AFR in the News: Fledgling Consumer Bureau Branches Out
Under huge pressure and intense scrutiny, the CFPB’s “execution has been pretty darned good,” says AFR ‘s Lisa Donner..
Category Archives: Financial Reform News
17,000 Call for No Offshore End-Run Around Derivatives Reform
Public Citizen and Americans for Financial Reform today delivered petitions signed by more than 17,000 people calling on the CFTC to stand firm in applying derivative standards to all the dealings of U.S. banks and their overseas subsidiaries.
AFR Statement on House Swaps Bills
“Last week’s Senate report on JPMorgan Chase’s ‘London Whale’ trades should have redoubled Washington’s resolve to carry out the basic derivatives safety measures of Dodd-Frank. But too many members of the House Agriculture Committee seem to have their heads buried in the sand.”
Fair Housing Letter to Mortgage Settlement Monitor
March 27, 2013 Joseph A. Smith Office of Mortgage Settlement Oversight 301 Fayetteville St., Suite 1801 Raleigh, NC 27601 Members of the Monitoring Committee Via electronic mail Dear Mr. Smith and Members of the Monitoring Committee: We write to follow up on your interim report
Labor, Civil Rights, Consumer, and Business Leaders Call for Cordray Confirmation
43 Senators are using the confirmation process to extract major, weakening changes in CFPB governance and funding. “We call on the Senate to reject this outrageous tactic and bring Richard Cordray’s nomination to a swift up-or-down vote.”
AFR Statement on Banking Committee Vote for Cordray
“For the economy’s sake as well as the sake of financial consumers – which is all of us – the country needs a fully functioning CFPB, with a confirmed director.”
“London Whale” Report Underscores Need for Derivatives Reform and a Strong Volcker Rule
With too many in Washington once again echoing the “What’s good for us is good for America” mantra of Wall Street, the Senate’s new findings should shred any argument for retreat from key reforms.
Wallace Turbeville Testimony Before House Agriculture Committee Opposes Harmful Deregulation Bills
Wallace Turbeville, Senior Fellow at Demos and member of AFR, testified before the House Agriculture Committee voicing AFR’s opposition to legislation that would significantly alter the Dodd-Frank Act in ways that effectively deregulate the financial sector and work against the goals of a safer, more stable, and more fair and efficient financial system.
AFR in the News: Does More Need to be Done About ‘Too Big To Fail?’
AFR’s Marcus Stanley was interviewed by Peter Barnes of Fox Business News on March 11.
AFR Urges Regulators to Push Back on Payday Lending
AFR signed onto a letter with more than 270 national, state and local groups, as well as concerned individuals to urge regulators to ensure that banks cease to offer payday loans and to prohibit any expansion of these dangerous loans.