AFR Comment Letter on CFPB Servicing Standards Proposal
AFR submitted a comment letter to the CFPB regarding their servicing standards proposal.
Category Archives: Financial Reform News
AFR and AFL-CIO Oppose Anti-Investor JOBS Act General Solicitation Rule
In a joint comment letter submitted today to the Securities and Exchange Commission, AFR and AFL-CIO expressed strong opposition to the agency’s proposed rule lifting the ban on general solicitation and advertising in private offerings. The groups called on the SEC to withdraw the rule proposal and issue a new rule incorporating reasonable safeguards to protect investors and promote market integrity.
AFR In The News: AFR Supports Strong Fiduciary Duty to Protect Retail Investors
Advisor One covered AFR’s strong support for a retail investor fiduciary duty in a recent Cato Institute event.
AFR In The News: Groups Blast Muni Advisor Bill In Letter To Lawmakers
The Bond Buyer devoted an article to AFR and affiliated groups letter of opposition to HR 2827, which would roll back Dodd-Frank protections for taxpayers in municipal finance. An excerpt: Seven groups, led by Americans for Financial Reform, urged lawmakers to vote “no” to H.R.
AFR in the News: Volcker Rule Still a Hot Topic on Capitol Hill
More than 100 members of Congress have communicated with the Federal Reserve and other regulators about the yet-to-be-finalized Volcker Rule, which is supposed to restrain banks from making risky trades or investing in hedge funds. “The Fed, like all regulators, provides feedback to lawmakers,” Ben
AFR Letter: Safeguard Consumers from Risky Online Payday Lending
[Download PDF] July 24, 2012 The Honorable Jeff Merkley United States Senate Washington, DC 20510 Dear Senator Merkley: We, the undersigned consumer and community organizations, write to support your legislation to protect consumers from high-risk lending on the internet and offline. The Stopping Abuse and
AFR’s Policy Director Discusses the Regulation of Investment Advisers at the Cato Institute
Watch AFR’s Policy Director, Dr. Marcus Stanley, discuss the regulation of investment advisers at the Cato Institute’s “Should Investment Advisers Be Regulated, If So, How?” on the second panel.
AFR Comment Letter: Derivatives Exemption Too Broad
AFR submitted a comment letter opposing the CFTC’s overly broad exemption for derivatives traded between bank affiliates.
AFR in the News: Fiduciary Duty Gets “Swiss-cheesed” by House
Rolling Stone’s Matt Taibbi sees the potential for more Jefferson County-style disasters in H.R. 2827, a “compromise” that sharply reduces the ethical responsibilities of those who sell complex financial products to municipalities.
American Banksters
For those who have forgotten (or never fully understood) the tawdry details of the housing bubble and foreclosure epidemic, the Opportunity Agenda breaks it all down in “American Banksters.” This three-minute video aims to inspire public activism and help bring pressure upon the presidential candidates