Study finds financial speculation in oil led to higher gasoline prices Dennis Sadowski (Catholic News Service) June 30, 2011 ―Excessive speculation in crude oil futures on the part of financial traders added 83 cents to the cost of a gallon of gasoline in May, two
Drivers could have saved $41 on gas – Wall Street speculation being blamed for prices Shannon Halligan (22 News – Springfield, MA) June 29, 2011 ―A new report out says gas prices could have been 83 cents lower last month. Gas prices topped off at
Speculation Adds 83 Cents A Gallon to Gas Prices at the Pump Jonathan Fox (CALPIRG) June 28, 2011 ―CALPIRG, a statewide consumer advocacy organization I work for, just released a new report entitled “How Speculation is Driving Up Gasoline Prices Today”. The report was authored
Kansas City Fed’s Hoenig Wants Aid For Manufacturers Over Banks Maya Jackson Randall (Automated Trader) June 28, 2011 ―Federal Reserve Bank of Kansas City President Thomas Hoenig, along with other panel members at a conference Tuesday, argued that U.S. policies have tended to boost Wall
The Consumer Financial Protection Bureau: Not Yet Open and Already Under Attack Marlys Harris (MarketWatch) June 25, 2011 ―The other day, Bloomberg Businessweek reported that the Center for Responsible Lending had spent$96.000 on lobbying in the first quarter of 2011 compared with $130,000 in the
Click here to view this week’s highlights and lowlights in Wall Street Reform – June 18, 2011 – June 24, 2011.
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
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
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
FOR IMMEDIATE RELEASE June 28, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org *** Conference Call Briefing *** Local Organizations Release New Report, Call on Regulators to Stop Speculation Now Washington, DC – Americans for Financial Reform (AFR) will host a conference call with reporters and