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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AFR in the News: Regulators defend 300-page ‘Volcker Rule’ on risky trading
January 20, 2012 – 2:43 pm

“However, a representative of the group Americans for Financial Reform argued the Volcker Rule is a vital safeguard for the financial system, ensuring that American taxpayers no longer effectively guarantee risky trading done by insured depository institutions.”

AFR in the News: New Laws Possible In Wake of MF Global’s Demise
January 20, 2012 – 2:42 pm

“Lawmakers are considering new policies aimed at preventing a repeat of the MF Global debacle…the committee’s chairwoman, Senator Debbie Stabenow, sent roughly 20 letters on Wednesday to some of the industry’s biggest players, seeking suggestions for new policies. … She sent letters to consumer advocacy groups, including Americans for Financial Reform…”

This Week in Wall Street Reform
January 20, 2012 – 2:41 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – January 14, 2012 – January 20, 2012.

AFR Briefing Memo: The Volcker Rule and Market Liquidity
January 17, 2012 – 6:36 pm

The Volcker Rule and Market Liquidity
The Volcker Rule will restrict banks’ ability to speculate in financial markets. Recently, critics of the rule have claimed that it will lead to declines in market liquidity that will …

Wallace Turbeville’s Testimony on Behalf of AFR at House Financial Services Volcker Rule Hearing
January 17, 2012 – 6:19 pm

Read Wallace Turbeville’s testimony at the House Financial Services hearing on “Examining the Impact of the Volcker Rule on Markets, Businesses, Investors and Job Creation” here.

AFR Comment Letter: Private Student Loans Among Riskiest Ways to Pay for College
January 17, 2012 – 5:58 pm

Read the pdf of our comment letter to the CFPB regarding private student loans here.
 
January 17, 2012
 
 
 
Ms. Monica Jackson
 
Office of the Executive Secretary
 
Consumer Financial Protection Bureau
 
1500 Pennsylvania Ave., NW
 
(Attn: 1801 L Street)
 
Washington, DC 20220
 
 
 
(sent via …