CINXE.COM

<!doctype html> <html lang="en-US"> <head> <meta charset="utf-8"> <meta http-equiv="x-ua-compatible" content="ie=edge"> <meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no;maximum-scale=1, user-scalable=no"> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' />  <title>Financial Reform Archives - Demand Progress</title> <link rel="canonical" href="https://demandprogress.org/issues/financial-reform/" /> <link rel="next" href="https://demandprogress.org/issues/financial-reform/page/2/" /> <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="Financial Reform Archives - Demand Progress" /> <meta property="og:description" content="We work to elevate regulators who care more about the wellbeing of ordinary people than Wall Street’s bottom line, and we fight to ensure that Congress passes laws and conducts oversight to hold the financial sector accountable. We oppose deregulation and consolidation that makes our financial system less sound, and push back against attempts by the finance and tech sectors to normalize exploitative products and systems." /> <meta property="og:url" content="https://demandprogress.org/issues/financial-reform/" /> <meta property="og:site_name" content="Demand Progress" /> <meta property="og:image" content="https://demandprogress.org/wp-content/uploads/2020/07/IEEPpS8x-1.jpg" /> <meta property="og:image:width" content="900" /> <meta property="og:image:height" content="512" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:site" content="@demandprogress" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"CollectionPage","@id":"https://demandprogress.org/issues/financial-reform/","url":"https://demandprogress.org/issues/financial-reform/","name":"Financial Reform Archives - Demand Progress","isPartOf":{"@id":"https://demandprogress.org/#website"},"breadcrumb":{"@id":"https://demandprogress.org/issues/financial-reform/#breadcrumb"},"inLanguage":"en-US"},{"@type":"BreadcrumbList","@id":"https://demandprogress.org/issues/financial-reform/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://demandprogress.org/"},{"@type":"ListItem","position":2,"name":"Financial Reform"}]},{"@type":"WebSite","@id":"https://demandprogress.org/#website","url":"https://demandprogress.org/","name":"Demand Progress","description":"Mobilizing the public to promote freedom","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://demandprogress.org/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}</script>  <link rel='dns-prefetch' href='//demo.actionkit.com' /> <link rel='dns-prefetch' href='//www.google.com' /> <link rel='dns-prefetch' href='//use.typekit.net' /> <link rel="alternate" type="application/rss+xml" title="Demand Progress » Financial Reform Issue Feed" href="https://demandprogress.org/issues/financial-reform/feed/" /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/demandprogress.org\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.6.1"}}; /*! This file is auto-generated */ !function(i,n){var o,s,e;function c(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(o,JSON.stringify(t))}catch(e){}}function p(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data),r=(e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0),new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data));return t.every(function(e,t){return e===r[t]})}function u(e,t,n){switch(t){case"flag":return n(e,"\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f","\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f")?!1:!n(e,"\ud83c\uddfa\ud83c\uddf3","\ud83c\uddfa\u200b\ud83c\uddf3")&&!n(e,"\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f","\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f");case"emoji":return!n(e,"\ud83d\udc26\u200d\u2b1b","\ud83d\udc26\u200b\u2b1b")}return!1}function f(e,t,n){var r="undefined"!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):i.createElement("canvas"),a=r.getContext("2d",{willReadFrequently:!0}),o=(a.textBaseline="top",a.font="600 32px Arial",{});return e.forEach(function(e){o[e]=t(a,e,n)}),o}function t(e){var t=i.createElement("script");t.src=e,t.defer=!0,i.head.appendChild(t)}"undefined"!