In a major victory for investors, SEC Chairman confirmed earlier today that the Commission was changing course and would follow the traditional rulemaking procedures – proposing a rule and offering an opportunity for public comment – before lifting the solicitation ban.
AFR issued a press statement urging the SEC to abandone its rushed JOBS Act Rulemaking, which could put investors at risk.
FOR IMMEDIATE RELEASE CONTACT: Jim Lardner at 202-466-1854 Jim@ourfinancialsecurity.org The Consumer Financial Protection Bureau has moved forward with important protections for consumers who send money to relatives and friends overseas. Under the terms
Consumer advocates, civil rights groups, and community organizations across the country urged the Consumer Financial Protection Bureau to ban overdraft fees and payday loans on prepaid cards in numerous comments filed with the Bureau yesterday.
AFR released a statement regarding the approval of new derivatives rules by the CFTC and the SEC.
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