AFR in the News: Senate Slows Down Controversial Cost-Benefit Analysis Bill
Facing wide criticism, Senate homeland security committee drops plan for a markup, promises to hold a hearing instead.
Category Archives: AFR in the News
AFR in the News: Senate Delays Vote on Bill to Slow Down Financial Rulemaking
“Financial reformers have won a small battle in their fight with Wall Street over financial regulation,” Huffington Post reports.
AFR in the News: “Sideways Attack” on Dodd-Frank
St. Louis Post-Dispatch warns of a “truly awful piece of legislation” that could “sneak through the 112th Congress before it adjourns at year’s end,”
AFR in the News: FDIC Looks Into Big Banks Making Payday Loans
The Federal Deposit Insurance Corp. is looking into payday loan-like products offered by U.S. Bank, Wells Fargo and other lenders. The inquiry, according to the Portland (Ore.) Business Journal grew out of a February letter in which Americans for Financial Reform and more than 200
AFR in the News: Consumer Groups Want Fair Lending Data Added to Mortgage Settlement
“Consumer groups are urging the monitor of the national mortgage settlement to add data on race, ethnicity and geography to determine whether the five largest servicers are offering relief to communities hit hardest by foreclosures,” The American Banker reports. In an Oct. 31 article, The
AFR in the News: Banks Say Regulators Should Rewrite Basel III Capital Rules
In a 181-page letter to federal regulators, the American Bankers Association, the Financial Services Roundtable, and the Securities Industry & Financial Markets Association take aim at a set of proposed rules intended to ensure compliance with new international capital standards. Regulators should have “conducted an
AFR in the News: After House Bill, Some Fear Holes in Muni Protections
“A lobbying campaign by the securities industry threatens to water down a U.S. financial reform measure that was supposed to protect American states, towns and cities from being taken for a ride by financial advisors,” Karen Brettell of Reuters reports. Under pressure from House Republicans,
AFR in the News: Financial Watchdog Braces for Election
The Consumer Financial Protection Bureau won’t be on the ballot next month. Just the same, its continued vitality, if not its very existence, could turn out to rest on the election outcome, according to Janna Herron of Fox Business. “The bureau has quickly become the
AFR in the News: Consumer Complaint Database Producing Results
Commerce Bank hiked the interest rate on Mira Tanna’s credit card to 20 percent – without telling her. Once she figured out what the bank had done, realized what happened, Tanna decided to make use of the Consumer Financial Protection Bureau’s new online complaint database,
AFR in the News: Rigged Libor Costs States & Localities $6 Billion
“The Libor bid-rigging scandal is poised to more than double the losses suffered by U.S. states and localities that bought $500 billion in interest-rate swaps before the financial crisis,” according to Bloomberg News (Oct. 9). “Manipulation of the London interbank offered rate cost issuers in