=typeof Promise&&(o="wpEmojiSettingsSupports",s=["flag","emoji"],n.supports={everything:!0,everythingExceptFlag:!0},e=new Promise(function(e){i.addEventListener("DOMContentLoaded",e,{once:!0})}),new Promise(function(t){var n=function(){try{var e=JSON.parse(sessionStorage.getItem(o));if("object"==typeof e&&"number"==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&"object"==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if("undefined"!=typeof Worker&&"undefined"!=typeof OffscreenCanvas&&"undefined"!=typeof URL&&URL.createObjectURL&&"undefined"!=typeof Blob)try{var e="postMessage("+f.toString()+"("+[JSON.stringify(s),u.toString(),p.toString()].join(",")+"));",r=new Blob([e],{type:"text/javascript"}),a=new Worker(URL.createObjectURL(r),{name:"wpTestEmojiSupports"});return void(a.onmessage=function(e){c(n=e.data),a.terminate(),t(n)})}catch(e){}c(n=f(s,u,p))}t(n)}).then(function(e){for(var t in e)n.supports[t]=e[t],n.supports.everything=n.supports.everything&&n.supports[t],"flag"!==t&&(n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&n.supports[t]);n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&!n.supports.flag,n.DOMReady=!1,n.readyCallback=function(){n.DOMReady=!0}}).then(function(){return e}).then(function(){var e;n.supports.everything||(n.readyCallback(),(e=n.source||{}).concatemoji?t(e.concatemoji):e.wpemoji&&e.twemoji&&(t(e.twemoji),t(e.wpemoji)))}))}((window,document),window._wpemojiSettings); /* ]]> */ </script> <link rel='stylesheet' id='formidable-css' href='https://demandprogress.org/wp-content/plugins/formidable/css/formidableforms.css?ver=11202207' type='text/css' media='all' /> <style id='wp-emoji-styles-inline-css' type='text/css'> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 0.07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <link rel='stylesheet' id='wp-block-library-css' href='https://demandprogress.org/wp-includes/css/dist/block-library/style.min.css?ver=6.6.1' type='text/css' media='all' /> <link rel='stylesheet' id='pdfemb-gutenberg-block-backend-js-css' href='https://demandprogress.org/wp-content/plugins/PDFEmbedder-premium/css/pdfemb-blocks.css?ver=6.6.1' type='text/css' media='all' /> <style id='classic-theme-styles-inline-css' type='text/css'> /*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} </style> <style id='global-styles-inline-css' type='text/css'> :root{--wp--preset--aspect-ratio--square: 1;--wp--preset--aspect-ratio--4-3: 4/3;--wp--preset--aspect-ratio--3-4: 3/4;--wp--preset--aspect-ratio--3-2: 3/2;--wp--preset--aspect-ratio--2-3: 2/3;--wp--preset--aspect-ratio--16-9: 16/9;--wp--preset--aspect-ratio--9-16: 9/16;--wp--preset--color--black: #000000;--wp--preset--color--cyan-bluish-gray: #abb8c3;--wp--preset--color--white: #ffffff;--wp--preset--color--pale-pink: #f78da7;--wp--preset--color--vivid-red: #cf2e2e;--wp--preset--color--luminous-vivid-orange: #ff6900;--wp--preset--color--luminous-vivid-amber: #fcb900;--wp--preset--color--light-green-cyan: #7bdcb5;--wp--preset--color--vivid-green-cyan: #00d084;--wp--preset--color--pale-cyan-blue: #8ed1fc;--wp--preset--color--vivid-cyan-blue: #0693e3;--wp--preset--color--vivid-purple: #9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);--wp--preset--gradient--cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);--wp--preset--gradient--blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);--wp--preset--gradient--blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);--wp--preset--gradient--luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);--wp--preset--gradient--pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);--wp--preset--gradient--electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);--wp--preset--gradient--midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);--wp--preset--font-size--small: 13px;--wp--preset--font-size--medium: 20px;--wp--preset--font-size--large: 36px;--wp--preset--font-size--x-large: 42px;--wp--preset--spacing--20: 0.44rem;--wp--preset--spacing--30: 0.67rem;--wp--preset--spacing--40: 