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Category Archives: Financial Reform News
AFR in the News: One Way to Find Out if Mary Jo White is Tough Enough
Litigation Daily’s Susan Beck nudges the probable next SEC chair to take on the rating agencies and their built-in conflict of interest.
Small Businesses Overwhelmingly Back CFPB
84% say they support the consumer Bureau, and most are Republicans in a new poll commissioned by Small Business Majority and sponsored by the Center for Responsible Lending
AFR in the News: Cordray Nomination Shows Consumer Bureau Battle Lines Unmoved
While Republicans threaten to once again insist on weakening changes in the CFPB’s governing structure before considering a nominee for director, Richard Cordray may be winning over some elements of the banking world, according to Bloomberg.
AFR Statement on Nomination of Mary Jo White to Chair SEC
“Wall Street special interests have opposed tough rules every step of the way. We need leadership at the SEC that will resist that pressure and move swiftly forward [to] protect the markets and investors.”
AFR Statement on Re-Nomination of Richard Cordray
“The Senate now has a second chance to confirm this commendable nominee. It should.”
AFR in the News: The Road Forward on Financial Reform
Two and a half years after passage of the Dodd-Frank Act, two-thirds of its mandated rules have yet to be issued, and more than a hundred of its deadlines have been missed, writes Mark Gongloff of the Huffington Post. “Meanwhile, no banker has yet gone
AFR in the News: CFPB Limits Dual-Track Foreclosures
“Mortgage servicers will face greater limits on their ability to foreclose on a borrower while simultaneously negotiating a loan modification under new rules issued by the U.S. Consumer Financial Protection Bureau,” Bloomberg’s Carter Dougherty reports. The new rules “go further” than the bureau’s first proposal
AFR Statement on CFPB Mortgage Servicer Rule
“[W]hile the final rule is an improvement over the proposed rule, it does not go far enough to ensure fair treatment of borrowers. We urge the CFPB to immediately consider improvements, both on its own and through the interagency guidance process.”
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.