Wall Street

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Anti-Corruption Watchdog Blasts Lobbying Firm for Planned Attack on Occupy Wall Street

Group details lobbying firm’s clients, campaign contributions

Sends warning to the one percent in Washington: “Whether they like it or not, change is coming to America”

Washington, D.C.

Statement in Response to Eviction at Zuccotti Park

Washington, D.C.--Public Campaign Action Fund (PCAF) released the following statement today in response to the eviction of Occupy Wall Street protesters from Zuccotti Park.

From David Donnelly, national campaigns director:

What Will Leading Presidential Candidates Say About Bank of America’s Fees?

The Occupy Wall Street protests have spread across the country but the Republican presidential candidates want to repeal the financial reform legislation passed after Wall Street wrecked the economy. With anger over Wall Street's influence growing, what do the leading presidential candidates think about Bank of America's new debit card fee?

Lots of BofA Customers in Four Early States: 345 Branches, 652 ATMs

Watchdog: We Stand With Occupy Wall Street

Statement by Public Campaign Action Fund on Occupy Wall Street and other actions around the country

The economic collapse didn't happen by accident. Billions of dollars in campaign cash from Wall Street CEOs and executives bought federal and state policies that allowed their greed to go unchecked for a decade. They drove the economy off a cliff and put millions of Americans out of work. Now Wall Street is back to the days of million dollar bonuses as if they're not to blame, while regular Americans are saddled with debt, and fear losing their homes.

BACKGROUND MEMO: Oversight Committee’s Wall Street Cash

The House Committee on Oversight and Government reform will host Elizabeth Warren, Special Advisor to the Secretary of the Treasury on the Consumer Protection Financial Bureau (CFPB) Thursday. If previous hearings with Warren are any guide, Republican members will likely attack Warren and her work to protect consumers from the types of activities that led to the economic collapse in 2008.

Will Rep. Capito Stand With West Virginians or Wall Street Donors?

Washington, D.C.—Rep. Shelley Moore Capito (R-W.Va.) will hold a markup tomorrow, May 4th, on legislation that would weaken new Wall Street regulations after taking $114,100 in campaign contributions from big banks and investment firms in the 2010 elections, according to new research from Public Campaign Action Fund.

"Deregulation of Wall Street led to the economic collapse that Americans are still climbing out of," said David Donnelly, national campaigns director for Public Campaign Action Fund. "Will Congresswoman Capito stand with her Wall Street donors or everyday people?"

Watchdog Calls DeMint’s Efforts to Repeal Financial Reform Payback

DeMint and Senate Republican co-sponsors have taken $49.7 million from Finance, Insurance, and Real Estate sectors during their careers

Washington, D.C.—Campaign finance watchdog Public Campaign Action Fund questioned Sen. Jim DeMint (R-S.C.) and his colleagues on the introduction of a bill that would repeal the Dodd-Frank financial regulatory reform passed last year after they collected $50 million in campaign contributions from the industry.

New Report on Corporate Tax Dodgers & Cash Spent on Lobbying and Campaign Donations

Washington, D.C. – Six large banks that have been identified as actively avoiding paying at least $13 billion in federal taxes have spent nearly $140 million in lobbying expenses and campaign contributions, according to Public Campaign Action Fund analysis of data from the non-partisan Center for Responsive Politics and the Federal Election Commission.


Committee to receive testimony on the Financial Crisis Inquiry Commission report today

New analysis of new subcommittee chairs’ Wall Street donations raises questions about impartiality

Watchdog: FCIC Report Proves Political System—Not Just Wall Street—Needs Fixing

Washington, D.C.—The Financial Crisis Inquiry Commission reports that the financial industry played a “key role” in weakening regulatory constraints, that regulators lacked the “political will,” then highlighted the billions in campaign cash and lobbying the industry spend over the last decade. This will only get worse as the campaign contributions and lobbying expenses from Wall Street continue to rise, according to campaign watchdog Public Campaign Action Fund.