Read U.S. PIRG and AFR’s issue brief outlining the 10 reasons we need the Consumer Financial Protection Bureau here.

FOR IMMEDIATE RELEASE   
July 18, 2011                                       
CONTACT: John Carey at 202-466-1854
john@ourfinancialsecurity.org          

AFR Statement on Announcement of Richard Cordray to Lead the CFPB

Washington, DC – Americans for Financial Reform, a coalition of more than 250 …

Click here  to view this week’s highlights and lowlights in Wall Street Reform – July 9, 2011 – July 15, 2011.

Elizabeth Warren‘s Summer Grilling
Gary Rivlin (The Daily Beast)
July 14, 2011
―Summer is the season of reruns, so anyone tuning in this morning to watch the latest appearance of Elizabeth Warren on Capitol Hill can be forgiven …

The prudential regulators’ proposed rules on margin and capital requirements must be strengthened. There are several areas which could be improved upon, particularly the calculation and collection of margin must be improved. The suggested revisions would further help to reduce systemic risk in swaps transactions, which is the ultimate goal of the measures.

The CFTC’s proposed rules on margin and capital requirements must be substantially strengthened. Specifically, the process of collecting margin must be generally improved, both in terms of quantity and quality required. The suggested revisions would not only improve the overall effectiveness of the rules, but also the fairness, as the proposed rules seems to favor swap dealers.