AFR Statement Urges Senate to Confirm Cordray as Director of CFPB
AFR released a statement calling for the confirmation of Richard Cordray as Director of the CFPB.
Category Archives: Financial Reform News
Public Interest Groups Support Confirmation of Richard Cordray as Director of CFPB
AFR signed onto a letter with national and statewide public interest groups supporting the confirmation of Richard Cordray as Director of the CFPB.
AFR in the News: Advocates and Independent Advisors Stand Up for Fiduciary Duty
The Bond Buyer reports on resistance to House legislation that would “let big banks and swap dealers escape Dodd-Frank’s fiduciary duty provision,” relieving them of any duty to “put clients’ interests ahead of their own.”
AFR in the News: Don’t Call Us Systemically Important, Says MetLife
MetLife CEO Steve Kandarian warns of dire consequences if large insurance companies are designated systemically important and deserving of special oversight. Such a move, he said, “could disrupt an entire industry just as the economy is regaining its footing.”
AFR Urges Increased Price Competition and Transparency for SEFs
AFR sent a letter to the CFTC Commissioners in support of robust price competition and transparency requirements for Swaps Execution Facilities (SEFs).
AFR in the News: NPR’s “On Point” Examines CFPB Battle
Ed Mierzwinski of US PIRG (also the head of AFR”s consumer protection task force) appeared on WBUR-FM with a Washington Post reporter and a Heritage Foundation fellow.
AFR Applauds 54 Senators for Standing Up to Pressure to Weaken the CFPB
Senate leaders take a clear stand against the threat of what one Congressional scholar has termed modern-day nullification.
Credit Reports Riddled With Errors, FTC Confirms
“These findings of widespread and damaging errors… underscore once again how important the [CFPB] is, and how important it is for the Senate to confirm Richard Cordray as Director.”
Dangerous Liaisons: POGO Report Examines the SEC’s Revolving Door
View or download PDF. “Former employees of the Securities and Exchange Commission (SEC) routinely help corporations try to influence SEC rulemaking, counter the agency’s investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law.”
Tell the Senate to Confirm Richard Cordray and Let the CFPB Do Its Job
Another battle is brewing over the Consumer Financial Protection Bureau. President Obama has renominated Richard Cordray as director, but 43 Senators have threatened to once again block his appointment unless the agency is dramatically weakened. Make no mistake: what we’re facing is an attempt to