AFR in the News: “Sideways Attack” on Dodd-Frank
St. Louis Post-Dispatch warns of a “truly awful piece of legislation” that could “sneak through the 112th Congress before it adjourns at year’s end,”
News Category: AFR in the News
AFR in the News: Wall Street Firms Gambled on Mitt Romney and Lost
“Americans blame banks for the 2008 financial crisis, and view financial reform as a way to ensure that bad mortgages and repackaged debt don’t trigger another banking collapse.” That’s one of the clear the lessons of the 2012 elections – and a big problem for lobbyists seeking to roll back the Dodd-Frank financial reform law,
AFR in the News: Financial Regulation Advocates Fighting Bill to Gut Regulatory Agencies
There’s move afoot in the lame-duck Congress to strip power and independence away from financial and other regulators, according to David Dayen of Firedoglake. He’s talking about S 3468, the Independent Regulatory Analysis Act. In the name of more cost-benefit analysis, it would (as AFR says in a letter from which the Firedoglake story quotes at
AFR in the News: FDIC Looks Into Big Banks Making Payday Loans
The Federal Deposit Insurance Corp. is looking into payday loan-like products offered by U.S. Bank, Wells Fargo and other lenders. The inquiry, according to the Portland (Ore.) Business Journal grew out of a February letter in which Americans for Financial Reform and more than 200 co-signing groups urged the FDIC to launch an investigation. In
AFR in the News: Consumer Groups Want Fair Lending Data Added to Mortgage Settlement
“Consumer groups are urging the monitor of the national mortgage settlement to add data on race, ethnicity and geography to determine whether the five largest servicers are offering relief to communities hit hardest by foreclosures,” The American Banker reports. In an Oct. 31 article, The American Banker cites a letter in which AFR’s Foreclosure Working
AFR in the News: Banks Say Regulators Should Rewrite Basel III Capital Rules
In a 181-page letter to federal regulators, the American Bankers Association, the Financial Services Roundtable, and the Securities Industry & Financial Markets Association take aim at a set of proposed rules intended to ensure compliance with new international capital standards. Regulators should have “conducted an empirical study of the impact of the proposals on all