Letters and Statements Archives - Page 40 of 48 - Americans for Financial Reform

AFR Statement: The State of Financial Reform

In his final State of the Union address, President Obama reminded the nation that “food stamp recipients didn’t cause the financial crisis; Wall Street recklessness did.” While he did not linger on the subject, the totality of his remarks made a strong case for measures to make the financial system safer and fairer. We agree about the need for such measures, and we laud the progress that has already been made. But, as we enter the final year of this administration, there is more that needs to be done.

AFR Demands Investigation of the New York Federal Reserve Supervision Process

AFR today called on the public to contact their legislator and demand hearings into the recent revelations about the bank supervision process at the NY Federal Reserve. A recent story by NPR and Pro Publica shows a disturbing pattern of deference to regulated banks that Congress should investigate.

AFR Statement on Final SEC Rule on Money Market Funds

AFR issued a statement on the final SEC rule on money market funds. AFR feels that these reforms are inadequate, and encourages the SEC to work with other regulators to address remaining systemic risks related to money market funds.

AFR Statement on Nomination of Sharon Bowen to CFTC

“We are very concerned that [Sharon] Bowen, much like Tim Massad who has been nominated to be Chairman, lacks both significant experience in the derivatives and commodity markets that the CFTC oversees, and any public record as a champion of reform in these markets. We expect that Senators will have many tough questions to ask as they consider the set of CFTC nominations before them in the New Year.”

AFR Statement of Support for “The Wall Street Trading and Speculators Tax Act”

AFR released a statement in support of “The Wall Street Trading and Speculators Tax Act”

AFR Urges Increased Price Competition and Transparency for SEFs

AFR sent a letter to the CFTC Commissioners in support of robust price competition and transparency requirements for Swaps Execution Facilities (SEFs).

AFR Letter Calling for the Confirmation of Richard Cordray as Director of CFPB

AFR sent a letter to members of the Senate urging them to support the confirmation of Richard Cordray as the full term director of the CFPB.

AFR Statement on SEC Consolidated Audit Rule

FOR IMMEDIATE RELEASE: July 12, 2012 CONTACT: Erin Kilroy at 202-466-1885 erin@ourfinancialsecurity.org AFR STATEMENT ON SEC CONSOLIDATED AUDIT TRAIL RULE Washington DC – Americans for Financial Reform, a coalition of more than 250 national, state, and local organizations working together for strong Wall

AFR Statement on Barclay’s LIBOR Manipulation

AFR Statement on Barclay’s LIBOR Manipulation The finding that Barclays manipulated LIBOR rates, as well as the news that other major banks are under investigation for similar actions, is another vivid demonstration of why we cannot trust the banks to govern themselves. These actions demand

AFR Letter: Oppose HR 2308, HR 1838, and HR 3606

AFR sent the following letter to House Financial Services Committee members, expressing concerns about three proposed bills that would undermine transparency and accountability in the financial system.