Dear Chairman Dodd and Senator Shelby: The signatories below, representing socially responsible and sustainable investors, are writing to reiterate our support for an independent and robust Consumer Financial Protection Agency (CFPA), as proposed in the draft “Restoring American Financial Stability Act of 2009,” released in mid-November. Socially responsible investors (SRI) use capital to promote clear
February 1, 2010 The Honorable Christopher J. Dodd The Honorable Richard C. Shelby The Honorable Robert P. Corker The Honorable Mark R. Warner Mr. Michael S. Barr Dear Chairman Dodd, We, the organizations comprising Americans for Financial Reform (AFR), are writing to convey our views on the creation of a sound and functional resolution authority.
February 1, 2010 The Honorable Christopher Dodd Chairman Senate Committee on Banking, Housing and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Senator Dodd: We are writing today to convey our strong support for comprehensive regulatory reform, and to reaffirm our view that reform must include certain crucial elements. We look forward
Paul Volcker, Chairman of the president’s Economic Recovery Advisory Board and former Federal Reserve Chairman, published this op-ed in the New York Times. Here are excerpts: The phrase “too big to fail” has entered into our everyday vocabulary. It carries the implication that really large, complex and highly interconnected financial institutions can count on public
Reuters reports: Reforming the $450 trillion derivatives market is key to removing the risks of financial markets, and greater central clearing of privately traded derivatives is a vital part of that, the head of the Commodities Futures Trading Commission said on Friday. Central clearing, in which a counterparty stands between two trading partners and guarantees
Lake Research Partners has put out this memo in response to Frank Luntz’s anti-reform memo, which AFR’s Heather Booth blogged about here. This latest memo details how financial reform advocates should frame the conversation about financial reform in order to effectively rein in the greedy, reckless lending on Wall Street. Click here for the full