We are deeply disappointed that CFTC Chair Massad has delayed by one year the lowering of the “de minimis” threshold that requires Swap Dealers to register with the Commission. The decision by the Chair means that many derivatives business will continue to operate for two more years without the new oversight Congress mandated they receive.
AFR calls on the Department of Education to inform all enrolled students and those who have recently withdrawn of their right to cancellation of their federal student loans, to vigorously investigate the past misconduct of ITT, and to release any findings publicly.
Speaking in Detroit on August 8, Donald Trump outlined the very broad brushstrokes of an economic plan that included a “temporary moratorium on new agency regulations.” Such a moratorium would block the implementation of crucial Dodd-Frank rules that have yet to be written or put into final effect. It would also slam the brakes on many ongoing efforts to protect American consumers. Proceeding with these much-needed financial regulations is vital not just to the economic security of American families, but also to the economic stability of the country as a whole.
“The financial crisis of 2008 exposed glaring weaknesses not only in the regulations governing Wall Street, but in the institutions charged with writing and enforcing them. It is good news that the Democratic platform includes language highlighting the revolving door and affirming a set of concrete steps to deal with aspects of this problem. It is of the utmost importance that any next president appoint regulators who are willing to stand up to Wall Street in order to stand up for the rest of us,” said Lisa Donner, director of Americans for Financial Reform.”
AFR and 4 other organizations call on the Department of Education to create a system that promotes quality and consistent student loan servicing by ensuring accountability, properly aligning servicer incentives, and creating appropriate standards.
Chicago leaders and national organizations joined together to deliver a petition in which over 80,000 Americans asked the SEC to investigate the toxic swap deals squeezing cities and states across the country.