ICCR’s financial services group challenges the nation’s largest banks, regulatory agencies and financial policy experts to provide greater access to affordable credit for low-income communities and proper risk oversight systems to help stabilize global financial markets and mitigate against future financial crises.
Featured ICCR Initiatives
1) Fighting to preserve Dodd-Frank. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) was passed in the aftermath of the 2008 Recession to ensure that a major financial crisis never happens again. The bill substantially changed the supervision of banking institutions in the U.S., and in particular, established the Financial Stability Oversight Council to monitor “too-big-to-fail” banks that pose a risk to the US financial system. It also created the Consumer Financial Protection Bureau (CFPB), an agency responsible for enforcing compliance with consumer financial laws. The result was a financial system that is markedly safer for consumers and small business owners. In 2017, lawmakers began to attempt to gut Dodd-Frank, most recently via the Financial CHOICE Act. ICCR strongly opposes efforts to weaken Dodd-Frank or the CFPB and has written letters refuting those attempts. Read our July letter to the House and our April letter to Congress.
2) DAPL: Supporting the Standing Rock Sioux. ICCR's members are using their voices as shareholders to stand with the Standing Rock Sioux. ICCR has challenged Goldman Sachs, Morgan Stanley and Wells Fargo on their financing of the pipeline. Read about our campaign.
3) Banks and Climate Change. As climate risk becomes recognized as critical to banks, investors want to know whether this risk is being managed well. We encourage banks to continue to establish practices that reduce their vulnerability to climate change and accelerate the transition to a low-carbon economy.