Financial Regulation Lags After Dodd-Frank Fox Business July 25, 2011 — Several new financial regulations that cover the mortgage market, the epicenter of the financial crisis, were among the first to undergo rule-making. Mortgage originators now must make sure that a borrower has the ability
Financial Reform, One Year Later Michael Krasny (KQED – San Francisco) July 25, 2011 ―Lax investment regulations and bad home loans are blamed for sparking the nation’s deepest recession in decades. In response, lawmakers Barney Frank, Chris Dodd and others introduced the Dodd-Frank Wall Street
Read our letter regarding the Fed’s proposed changes to the Truth in Lending Act here.
Click here to view this week’s highlights and lowlights in Wall Street Reform – July 16, 2011 – July 22, 2011.
FOR IMMEDIATE RELEASE July 21, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on House Passage of H.R. 1315 Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform,
Dodd-Frank Can’t Be the End of the Story New Deal2.0 (Roosevelt Institute) July 21, 2011 ―One year after the passage of Dodd-Frank, Roosevelt Institute Fellow Mike Konczal invited experts and those on the front lines to weigh in on what‘s happened so far and what‘s
Consumer Bureau Finds Support on Its First Day Ben Protess (NYT/Dealbook) July 21, 2011 The Consumer Financial Protection Bureau formally opened for business on Thursday, much to the consternation of Congressional Republicans. But as conservative lawmakers step up their attacks on the new regulator, aiming
Editorial – Consumer watchdog Toledo Blade editorial July 21, 2011 ―The choice of former Attorney General Richard Cordray to head the federal Consumer Financial Protection Bureau could add some bite to President Obama’s promise to protect consumers against unscrupulous lenders. That is, unless Senate Republicans
Dodd-Frank rules slowly kick into consumers’ lives Dorothy Zhang (Medill News Service) July 21, 2011 ―The Dodd-Frank law is slowly kicking into U.S. consumers‘ lives, one year after the most sweeping U.S. financial regulation since the Great Depression was enacted. … The cap on swipe
AFR sent a letter to members of Congress yesterday regarding a piece of legislation that would threaten the ability of the CFPB to sufficiently protect consumers. If enacted, this bill would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.