The Securities and Exchange Commission (SEC) approved a new standard from the Public Company Accounting Oversight Board (PCAOB) that clarifies the “General Responsibilities” of an auditor in conducting a public company audit. AFREF and Public Citizen submitted a comment to the PCAOB on the proposed standard.
Americans for Financial Reform joined Sen. Elizabeth Warren and other coalition members on the steps of the Supreme Court Thursday to celebrate the Court’s favorable ruling in CFPB vs. CFSA, a case in which the payday lending lobby, with the support of Wall Street, sought to destroy the funding mechanism of the Consumer Financial Protection Bureau.
AFR’s Advocacy and Legislative Director Renita Marcellin testified before the NY State Senate Standing Committee on Banks.
AFREF and Demand Progress Education Fund attended a meeting of the Market Risk Advisory Committee for the Commodity Futures Trading Commission. There, AFREF/DPEF staff gave remarks on digital assets, including recommendations to the Committee regarding research and analysis into proper regulatory oversight of the digital assets sector. Recommendations included research into cybersecurity risks associated with crypto platforms and crypto derivatives, as well as a review of due diligence processes conducted by the CFTC and other regulators when CFTC registered entities involved in digital assets are acquired by another firm.
AFR’s Advocacy and Legislative Director Renita Marcellin testified before the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on revamping and revitalizing banking in the 21st Century.
AFREF’s Consumer Policy Counsel Elyse Hicks testified at the Education Department’s negotiated rulemaking.
As the COVID-19 crisis unfolds we are seeing major shifts in all areas of the economy. In a series of interviews we ask experts what they are seeing from the private equity industry and what they expect moving forward.
Additional information about this meeting is available here.