AFR in the News: No Get Out of Jail Free Card for Unaffordable Loans
AFR Executive Director Lisa Donner talks to NPR about the importance of holding mortgage lenders accountable for unaffordable loans.
Category Archives: AFR in the News
AFR in the News: CFPB Readies New Mortgage Rules as Banks Seek More Time
The rules… are “likely to resemble” an October draft that “extended a legal safe harbor to loans issued at prime interest rates to borrowers whose total debt-to-income ratio doesn’t exceed 43 percent.”
JP Morgan Gets a Big Holiday Gift From the SEC
Fund backed by physical copper “effectively creates a corner on the market,” AFR’s Marcus Stanley tells The New Republic.
AFR in the News: Dodd-Frank “Tweaks” Questioned
Industry leaders and their political allies are seeking broad changes in the guise of “technical fixes,” says AFR’s Lisa Donner.
AFR in the News: Treasury Department Under Fire for Swaps Decision
Treasury, says AFR’s Marcus Stanley, has decided to exempt “a significant derivatives market from key Dodd-Frank reforms meant to protect the public from financial instability.”
AFR in the News: Responding to George Will’s Attack on the CFPB
“It was created… to protect families and the market from dangerous or explosive loans, the same way the Consumer Product Safety Commission protects against explosive toasters.”
AFR in the News: SEC Faulted on Analysis of Copper ETFs
“What alarms me most,” says MIT’s John Parsons, “is the narrow scope of the questions that the Staff posed, even had they bothered to do a thorough analysis of those questions.”
SEC Officials Raise Concerns About Lifting Advertising Ban
Additional investor safeguards should be considered, say two of the five SEC commissioners.
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.
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.