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AFR Press Statement: President Obama’s Recess Appointment of Richard Cordray
January 4, 2012 – 11:02 am | Comments Off

Consumers won today when President Obama defied Wall Street interests to make a recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau. President Obama stood with consumers and families in making this crucial decision.

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This Week in Wall Street Reform
September 2, 2011 – 1:51 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – August 27, 2011 – September 2, 2011.

Letter Supporting the Confirmation of Richard Cordray to Lead the CFPB
September 2, 2011 – 11:01 am

Read our letter cosigned by over 60 national, state, and local groups supporting Richard Cordray’s confirmation to head the CFPB here.

AFR Comment to Basel Committee on Capital Surcharges For the Largest Banks
August 30, 2011 – 1:03 pm

AFR submitted a comment to the Basel Committee, which sets international standards for minimum levels of bank equity capital, concerning the levels of required capital for the largest world banks (so called Global Systemically Important Banks, or G-SIBs). AFR believes the proposed Basel minimum capital levels for these banks are far too low, and the Committee’s own analysis implies much higher capital levels should be set for these entities.

AFR-CFA Comment Letter: Business Conduct Standards
August 29, 2011 – 2:56 pm

The Securities and Exchange Commission has proposed business conduct rules for security-based swap dealers and major security-based participants that AFR and CFA have said will not be effective in ending abusive practices and do not do enough to bring transparency to this market. Of particular concern are serious shortcomings in the provisions designed to provide enhanced protections for special entities, such as municipalities and pension funds, shortcomings that all but guarantee the rules will not deliver the intended enhanced protections. In a comment letter filed with the SEC yesterday, AFR and CFA urged the agency to comprehensively revise the rules to address weaknesses in virtually every provision of the rules and make them at least as strong as those proposed earlier this year by the CFTC.

This Week in Wall Street Reform
August 26, 2011 – 5:35 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – August 20, 2011 – August 26, 2011.

CFA/AFR Comment on Credit Ratings Agencies
August 10, 2011 – 10:29 am

Read our comment letter to the SEC here.