December 2014 - Page 2 of 2 - Americans for Financial Reform

Joint Statement: Europe is Moving Ahead; Now It’s America’s Turn to Tax Wall Street Trades

The U.S. should follow the lead of 10 European countries that are working out the details of a planned financial transaction tax, Public Citizen, Americans for Financial Reform and Stamp Out Poverty said today. “A transaction tax can raise significant revenue, cut down on dangerous high-frequency trading, and incentivize Wall Street to serve real economic needs,” AFR’s Jim Lardner said. “It is time for the U.S. to get on board.”

Conference: Managing the Economy – The Federal Reserve, Wall Street and Main Street

This conference, co-sponsored by Americans for Financial Reform, the Economic Policy Institute and the Roosevelt Institute, featured keynote speeches by Senator Elizabeth Warren and economist and N.Y. Times columnist Paul Krugman.

Joint Letter: CFPB Moves Forward on Nonbank Auto Lending

“Supervision of nonbank auto financial institutions will bring much-needed attention to otherwise
lightly-regulated companies, will ensure compliance with consumer financial laws, and will
ensure that auto financing by banks, already subject to CFPB supervision, is not at a competitive
disadvantage.”

AFR Comment Letter: AFR calls on CFTC to Require Margin for Derivatives

AFR calls on CFTC to require margin for derivatives.

AFR Letter to Congress: AFR Opposes HR 5471, Expanding Exemptions To Derivatives Rules

AFR sent a letter to members of Congress urging them to oppose HR 5471. This legislation would amend the Dodd-Frank Act to expand exemptions from derivatives clearing requirements for financial affiliates of commercial entities.