Category Archives: Statements and Press Releases

No Thumbnail

AFR Press Statement: CFTC Position Limit Rule

“Wall Street driven excessive speculation in commodities market has increased prices – and price volatility – for everyday commodities including oil and food. It is costing US consumers hundreds of billions of dollars, driving up costs and uncertainty for producers, holding back economic recovery, and causing increased hunger and privation in the poorest parts of the world.”

No Thumbnail

AFR Press Statement: October 12th House Agriculture Committee Hearing

Today’s House Agriculture committee hearing is a loophole festival for the big swaps dealers. The Committee is considering seven different pieces of legislation. Almost every one of them would carve a significant loophole in the new derivatives protections created by the Dodd Frank Act.

No Thumbnail

AFR Press Statement: Volcker Rule

“The Volcker Rule, with its clear ban on both proprietary trading and conflicts of interest, is one of the short list of places where the Dodd-Frank Act imposes an outright ban on Wall Street practices central to the financial crisis. Unfortunately, the proposal issued today falls well short of what the Volcker Rule could and should achieve. It is too weighted toward preserving bank freedom of action, rather than creating the changes in bank practice and culture required by the statute,” said Lisa Donner, executive director of Americans for Financial Reform. “We strongly urge major improvements in the final rule. The serious and widespread economic pain caused by the failures of our financial system, and the growing expressions of public outrage – with more and more people taking to the streets –help make it clear how important it is to get this right,” she added.

No Thumbnail

AFR Statement on Leaked Details of Volcker Rule

FOR IMMEDIATE RELEASE     DATE: September 19, 2011                                   CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org             AFR Statement on Leaked Details of Volcker Rule Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong

No Thumbnail

AFR Statement on Markup of FY12 Financial Services and General Gov’t Appropriations Bill

FOR IMMEDIATE RELEASE DATE: September 15, 2011            CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org            AFR Statement on Markup of FY12 Financial Services and General Gov’t Appropriations Bill Washington, DC – Americans for Financial Reform, a coalition of more than 250 national, state and local organizations

No Thumbnail

AFR Statement on President’s Speech to Joint Session of Congress

FOR IMMEDIATE RELEASE DATE: September 8, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org             AFR Statement on President’s Speech to Joint Session of Congress Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong

No Thumbnail

AFR Statement on Cordray Nomination Hearing in Senate Banking Committee

FOR IMMEDIATE RELEASE DATE: September 6, 2011                                             CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org             AFR Statement on Cordray Nomination Hearing in Senate Banking Committee Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong

No Thumbnail

AFR Statement on House Passage of H.R. 1315

FOR IMMEDIATE RELEASE    July 21, 2011                                        CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org        AFR Statement on House Passage of H.R. 1315 Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform,

No Thumbnail

New Report Highlights Reasons for New Consumer Protections

FOR IMMEDIATE RELEASE July 21, 2011 CONTACT:  Ed Mierzwinski, U.S. PIRG 202-461-3821 John Carey, AFR, (202) 466-1854    New Report Highlights Reasons for New Consumer Protections Consumer Financial Protection Bureau “Stands Up” Today Washington, DC – The report, entitled “10 Reasons We Need The Consumer