1rem;--wp--preset--spacing--50: 1.5rem;--wp--preset--spacing--60: 2.25rem;--wp--preset--spacing--70: 3.38rem;--wp--preset--spacing--80: 5.06rem;--wp--preset--shadow--natural: 6px 6px 9px rgba(0, 0, 0, 0.2);--wp--preset--shadow--deep: 12px 12px 50px rgba(0, 0, 0, 0.4);--wp--preset--shadow--sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);--wp--preset--shadow--outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);--wp--preset--shadow--crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex > :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid > :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color: var(--wp--preset--color--white) !important;}.has-pale-pink-color{color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;} :where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;} :where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;} :root :where(.wp-block-pullquote){font-size: 1.5em;line-height: 1.6;} </style> <link rel='stylesheet' id='contact-form-7-css' href='https://demandprogress.org/wp-content/plugins/contact-form-7/includes/css/styles.css?ver=6.0.1' type='text/css' media='all' /> <link rel='stylesheet' id='recent-facebook-posts-css-css' href='https://demandprogress.org/wp-content/plugins/recent-facebook-posts/assets/css/default.min.css?ver=2.0.12' type='text/css' media='all' /> <link rel='stylesheet' id='wp-pagenavi-css' href='https://demandprogress.org/wp-content/plugins/wp-pagenavi/pagenavi-css.css?ver=2.70' type='text/css' media='all' /> <link rel='stylesheet' id='sage/main.css-css' href='https://demandprogress.org/wp-content/themes/dp/dist/styles/main_798734b1.css' type='text/css' media='all' /> <link rel='stylesheet' id='typekit-css' href='https://use.typekit.net/ltl4tws.css' type='text/css' media='all' /> <script type="text/javascript" src="https://demandprogress.org/wp-includes/js/jquery/jquery.min.js?ver=3.7.1" id="jquery-core-js"></script> <script type="text/javascript" src="https://demandprogress.org/wp-includes/js/jquery/jquery-migrate.min.js?ver=3.4.1" id="jquery-migrate-js"></script> <link rel="https://api.w.org/" href="https://demandprogress.org/wp-json/" /><link rel="alternate" title="JSON" type="application/json" href="https://demandprogress.org/wp-json/wp/v2/issues/251" /><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://demandprogress.org/xmlrpc.php?rsd" /> <style type="text/css" id="wp-custom-css"> .gi-section.gi-donate { h5 { color: var(--color-text); } } .page-template-template-news .subnav li:nth-child(6), .category-first-branch-forecast .section-intro:not(.sub){ display: none; } .page-template-template-news .subnav li:nth-child(6) </style> <link href="https://fonts.googleapis.com/css2?family=Source+Sans+Pro:ital,wght@0,300;0,400;0,700;1,400&display=swap" rel="stylesheet"> </head> <body class="archive tax-issues term-financial-reform term-251 dp do-etfw app-data index-data archive-data taxonomy-data taxonomy-issues-data taxonomy-issues-financial-reform-data"> <div id="page-wrpr"> <div class="nav-spacer" ></div> <header class="banner"> <div class="fluid-container"> <a class="brand" href="https://demandprogress.org/"> </a> <button class="navbar-toggler hamburger hamburger--collapse" type="button" data-toggle="collapse" aria-expanded="false" aria-label="Toggle navigation"> <span class="hamburger-box"> <span class="hamburger-inner"></span> </span> </button> <nav class="nav-primary"> <nav class="issue-nav-fixed issue-nav"> <ul class="issue-links"> <li class="cat-item cat-item-246"><a href="https://demandprogress.org/issues/internet-freedom/">Internet Freedom</a> </li> <li class="cat-item cat-item-247"><a href="https://demandprogress.org/issues/surveillance/">Surveillance</a> </li> <li class="cat-item cat-item-248"><a href="https://demandprogress.org/issues/corporate-power/">Corporate Power</a> </li> <li class="cat-item cat-item-249"><a href="https://demandprogress.org/issues/anti-militarism/">Anti Militarism</a> </li> <li class="cat-item cat-item-250"><a href="https://demandprogress.org/issues/democracy-reform/">Democracy Reform</a> </li> <li class="cat-item