AFR sent a letter to SEC Chairman, Mary Schapiro indicating our objection to the SEC’s decision to delay implementation of Section IX of Dodd-Frank. This will result in the delay of corporate governance and executive compensation reforms necessary to the public interest.
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 14, 2012 – January 20, 2012.
The Volcker Rule and Market Liquidity The Volcker Rule will restrict banks’ ability to speculate in financial markets. Recently, critics of the rule have claimed that it will lead to declines in market liquidity that will have serious economic effects. A new industry-funded study from
Read Wallace Turbeville’s testimony at the House Financial Services hearing on “Examining the Impact of the Volcker Rule on Markets, Businesses, Investors and Job Creation” here.
Read the pdf of our comment letter to the CFPB regarding private student loans here. January 17, 2012 Ms. Monica Jackson Office of the Executive Secretary Consumer Financial Protection Bureau 1500 Pennsylvania Ave., NW (Attn: 1801 L
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 7, 2012 – January 13, 2012.
Read the letter that AFR signed onto, urging the OCC to withdraw proposed bank payday and overdraft guidance here.
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 2, 2012 – January 6, 2012 (also with news from the end of 2011).
AFR joined Appleseed and the National Consumer Law Center in urging that the CFPB’s Final Regulations on remittances must deliver on Dodd-Frank’s promise of the new consumer protections and disclosures to protect people sending money overseas.
AFR submitted a regulatory comment letter to the Financial Stability Oversight Council (FSOC) supporting broad authorization for designation of nonbank financial companies that could pose a threat to the financial system.