New Poll Details Support for Financial Reform
See a detailed slide show of the results of the poll sponsored by AFR, AARP and CRL showing broad support for financial reform here.
Category Archives: Financial Reform News
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – July 23, 2011 – July 29, 2011.
Sen. Brown (D-OH) Supports Nomination of Richard Cordray to head CFPB
Senator Brown’s remarks are below: Mr. BROWN of Ohio: Madam President, as we debate the best way to get our fiscal house in order, we must avoid, first of all, defaulting on our obligations while also working to make our economy stronger. While
AFR to Fed: QM Comment Letter
Read our letter regarding the Fed’s proposed changes to the Truth in Lending Act here.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – July 16, 2011 – July 22, 2011.
AFR Letter Opposing Legislation That Would Weaken the CFPB
AFR sent a letter to members of Congress yesterday regarding a piece of legislation that would threaten the ability of the CFPB to sufficiently protect consumers. If enacted, this bill would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.
10 Reasons We Need the CFPB Now
Read U.S. PIRG and AFR’s issue brief outlining the 10 reasons we need the Consumer Financial Protection Bureau here.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – July 9, 2011 – July 15, 2011.
AFR Prudential Regulators Comment Letter
The prudential regulators’ proposed rules on margin and capital requirements must be strengthened. There are several areas which could be improved upon, particularly the calculation and collection of margin must be improved. The suggested revisions would further help to reduce systemic risk in swaps transactions, which is the ultimate goal of the measures.
AFR to CFTC: Margin and Capital Requirements Comment
The CFTC’s proposed rules on margin and capital requirements must be substantially strengthened. Specifically, the process of collecting margin must be generally improved, both in terms of quantity and quality required. The suggested revisions would not only improve the overall effectiveness of the rules, but also the fairness, as the proposed rules seems to favor swap dealers.