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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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Poll Demonstrates Broad Support for Financial Reform
December 5, 2011 – 8:57 am
Poll Demonstrates Broad Support for Financial Reform

An overwhelming majority of Americans—Republican, Democratic, and Independent—favor strong, sensible oversight of the financial services industry, including a strong and independent Consumer Financial Protection Bureau, the poll finds.

This Week in Wall Street Reform
December 2, 2011 – 5:44 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – November 25, 2011 – December 2, 2011.

Coalition Press Advisory: House to Vote on Major Deregulation Bills That Would Pose a Serious Threat to Public Safety
December 1, 2011 – 10:57 am

As early as today, the House of Representatives is expected to vote on the “Regulatory Accountability Act (RAA) of 2011” (H.R. 3010) and the “Regulatory Flexibility Improvements Act” (H.R. 527). The “Regulations from the Executive in Need of Scrutiny (REINS) Act of 2011” (H.R. 10) is expected to come to the House floor for a vote early next week. All three of these bills attempt to grind the rulemaking process to a halt, thereby placing corporate interests ahead of public health, safety, environmental protection and a secure economy.

AFR Letter: Oppose Legislation that Would Weaken Derivatives Regulations
November 30, 2011 – 1:08 pm

AFR sent a letter to members of Congress opposing three pieces of legislation that would weaken derivatives regulations set in place by Dodd-Frank.

Why We Need a Financial Speculation Tax
November 25, 2011 – 10:19 am

A Financial Speculation Tax ( or Financial Transaction Tax) would be a tiny tax on Wall Street trading in stocks, bonds, foreign currency, derivatives, and other complex financial products.

AFR in the News: The Volcker Rule and Barclays’ UK Bear Hug
November 19, 2011 – 8:33 am

The Volcker Rule and Barclays’ UK Bear Hug – Nick Dunbar

“On Nov. 3rd, I attended the inaugural BBC Today Business Lecture, given by Bob Diamond, the chief executive of Barclays. The man who told the UK Treasury Select Committee that it was time to stop apologising for the financial crisis had been given an image makeover. …The more I thought about it, aside from the change in tone, there was not a great deal of difference between the unrepentant Diamond addressing the Treasury Committee and the contrite version lecturing the BBC. …The answer came to me last week…I was invited by the legislative counsel for Sen. Jeff Merkley, one of the architects of the original Volcker Rule bill, and… Americans for Financial Reform.”