In the new political environment, it is likely that there will be a heavy emphasis on the capital formation mission of the SEC. The IAC should play a critical role in reminding the Commission that investor protection is crucial to stable and effective capital formation. …Improving financial entity disclosures is crucial if we are to improve market discipline for large financial entities and investor discipline for funds.
FOR IMMEDIATE RELEASE: June 7, 2012 CONTACT: Erin Kilroy at 202-466-1885 erin@ourfinancialsecurity.org AFR Statement on ReFund Transit Coalition’s Swaps Report, “Riding the Gravy Train” Washington DC – This report does a valuable service in documenting $529 million in annual swaps payments being made by
AFR released a statement on the JP Morgan losses, global derivatives regulation, and the speech by Gary Gensler at the Financial Industry Regulatory Authority (FINRA.)
AFR released a press advisory regarding a press call regarding JP Morgan’s $2 billion loss.
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,
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
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.
Read today’s article from The Huffington Post about Wall Street opposition to financial reform here.
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
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