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Tell the Financial Regulators: Don’t Let Big Banks Make Taxpayer-Backed Bets
Tell the Financial Regulators: Don’t Let Big Banks Make Taxpayer-Backed Bets
February 8, 2012 – 2:14 pm | Comments Off

The “Volcker Rule” is a part of the Dodd-Frank Wall Street reform bill that bans banks and other large, critical financial institutions from making risky, speculative bets using taxpayer backed funds – a practice called “proprietary trading.” Tell the financial regulators to write a strong “Volcker Rule” and end excessive speculation at big Wall Street banks that puts the public at risk.

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Site Map and Users Guide to this Website
September 8, 2010 – 9:15 am

Welcome to the AFR website!  Our site provides news and information about the fight to protect everyday American consumers, investors, and workers from Wall Street’s greed and excess.  Whether you’re looking for the latest developments in …

This Week in Wall Street Reform
February 10, 2012 – 3:16 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – February 4, 2012 – February 10, 2012.

AFR in the News: Corporate Groups Seek SEC Roundtable on Pay Ratio Disclosure
February 10, 2012 – 3:12 pm

“A coalition of corporate organizations has asked the U.S. Securities and Exchange Commission to hold a roundtable before proposing rules to implement the CEO-employee pay ratio disclosure mandate of Section 953(b) of the Dodd-Frank Act. …In response, the Americans for Financial Reform (AFR), a group that includes the AFL-CIO and other supporters of Section 953(b), argues that the business coalition’s request for a roundtable is an attempt ‘to stifle the rule, not to enhance the rulemaking process.’”

AFR Letter: Oppose HR 3283
February 8, 2012 – 1:26 pm

AFR sent a letter to members of congress urging them to reject HR 3283, a bill that would exempt foreign affiliates of U.S. banks from all the major protections against derivative risks contained in Title VII of Dodd-Frank.

AFR Letter: Don’t Cripple the CFPB, Reject HR 1355 & 2081
February 7, 2012 – 7:05 pm

AFR sent a letter to members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit asking that they reject HR 2081 and HR 1355, two bills that would cripple the CFPB.

This Week in Wall Street Reform
February 3, 2012 – 1:57 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – January 28, 2012 – February 3, 2012.

Sign On Letter: AFR Urges SEC to Reject Carlyle Group’s Forced Arbitration Language in Registration Statement
February 3, 2012 – 12:51 pm

Nine public interest organizations sent a letter to the U.S. Securities and Exchange Commission, asking the agency to reject the Carlyle Group, L.P.’s attempt to insert forced arbitration language into its registration statement for its initial public offering. The inserted language both limits shareholders’ rights and weakens the agency’s oversight abilities.