AFR Press Advisory/Press Briefing: JP Morgan Losses – ‘Hedging’, Derivatives, and Financial Regulation
AFR released a press advisory regarding a press call regarding JP Morgan’s $2 billion loss.
Category Archives: In the News
NYTimes: A Secretive Banking Elite Rules Trading in Derivatives
by Louise Story December 11, 2010 “On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives,
LA Times: Homeowners deserve more than halfhearted mortgage relief
Michael Hiltzik June 28, 2011 “Almost anywhere you look, assessments of the state of the economic recovery are muddled — job growth is positive but fading, consumer spending ebbs and flows, corporate profits are surging but corporate spending is not. The exception is housing, on
NYTimes: In U.S. Monetary Policy, a Boon to Banks
June 29, 2011 By Jesse Eisinger, Propublica “The most pronounced development in banking today is that executives have become bolder as their business has gotten worse. The economy is clearly weaker than expected, and housing prices are falling throughout the land, eroding bank asset values.
Huffington Post: The Bankers Who Cried Wolf
Read today’s article from The Huffington Post about Wall Street opposition to financial reform here.
Consumer Federation of America Press Release: Don’t Handcuff the CFPB
View the press release in pdf form here. FOR IMMEDIATE RELEASE: CONTACT: May 4, 2011 Travis Plunkett, 202-939-1004 Jack Gills, 202-737-0766 HOUSE MOVES TO HANDCUFF NEW CONSUMER FINANCIAL AGENCY –Legislation Will Give Discredited Banking Regulators Vast Power to Block Needed Protections– The Consumer Federation of
Members of Congress Urge AG’s to Consider AFR’s Concerns in Foreclosure Settlement Talks
CONGRESS OF THE UNITED STATES HOUSE OF REPRESENTATIVES WASHINGTON, D.C. 20515 Members of Congress Urge Justice Department and State Attorneys General to Protect Victims of Improper Foreclosures Members request assistance in shielding American consumers from mortgage servicers engaged in fraud around foreclosure crisis FOR IMMEDIATE
New York Times Editorial: Who Will Rescue Financial Reform?
March 27, 2011 Who Will Rescue Financial Reform? In what passes for self-restraint these days, House Republicans have been insisting that they do not intend to repeal last year’s Dodd-Frank financial reform law. Not in one fell swoop, anyway. A direct assault on Dodd-Frank would
Op-Ed: The Right Choice to Head Consumer Protection Bureau
Jon Green, the Executive Director of the Connecticut Working Families Party, wrote an Op-Ed supporting Elizabeth Warren. It was recently published in the Hartford Courant. Click here to read the original letter. I hope Sen. Christopher Dodd read the Aug. 27 editorial “Hire A Real
NCLC Analyzes the Dodd-Frank Financial Reform Bill
The National Consumer Law Center has just released a special 8 page issue of NCLC REPORTS analyzing the consumer law implications of the just-enacted Dodd-Frank Wall Street and Consumer Protection Act. The article includes an overview of the Consumer Financial Protection Bureau as well as