cat-item-251 current-cat"><a aria-current="page" href="https://demandprogress.org/issues/financial-reform/">Financial Reform</a> </li> <li class="line-spacer"></li> </ul> </nav> <div class="menu-main-menu-container"><ul id="menu-main-menu" class="nav"><li id="menu-item-680150" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-680150"><a href="https://demandprogress.org/our-work/">Our Work</a></li> <li id="menu-item-680481" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-680481"><a href="https://demandprogress.org/the-latest/">The Latest</a></li> <li id="menu-item-680480" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-680480"><a href="https://demandprogress.org/about/">About</a></li> <li id="menu-item-1057" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-1057"><a href="/get-involved">Get Involved</a></li> </ul></div> </nav> <nav class="done-animating can-anim show-issues-submenu issue-nav"> <ul class="issue-links"> <li class="cat-item cat-item-246"><a href="https://demandprogress.org/issues/internet-freedom/">Internet Freedom</a> </li> <li class="cat-item cat-item-247"><a href="https://demandprogress.org/issues/surveillance/">Surveillance</a> </li> <li class="cat-item cat-item-248"><a href="https://demandprogress.org/issues/corporate-power/">Corporate Power</a> </li> <li class="cat-item cat-item-249"><a href="https://demandprogress.org/issues/anti-militarism/">Anti Militarism</a> </li> <li class="cat-item cat-item-250"><a href="https://demandprogress.org/issues/democracy-reform/">Democracy Reform</a> </li> <li class="cat-item cat-item-251 current-cat"><a aria-current="page" href="https://demandprogress.org/issues/financial-reform/">Financial Reform</a> </li> <li class="line-spacer"></li> </ul> <div class="issues-sub-nav"> <div class="sel-current"> <button class="toggle-issues-nav"> <svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"> <symbol id="dots"><circle cx="12" cy="12" r="1"></circle><circle cx="19" cy="12" r="1"></circle><circle cx="5" cy="12" r="1"></circle></symbol> <symbol id="x"><line x1="18" y1="6" x2="6" y2="18"></line><line x1="6" y1="6" x2="18" y2="18"></line></symbol> <use href="#dots"></use> </svg> </button> <span class="issue-active">Financial Reform</span> </div> <ul class="issue-categories"> <li><a href="#special-projects">Special Projects</a></li> <li><a href="#policy-work">Policy Work</a></li> <li><a href="#media-relations">Media Relations</a></li> </ul> </div> </nav> </div> </header> <div id="header-clear"></div> <div class="wrap fluid-container" role="document"> <div class="content"> <main class="main"> <section class="space-sides space-top"> <div class="page-hero"> <h1 class="split-text slide-over">We help ensure policymakers with power over Wall Street and the financial sector act in the public's interest.</h1> <p>We work to elevate regulators who care more about the wellbeing of ordinary people than Wall Street's bottom line, and we fight to ensure that Congress passes laws and conducts oversight to hold the financial sector accountable. We oppose deregulation and consolidation that makes our financial system less sound, and push back against attempts by the finance and tech sectors to normalize exploitative products and systems.</p> <div class="drawing"></div> </div> <h2> How we've been fighting: </h2> <section id="special-projects"> <section class="our-work our-work-sp section-spaced"> <div class="section-spacer"> <h3>Special Projects</h3> <p class="section-intro">When the moment or issue demands it, we dive in on longer-term projects, leveraging our staff and resources to win big victories in the fight for transparency, equity and justice.</p> <div class="our-work-posts"> <article class="post-680262 project type-project status-publish has-post-thumbnail hentry issues-financial-reform"> <a href="https://agencyspotlight.org" style="background-image:url(https://demandprogress.org/wp-content/uploads/2020/08/Agency-Spotlight.png)" class="post-tn"><a href="https://agencyspotlight.org"></a></a> <div class="item-content"> <h2> <a target="_blank" href="https://agencyspotlight.org">Agency Spotlight</a> </h2> <p>The Agency Spotlight tracks appointments to leadership positions at 39 agencies through the confirmation process and beyond. The Spotlight monitors and exhibits key votes for three prominent agencies — the Federal Deposit Insurance Corporation (FDIC), the Federal Trade Commission (FTC), and the Securities and Exchange Commission (SEC).