AFR submitted a comment in response to the CFTC’s request for views on their overall proposed structure for regulating swaps and derivatives. The comment raised several issues concerning conflicts of interest in ownership and management of key areas of derivatives infrastructure, like clearinghouses and swaps data repositories. AFR also raised potential problems with definitions of “commercial risk” that could permit evasion of regulations.

For Mortgage Defaulters, More Loans for the Taking
Annamaria Andriotis (Smart Money)
June 1, 2011
“After years of turning down all but the best borrowers, banks and other lenders are now extending credit to a surprising group of …

The Bank Lobby Steps Up Its Attack on Elizabeth Warren
Ari Berman (The Nation)
June 1, 2011
“On May 24 Elizabeth Warren was back on Capitol Hill testifying before Congress, defending her brainchild, the new Consumer Financial Protection …

AFR submitted a comment letter to the banking oversight agencies on proposed rules to change pay practices at big banks. The rules include a number of proposals, including mandatory deferral of some compensation, intended to ensure that Wall Street executives are financially accountable for the long-term consequences of their actions. The letter commended a number of positive steps taken in the proposal, but made the case that the deferral and oversight rules would have to be strengthened to fully address the problem.

FOR IMMEDIATE RELEASE
May 31, 2011
CONTACT: John Carey at 202-466-1854
john@ourfinancialsecurity.org

AFR Statement on Markup of FY 2012 Agriculture Budget
Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together …

AFR submitted a comment letter calling on the FSOC to change its proposed rules for Freedom of Information Act (FOIA) requests to better ensure the public’s access to information from financial regulators.