Cracks in the Pipeline: New Demos report documents growth of financial economy at real economy’s expense
New Demos report documents the swollen growth of the financial economy at the expense of the real economy.
News Category: Press Releases & Statements
News Release: Federal Trade Commission Fails to Protect Used Car Buyers
AFR and consumer groups decry a set of weak and flawed FTC rules for used car dealers.
AFR Analysis of SEC Memo on Exchange-Traded Funds Linked to Copper
SEC staff memo is faulted for ignoring significant issues and overlooking evidence pointing to the price impacts of copper-supply hoarding.
Big Banks, Bigger Fees
PIRG’s new national survey shows bigger banks are more likely to charge for checking accounts. And fewer than half of all bank branches readily disclose fees, as the law requires.
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