</p> </div> </article> </div> </div> </section> </section> <section id="online-activism"> </section> <section id="policy-work"> <section class="our-work our-work-pw section-spaced"> <div class="section-spacer"> <h3>Policy Work</h3> <p class="section-intro">We use our team’s deep expertise to craft policy and intervene in debates to serve the interests of people, not entrenched power.</p> <div class='subnav-wrap'> <ul class='ajax-cat subnav'> <li><a href="https://demandprogress.org/policy-work/letters/?issue=financial-reform">Letters</a></li> <li><a href="https://demandprogress.org/policy-work/reports/?issue=financial-reform">Reports</a></li> <li><a href="https://demandprogress.org/policy-work/testimony/?issue=financial-reform">Testimony</a></li> <li><a href="https://demandprogress.org/policy-work/briefs/?issue=financial-reform">Briefs</a></li> <li><a href="https://demandprogress.org/policy-work/vote-recs/?issue=financial-reform">Vote Recommendations</a></li> </ul> </div> <div class="our-work-posts"> <article class="news-item no-tn post-680792 post type-post status-publish format-standard hentry category-letters category-policy-work tag-biden-administration tag-transparency issues-financial-reform issues-democracy-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/policy-work/letters/">Letters</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://s3.amazonaws.com/demandprogress/letters/Letter_To_Biden_On_Financial_Disclosures.pdf">Over Three Dozen Progressive Groups Write to President Biden Requesting Better Financial Disclosure Details Of Nominees and Appointees</a></h2> </header> <footer> <time class="updated" datetime="2021-01-21T23:10:30+00:00">January 21, 2021</time> </footer> </div> </div> </article> <article class="news-item no-tn post-680134 post type-post status-publish format-link hentry category-letters tag-transparency post_format-post-format-link issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/policy-work/letters/">Letters</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://s3.amazonaws.com/demandprogress/letters/102_Groups_Urge_Congress_to_Support_H.R._5933_Disclosure_of_Tax_Havens_and_Offshoring_Act">102 Groups Urge Congress to Support the Disclosure of Tax Havens and Offshoring Act H.R. 5933</a></h2> </header> <footer> <time class="updated" datetime="2020-07-13T13:50:54+00:00">July 13, 2020</time> </footer> </div> </div> </article> <article class="news-item no-tn post-680456 post type-post status-publish format-standard hentry category-vote-recs issues-corporate-power issues-democracy-reform issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/policy-work/vote-recs/">Vote Recommendations</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://demandprogress.org/demand-progress-urges-opposition-heroes-act-2/">Demand Progress Urges Opposition to HEROES Act</a></h2> </header> <footer> <time class="updated" datetime="2020-05-13T12:00:02+00:00">May 13, 2020</time> </footer> </div> <div class="vote-svg"></div> </div> </article> <article class="news-item no-tn post-679920 post type-post status-publish format-link hentry category-reports category-testimony post_format-post-format-link issues-democracy-reform issues-anti-militarism issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/policy-work/reports/">Reports</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://s3.amazonaws.com/demandprogress/reports/Demand_Progress_FY_2021_Appropriations_Requests.pdf">Demand Progress Appropriations Requests for FY 2021</a></h2> </header> <footer> <time class="updated" datetime="2020-03-02T15:58:12+00:00">March 2, 2020</time> </footer> </div> </div> </article> <article class="news-item no-tn post-679219 