Category Archives: AFR in the News

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Fraud Concerns Raised by Fed Proposal to Reduce Check Hold Times

Fraud Concerns Raised by Fed Proposal to Reduce Check Hold Times Claude R. Marx (Credit Union Times) June 15, 2011 “…The proposed rule, which increases next business day availability for certain funds and would reduce the time financial institutions could hold payment on checks they

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House committee votes to slash CFPB funding

House committee votes to slash CFPB funding Jon Prior (Housing Wire) June 23, 2011 “Lisa Donner, executive director of the consumer group Americans for Financial Reform, said the bill undermines the independence of the CFPB. ‘They are trying to turn the CFPB into a weak

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Lawmakers Challenge Derivatives Rules

Lawmakers Challenge Derivatives Rules Ben Protess (NYT/Dealbook) June 23, 2011 “A growing number of lawmakers are pressuring regulators to water down a series of new rules for the derivatives industry. The lawmakers, Republicans and Democrats alike, argue that some proposed rules could force Wall Street’s

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New York Times: Nearly a Year After Dodd-Frank

Nearly a Year After Dodd-Frank New York Times editorial June 13, 2011 “Without strong leaders at the top of the nation’s financial regulatory agencies, the Dodd-Frank financial reform doesn’t have a chance. Whether it is protecting consumers against abusive lending, reforming the mortgage market or

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This Week in Wall Street Reform

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The Warren Court

The New Yorker The Financial Page by James Surowiecki June 13, 2011   “Elizabeth Warren may well be the most popular person in Washington. When she was head of the Congressional Oversight Panel on TARP, her willingness to go after Wall Street, the Treasury Department,

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One Arm Tied Behind Your Back Is No Way to Fight Financial Crime

By: Janis Bowdler, Director, Wealth-Building Policy Project, NCLR Channel: Economics, Social Univision News Tumblr “Being a consumer of financial products isn’t easy these days. Fine print, changing technology, and “gotcha” fees are enough to make you put your money back under the mattress, but that