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 Statement Regarding CFTC Guidance On Cross Border Derivatives On Friday June 29th the CFTC released a critical guidance on cross border derivatives transactions. This guidance makes clear the Commission’s intention to ensure that foreign affiliates of U.S. banks comply with the new derivatives protections
For Immediate Release: Contact: Ruth Susswein (301) 718 -2511 ruth.susswein@consumer-action.org Ed Mierzwinski (202) 461-3821 edm@pirg.org Advocates Applaud Consumer Bureau’s New Credit Card Complaint Database Disclosure Policy New database will empower cardholders and hold financial companies accountable Consumer, civil rights and open government groups, all
AFR released a statement applauding the Senate Appropriations Committee’s approval of sorely needed increases in funding for the CFTC and for the SEC.
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.
AFR STATEMENT ON JP MORGAN TRADING LOSSES JP Morgan has just announced that it has taken some $2 billion in losses on its synthetic credit portfolio, with more losses likely in the near future. In case we needed yet another reminder of the need
Americans for Financial Reform hosted a conference call for reporters and bloggers to discuss the impact of Wall Street speculation on gas prices.
Americans for Financial Reform will host a conference call for reporters and bloggers on Today at 12:00 PM EDT to discuss the impact of Wall Street speculation on gas prices. Wall Street gambling is driving up gas prices and putting a strain on the economic recovery and the pocket-books of working families and the middle class.