post type-post status-publish format-link hentry category-letters tag-human-rights post_format-post-format-link issues-corporate-power issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/policy-work/letters/">Letters</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://s3.amazonaws.com/demandprogress/letters/2018-08-27_Coalition_Letter_to_Cease_Association_with_ALEC.pdf">Coalition Calls on Corporations to Cease Association with the American Legislative Exchange Council (ALEC)</a></h2> </header> <footer> <time class="updated" datetime="2018-08-27T22:30:40+00:00">August 27, 2018</time> </footer> </div> </div> </article> <article class="news-item no-tn post-679119 post type-post status-publish format-link hentry category-letters tag-fdic tag-sec tag-wall-street post_format-post-format-link issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/policy-work/letters/">Letters</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://s3.amazonaws.com/demandprogress/letters/2018-05-23-Joint-Letter-Calls-for-Public-Interest-Advocates-at-FDIC-SEC.pdf">Joint Letter Calls for Progressive Public Interest Advocates at the FDIC and SEC</a></h2> </header> <footer> <time class="updated" datetime="2018-05-23T10:00:14+00:00">May 23, 2018</time> </footer> </div> </div> </article> </div> <div class="view-all"> <a href="https://demandprogress.org/policy-work?issue=financial-reform">View All ></a> </div> </div> </section> </section> <section id="media-relations"> <section class="our-work our-work-mr section-spaced"> <div class="section-spacer"> <h3>Media Relations</h3> <p class="section-intro">We work with reporters to break crucial stories, give expert commentary and ensure the role of grassroots activism is not ignored in the press.</p> <div class='subnav-wrap'> <ul class='ajax-cat subnav'> <li><a href="https://demandprogress.org/media/press-hits/?issue=financial-reform">Press Hits</a></li> <li><a href="https://demandprogress.org/media/press-releases/?issue=financial-reform">Press Releases</a></li> <li><a href="https://demandprogress.org/media/op-eds/?issue=financial-reform">Op-Eds</a></li> </ul> </div> <div class="our-work-posts"> <article class="news-item no-tn post-682148 post type-post status-publish format-standard hentry category-press-hits issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/media/press-hits/">Press Hits</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://theintercept.com/2023/01/09/house-rules-debt-discharge-petition/">House Rules Package Gives Democrats a Path to Averting Ceiling Crisis</a></h2> </header> <footer> <time class="updated" datetime="2023-01-09T18:47:40+00:00">January 9, 2023</time> <cite class="news-source">- The Intercept</cite> </footer> </div> </div> </article> <article class="news-item no-tn post-681104 post type-post status-publish format-standard hentry category-press-hits issues-financial-reform issues-democracy-reform issues-corporate-power"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/media/press-hits/">Press Hits</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://www.politico.com/news/2021/05/17/progressives-sec-chair-trump-audit-board-488988">Progressives tell SEC chair to fire Trump-era audit board</a></h2> </header> <footer> <time class="updated" datetime="2021-05-17T18:56:47+00:00">May 17, 2021</time> <cite class="news-source">- POLITICO</cite> </footer> </div> </div> </article> <article class="news-item no-tn post-681116 post type-post status-publish format-standard hentry category-press-hits issues-financial-reform issues-anti-militarism"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/media/press-hits/">Press Hits</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://www.wpri.com/news/politics/progressive-groups-urge-reed-to-push-funding-boost-for-imf/">Progressive groups urge Reed to add funding for countries through IMF</a></h2> </header> <footer> <time class="updated" datetime="2021-05-04T19:06:09+00:00">May 4, 2021</time> <cite class="news-source">- WPRI</cite> </footer> </div> </div> </article> <article class="news-item no-tn post-681108 