French Hill: High on the 'Wall Street Flunky' list
A group called Wall Street Flunkies Project has included Republican U.S. Rep. French Hill on its baker's dozen list of the top Wall Street Flunkies for the campaign money the 13 receive from the banking/finance industry and the legislative services they provide in return.
Hill, himself a millionaire former banker, has long depended on the financial sector for campaign cash. Wall Street Flunkies has all the specifics on $2.2 million from those sources in two campaigns for Congress. Stephens Inc. of Little Rock leads the way with about a quarter-million from its employees. The American Banking Association has given Hill special attention.
What's he done to earn such favor? Sit on the House Financial Services Committee and work to roll back regulations enacted during the financial crisis and to undermine agencies that enforce them. This helps banks, securities firms and payday lenders. Consumers, not so much. The Consumer Financial Protection Bureau has been a particular target of Hill, never mind the billions it has recovered for people cheated by lenders.
Key Points:
Since 2014, French Hill has received a reported $2,215,649 from financial and real estate interests. His top 20 corporate donors include the Stephens investment group ($243,925), Arvest Bank Group ($39,250), Ernst & Young ($33,900), Simmons First National Bank ($33,875), Wells Fargo ($33,350), Westrock Capital Partners ($32,450), the American Bankers Association ($32,000), Regions Financial ($28,500), Bank of America ($27,650), and Hanna Capital Management $26,000).
Read more: https://www.arktimes.com/ArkansasBlog/archives/2018/10/14/french-hill-high-on-the-wall-street-flunky-list