AFR in the News
Without a neighborhood-by-neighborhood breakdown, “it is impossible to measure the impact of the national mortgage settlement in any meaningful way.”
The Agriculture Committee’s bills would “enable public bailouts of swaps dealers, weaken the ability of regulators to control derivatives trading in overseas subsidiaries of Wall Street banks and establish a blanket exemption for derivatives transactions among the thousands of subsidiaries of global banks.”
Under huge pressure and intense scrutiny, the CFPB’s “execution has been pretty darned good,” says AFR ‘s Lisa Donner..
Combing through a 1000-page contract, the Tribune found “some eye-opening fees.” Such as $2.95 for “reloading your account online using a credit card.”
“Last week’s Senate report on JPMorgan Chase’s ‘London Whale’ trades should have redoubled Washington’s resolve to carry out the basic derivatives safety measures of Dodd-Frank. But too many members of the House Agriculture Committee seem to have their heads buried in the sand.”