Monthly Archives: December 2014

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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.”

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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