Tuesday Mar. 20: Capitol Hill briefing sponsored by Americans for Financial Reform, Center for Responsible Lending, Consumers for Auto Reliability and Safety, NAACP, National Association of Consumer Advocates, National Consumer Law Center and National Council of La Raza.
Nineteen members of Congress, led by Barney Frank, a lead author of the Dodd-Frank Act, filed the amicus brief linked below speaking out against the efforts of major Wall Street derivatives dealers to overturn key Dodd-Frank derivatives rules. The brief was drafted by former Just pictured at It quality kamagra 100mg AC another take difficult
Six weeks ago, the Commodity Futures Commission issued a staff letter granting temporary permission for U.S. derivatives to be traded on certain European trading platforms that are not compliant with Dodd-Frank rules on transparent derivatives trading. This temporary permission for rules-free trading was only granted through March 24th, after which time European trading platforms were
The National Review’s Reihan Salam examines the case for stronger regulation of nonbanks and “market-based financing,” and the political power of those, like the Blackstone Group’s Tony James, who are trying to convince the Obama administration to go slow. Salam expresses an “ideological bias” in favor of James’ position, while acknowledging the “serious and interesting” counter-arguments of AFR’s Marcus Stanley.
AFR and more than 15 consumer organizations submitted a letter to the CFPB calling for stronger obligations on debt collectors and creditors, including in particular requirements that they actually have and maintain accurate records of debts, and that they cannot collect without real documentation that people owe and how much, limits on contacts with borrowers, and an end to harassment threatening conduct, including manipulation of credit reporting.
AFR joined the AFL-CIO and more than 40 organizations in sending a letter to the U.S. Trade Representative calling for a public consultation process to review and revise the “investor-state dispute settlement” (ISDS) process. This flawed process grants special legal rights and privileges to foreign-based business interests.