Commercial banks – the traditional focus of financial regulation – no longer stand at the center of the financial system. Broker-dealers, money market funds, asset managers, and insurance companies have become key actors, with the potential to shake the stability of the whole economy. Join prominent experts, reform advocates, and regulators for a discussion of the “shadow banking” system of market-mediated credit and the steps needed to integrate it into a safer and more sustainable financial system.
“We should not accept a financial system that allows the biggest banks to emerge from a crisis in record-setting shape while working Americans continue to struggle.” – Senator Elizabeth Warren speaking at the launch event for a new AFR/Roosevelt Institute report on the state of financial reform.
After the 2008 crisis, it became clear that regulators and many sophisticated market participants had been kept in the dark about major risks and exposures in our financial system. On October 11, 2013, AFR and Georgetown Law Center co-hosted this half-day conference on the progress made – and the work that remains to be done – toward meaningful transparency on Wall Street.
A Policy Forum on the Small-Business Stake in Big-Bank Reform
Five years after the 2008 crisis, the financial world remains dominated by a half dozen megabanks which continue to engage in speculative activities for their own …
Mandatory arbitration and its impact on the world of consumer finance was the topic of a Capitol Hill briefing sponsored by AFR, Public Citizen & the National Association of Consumer Advocates.
Americans for Financial Reform, Public Citizen, and the National Association Consumer Advocates held a briefing on the pervasive practice of mandatory binding arbitration in contracts for credit cards, student loans, payday loans, and assorted other financial products.
AFR sponsored an event celebrating the first birthday of the CFPB with Director Richard Cordray. The even was cosponsored by AFL-CIO, Consumer Action, Consumer Federation ofAmerica, Consumers Union, The Leadership Conference on Civil and Human Rights, National Community Reinvestment Coalition, National Fair HousingAlliance, and U.S.PIRG
AFR along with Campaign for a Fair Settlement, ESOP, National Community Reinvestment Coalition, and New Bottom Line hosted a conference to discuss principal reduction.