Category Archives: AFR in the News

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AFR in the News: Key Senate Vote for Cordray Confirmation

By 71 to 29, the Senate has agreed to end debate and allow a vote on the nomination of Richard Cordray as director of the Consumer Financial Protection Bureau. That vote “will remove the threat of legal challenges to the bureau’s rules and enforcement actions,” Bloomberg reports.

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AFR in the News: Derivatives Make a Worrisome Comeback

“Regulators have to get serious about implementing this law,” AFR policy director Marcus Stanley told the Washington Post. “The derivatives market is dominated by insured banks,” which means taxpayers would be on the hook if they ran into trouble, he said.

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AFR in the News: Who Killed Financial Reform?

“We expected that it would be hard to keep what we’d won and do more going forward,” AFR’s Lisa Donner tells USA Today. “It’s been slower and harder than we’d hoped.”

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AFR in the News: House Derivatives Bills Challenged

Banks could “take exotic swap dealings and put them inside the public safety net, and we could all get stuck bailing these guys out like we did in 2008,” AFR policy director Marcus Stanley told the Washington Post.

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AFR in the News: Getting Specific on Capital Requirements

The Dodd-Frank Act, Mike Konczal points out on washingtonpost.com (5/6/13), left it to regulators to decide how much capital banks must set aside. And U.S. regulators have ceded much of the task to the international panel of bank overseers working on the standards known as