post type-post status-publish format-standard hentry category-press-hits issues-democracy-reform issues-corporate-power issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/media/press-hits/">Press Hits</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://www.politico.com/news/2021/04/28/sec-alex-oh-resignation-484955">SEC enforcement chief resigns over role in Indonesian torture case</a></h2> </header> <footer> <time class="updated" datetime="2021-04-28T19:00:15+00:00">April 28, 2021</time> <cite class="news-source">- POLITICO</cite> </footer> </div> </div> </article> <article class="news-item no-tn post-680015 post type-post status-publish format-standard hentry category-press-releases issues-corporate-power issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/media/press-releases/">Press Releases</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://demandprogress.org/demand-progress-urges-opposition-heroes-act/">Demand Progress Urges Opposition to HEROES Act</a></h2> </header> <footer> <time class="updated" datetime="2020-05-13T18:07:55+00:00">May 13, 2020</time> </footer> </div> </div> </article> <article class="news-item no-tn post-679852 post type-post status-publish format-link hentry category-op-eds post_format-post-format-link issues-corporate-power issues-democracy-reform issues-financial-reform"> <div class="item-content"> <div class="ic-top"> <div class="post-type-name"><a href="https://demandprogress.org/media/op-eds/">Op-Eds</a></div> <header> <h2 class="entry-title nudge-hover"><a href="https://prospect.org/politics/chuck-schumer-regulatory-personnel-commissioners/">Chuck Schumer Has an Important Choice to Make on Regulatory Personnel</a></h2> </header> <footer> <time class="updated" datetime="2019-11-12T18:31:17+00:00">November 12, 2019</time> <cite class="news-source">- American Prospect</cite> </footer> </div> </div> </article> </div> <div class="view-all"> <a href="https://demandprogress.org/media?issue=financial-reform">View All ></a> </div> </div> </section> </section> <section id="events"> </section> </section> </main> </div> </div> <div class="email-footer"> <div class="email-footer-content"> <h4>Join the Fight to Demand Progress</h4> <p class="split-text"> Let’s demand a world where speech and democracy flourish — and which is free from concentrated corporate power, corruption, and needless war. </p> <form name="signup" id="signup_form" action="https://act.demandprogress.org/act/" class="sign-up-form"> <input type="hidden" name="page" value="signup" /> <input type="email" placeholder="email address" id="id_email" class="text" name="email" /> <script> function gotCaptcha() { document.getElementById("signup_form").submit(); } </script> <button class="submit-btn g-recaptcha" data-callback="gotCaptcha" data-sitekey="6LetQiEUAAAAAC5mkK_YsHGJjLE7vxjMTIaNn3MA">Sign Me Up</button> </form> <p> <strong class="split-text"> We’ll send you emails to sign petitions, join in collective actions, and keep you updated on our progress. You will have control over your subscription settings. </strong> </p> </div> </div> <footer class="content-info" id="page-footer"> <div class="fluid-container"> <div class='footer-nav-wrap'> <div class="menu-footer-menu-container"><ul id="menu-footer-menu" class="footer-nav"><li id="menu-item-680484" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-680484"><a href="https://demandprogress.org/our-work/">Our Work</a></li> <li id="menu-item-680483" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-680483"><a href="https://demandprogress.org/the-latest/">The Latest</a></li> <li id="menu-item-680482" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-680482"><a href="https://demandprogress.org/about/">About</a></li> <li id="menu-item-1122" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-1122"><a href="https://demandprogress.org/privacy-policy/">Privacy</a></li> <li id="menu-item-680761" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-680761"><a href="/donate">Donate</a></li> <li id="menu-item-1118" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-1118"><a