AFR Backs House Members’ Appeal for a New FHFA Director
Americans for Financial Reform applauds today’s letter from 45 House members calling on the White House to nominate a permanent director of the Federal Housing Finance Agency.
Americans for Financial Reform applauds today’s letter from 45 House members calling on the White House to nominate a permanent director of the Federal Housing Finance Agency.
“Wall Street special interests have opposed tough rules every step of the way. We need leadership at the SEC that will resist that pressure and move swiftly forward [to] protect the markets and investors.”
“The Senate now has a second chance to confirm this commendable nominee. It should.”
“[W]hile the final rule is an improvement over the proposed rule, it does not go far enough to ensure fair treatment of borrowers. We urge the CFPB to immediately consider improvements, both on its own and through the interagency guidance process.”
“[P]ortions of today’s rule should have been stronger, and the CFPB has put one very important question on the table for further comment, creating a risk of further slippage.”
With new rules for mortgage lending and servicing due to be issued soon, the Bureau faces an important opportunity to make the housing market work better for families and communities.
International regulators have “effectively gutted” a requirement that was supposed to provide a crucial protection against financial instability.
“These actions run far too deep and are much too extensive to be written off as the behavior of a few ‘rogue traders.'”
AFR and consumer groups decry a set of weak and flawed FTC rules for used car dealers.
In a press-teleconference this afternoon, Arkansas State Securities Commissioner Heath Abshure, who is also president of the North American Securities Administrators Association, joined three investor advocates in sharply criticizing the Securities and Exchange Commission’s first JOBS Act rulemaking – one that allows the mass marketing