AFR submitted a comment letter urging the CFPB to thoroughly examine debt collectors and credit bureaus who affect millions of consumers. Supervision of debt collectors and credit bureaus enables the CFPB to detect problems early, prevent or resolve violations quickly, and have a better understanding of the consumer products and services it regulates.
AFR sent a letter to the SEC and CFTC urging them to hold the line on their definition of swap dealer and not to radically change it.
Have you – or others you know – been charged an overdraft fee on your checking account? Is it unclear what the costs and benefits of overdraft systems are? Or what are the alternatives? Well, the Consumer Financial Protection Bureau (CFPB) wants to hear from you. The CFPB has launched an inquiry into checking account
AFR sent a letter to the House urging members to oppose HR 3527, which would create unnecessary roadblocks to enforcement of derivatives oversight on big Wall Street banks and the financial services industry.
Click here to view this week’s highlights and lowlights in Wall Street Reform – March 24, 2012 – March, 30, 2012. Please note: Compiling and distributing ‘This Week in Wall Street Reform’ will be in a period of transition in the coming weeks, so please bear with us.
AFR sent a letter to the House voicing our strong opposition to HR 2586, the “Swaps Execution Facility Clarification Act”. HR 2586 would undermine a key element of derivatives reform – the attempt to create transparent, competitive markets for previously ‘dark’ over-the-counter (OTC) derivatives.