Click here to view this week’s highlights and lowlights in Wall Street Reform – October 15, 2011 – October 20, 2011.

In a letter to Congress, AFR urges Senators to oppose the Crapo Amendment 814 to HR 2112, which would inhibit financial regulators ability to oversee the shadow markets in derivatives.

Click here to view this week’s highlights and lowlights in Wall Street Reform – October 8, 2011 – October 14, 2011.

Here is a compilation of all the press coverage AFR received around the release of the Volcker Rule proposal.

Today’s House Agriculture committee hearing is a loophole festival for the big swaps dealers. The Committee is considering seven different pieces of legislation. Almost every one of them would carve a significant loophole in the new derivatives protections created by the Dodd Frank Act.

“The Volcker Rule, with its clear ban on both proprietary trading and conflicts of interest, is one of the short list of places where the Dodd-Frank Act imposes an outright ban on Wall Street practices central to the financial crisis. Unfortunately, the proposal issued today falls well short of what the Volcker Rule could and should achieve. It is too weighted toward preserving bank freedom of action, rather than creating the changes in bank practice and culture required by the statute,” said Lisa Donner, executive director of Americans for Financial Reform. “We strongly urge major improvements in the final rule. The serious and widespread economic pain caused by the failures of our financial system, and the growing expressions of public outrage – with more and more people taking to the streets –help make it clear how important it is to get this right,” she added.