FOR IMMEDIATE RELEASE
May 25, 2011
CONTACT: John Carey at 202-466-1854
john@ourfinancialsecurity.org
AFR Statement on Mark-up in House Appropriations Subcommittee on Agriculture
Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations …

AFR submitted a comment on rules implementing the “claw back” provisions that permit the FDIC to recoup pay and bonuses from executives of a failed bank that is being resolved under the FDIC’s orderly liquidation authority. AFR favors tougher and more comprehensive claw back rules.

FOR IMMEDIATE RELEASE
May 24, 2011
CONTACT: John Carey at 202-466-1854
john@ourfinancialsecurity.org

AFR Statement on Mark-up of H.R. 1573
Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for …

AFR commented on the Federal Reserve’s proposed rule setting out risk-management standards for systemically significant financial market utilities. Examples of such entities would include major derivatives clearinghouses, key bank payment systems, and repo clearing banks. AFR’s letter urged an increase capital requirements for such entities, more specific risk management standards, and a requirement that key risk assessments be performed by impartial third parties.

View pdf here.
 
May 20, 2011
 
Ben Bernanke, Chairman
Board of Governors of the Federal Reserve System
 
John Walsh, Acting Comptroller
Office of the Comptroller of the Currency
 
Sheila Bair, Chairman
Federal Deposit Insurance Corporation
 
John Bowman, Acting Director
Office of Thrift Supervision
 
Dear Federal …

The ‘Warren Report’—GOP Attacks Consumer Agency
Katherine Reynolds Lews (The Fiscal Times)
May 19, 2011
“Even before it formally opens its doors this summer, the new federal agency created to protect consumers from unscrupulous financial industry practices is …