href="/get-involved">Get Involved</a></li> </ul></div> <div class='contact'> Press inquiries: <a href="/cdn-cgi/l/email-protection#d0a0a2b5a3a390b4b5bdb1beb4a0a2bfb7a2b5a3a3febfa2b7"><span class="__cf_email__" data-cfemail="e09092859393a084858d818e8490928f8792859393ce8f9287">[email protected]</span></a><br/> General inquiries: <a href="/cdn-cgi/l/email-protection#b7d4d8d9c3d6d4c3f7d3d2dad6d9d3c7c5d8d0c5d2c4c499d8c5d0"><span class="__cf_email__" data-cfemail="a8cbc7c6dcc9cbdce8cccdc5c9c6ccd8dac7cfdacddbdb86c7dacf">[email protected]</span></a> </div> <div class='socials'> <a href="http://twitter.com/demandprogress" class="twitter"></a> <a href="http://facebook.com/demandprogress" class="fb"></a> <a href="https://medium.com/demand-progress" class="medium"></a> </div> </div> <nav class="issue-nav-fixed issue-nav"> <ul class="issue-links"> <li class="cat-item cat-item-246"><a href="https://demandprogress.org/issues/internet-freedom/">Internet Freedom</a> </li> <li class="cat-item cat-item-247"><a href="https://demandprogress.org/issues/surveillance/">Surveillance</a> </li> <li class="cat-item cat-item-248"><a href="https://demandprogress.org/issues/corporate-power/">Corporate Power</a> </li> <li class="cat-item cat-item-249"><a href="https://demandprogress.org/issues/anti-militarism/">Anti Militarism</a> </li> <li class="cat-item cat-item-250"><a href="https://demandprogress.org/issues/democracy-reform/">Democracy Reform</a> </li> <li class="cat-item cat-item-251 current-cat"><a aria-current="page" href="https://demandprogress.org/issues/financial-reform/">Financial Reform</a> </li> <li class="line-spacer"></li> </ul> </nav> </div> </footer> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type="text/javascript" src="https://demandprogress.org/wp-includes/js/dist/hooks.min.js?ver=2810c76e705dd1a53b18" id="wp-hooks-js"></script> <script type="text/javascript" src="https://demandprogress.org/wp-includes/js/dist/i18n.min.js?ver=5e580eb46a90c2b997e6" id="wp-i18n-js"></script> <script type="text/javascript" id="wp-i18n-js-after"> /* <![CDATA[ */ wp.i18n.setLocaleData( { 'text direction\u0004ltr': [ 'ltr' ] } ); wp.i18n.setLocaleData( { 'text direction\u0004ltr': [ 'ltr' ] } ); /* ]]> */ </script> <script type="text/javascript" src="https://demandprogress.org/wp-content/plugins/contact-form-7/includes/swv/js/index.js?ver=6.0.1" id="swv-js"></script> <script type="text/javascript" id="contact-form-7-js-before"> /* <![CDATA[ */ var wpcf7 = { "api": { "root": "https:\/\/demandprogress.org\/wp-json\/", "namespace": "contact-form-7\/v1" }, "cached": 1 }; /* ]]> */ </script> <script type="text/javascript" src="https://demandprogress.org/wp-content/plugins/contact-form-7/includes/js/index.js?ver=6.0.1" id="contact-form-7-js"></script> <script type="text/javascript" src="https://demandprogress.org/wp-content/plugins/easy-twitter-feed-widget/js/twitter-widgets.js?ver=1.0" id="do-etfw-twitter-widgets-js"></script> <script type="text/javascript" src="https://www.google.com/recaptcha/api.js?render=6LcJ2P8ZAAAAABz2zcVDg4eHzMBxtkBnp4D8fakE&ver=3.0" id="google-recaptcha-js"></script> <script type="text/javascript" src="https://demandprogress.org/wp-includes/js/dist/vendor/wp-polyfill.min.js?ver=3.15.0" id="wp-polyfill-js"></script> <script type="text/javascript" id="wpcf7-recaptcha-js-before"> /* <![CDATA[ */ var wpcf7_recaptcha = { "sitekey": "6LcJ2P8ZAAAAABz2zcVDg4eHzMBxtkBnp4D8fakE", "actions": { "homepage": "homepage", "contactform": "contactform" } }; /* ]]> */ </script> <script type="text/javascript" src="https://demandprogress.org/wp-content/plugins/contact-form-7/modules/recaptcha/index.js?ver=6.0.1" id="wpcf7-recaptcha-js"></script> <script type="text/javascript" src="https://demandprogress.org/wp-content/themes/dp/dist/scripts/main_798734b1.js" id="sage/main.js-js"></script> <script type="text/javascript" src="https://demo.actionkit.com/resources/actionkit.js" id="ak-js"></script> <script type="text/javascript" src="https://www.google.com/recaptcha/api.js" id="recaptcha-js"></script> </div> </body> </html>