AFR joined more than 40 organizations in sending a letter to President Obama supporting prompt rulemaking to effectively enforce the “gainful employment” requirement for career education programs.
Ignoring the Senate report on JPMorgan’s “London Whale” debacle, House members “take bank contributions and vote to advance a bill that would allow taxpayer bailouts of too big to fail banks.”
The Commodity Futures Trading Commission has decided to exempt so-called inter-affiliate swaps deals from its Dodd-Frank-mandated derivatives rules.
“[I]t has taken federal regulators nearly three years since the passage of Dodd-Frank… to define which nonbank companies, if they were to fail, could threaten the integrity of the country’s financial system.”
Without a neighborhood-by-neighborhood breakdown, “it is impossible to measure the impact of the national mortgage settlement in any meaningful way.”
Congress and the SEC need to stand firm in supporting the common-sense principle that all those providing financial advice to municipalities must put the best interests of taxpayers first.
AFR joined more than 100 public interest groups in sending a letter to the mortgage settlement monitor stressing the need for greater transparency to ensure the effectiveness of this settlement agreement for communities of color and other hardest-hit communities
AFR joined more than 30 national, state, and local public interest groups in urging Treasury Secretary Lew to extend HAMP.
The Agriculture Committee’s bills would “enable public bailouts of swaps dealers, weaken the ability of regulators to control derivatives trading in overseas subsidiaries of Wall Street banks and establish a blanket exemption for derivatives transactions among the thousands of subsidiaries of global banks.”
AFR sent materials to the hill regarding various Senate resolutions and their impact on financial regulation.