecting our financial system and Main Street Americans from the risks, costs, and consequences of incredibly volatile and often flagrantly […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with the Commodity Futures Trading Commission’s (CFTC) announcement of a public roundtable in response to the self-certified Super Bowl event contracts: “The CFTC’s decision to convene a public roundtable on event contracts is an important step toward ensuring proper regulatory scrutiny. […]
WASHINGTON, D.C.— Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to Trump’s Acting FDIC Chair Travis Hill’s release of formerly nonpublic confidential documents regarding the FDIC’s supervision of crypto-related activities. “In a highly political move, the Acting FDIC Chair this morning released formerly nonpublic, confidential supervisory documents with the apparent intent […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with the release of Better Markets’ new Fact Sheet, “Fumbling the Ball: Why the CFTC Should Sack Super Bowl Gambling Contracts.” “Sports betting is nothing new, but a troubling trend is bringing sports gambling into federally regulated financial markets under the […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Report, “The SEC’s Whistleblower Program Is Key to Protecting the Economy and Main Street Americans’ Wallets”: “The US capital markets are the engine that fuels our economy, businesses, jobs, and standard of living. And our capital markets thrive […]
For media inquiries, please contact [email protected] or 202-618-6433.
To sign up for our email newsletter, please visit this page.
"* (Required)" indicates required fields
please contact [email protected] or 202-618-6433.
Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.
