AFR Opposes the DeMint Amendment to Repeal the Dodd-Frank Consumer Protection Act
Read our letter here.
News Category: Press Releases & Statements
Call Your Senators Right Now
Senators could be voting today on proposals to gut the CFPB and to repeal ALL of the progress we made on financial reform. In a last minute development, opponents of financial reform are pushing for votes TODAY on amendments to gut the new Consumer Financial Protection Bureau (CFPB) (#391 – Moran), and to repeal the
Sign Our Petition to President Obama: Nominate Elizabeth Warren to Lead the CFPB
A big reason why we have suffered through the financial crisis and Great Recession is that banking regulatory agencies were looking out for short-term profits at big banks – not looking out for consumers, investors or economic stability. The American public wants and needs an effective Consumer Financial Protection Bureau (CFPB) to prevent rip-off financial
AFR Opposes the Moran and DeMint Amendments to Weaken the CFPB and Wall Street Reform
Read our letter here.
Oppose Moran (#391) To Gut CFPB; Oppose DeMint (#394) To Repeal All of Dodd-Frank
Read our letter to Senators urging them to oppose the Moran amendment (#391) to gut the CFPB and oppose DeMint the amendment (#394) to repeal all of Dodd-Frank to Economic Development Revitalization Act, S. 782.
AFR Opposes Exempting Forex Swaps and Forwards from Clearing and Exchange Requirements
AFR submitted a joint comment with Professor Michael Greenberger of the University of Maryland on Treasury proposal to exempt foreign exchange swaps and forwards from clearing and exchange trading requirements under Dodd-Frank. The letter pointed out that Treasury had not provided any evidence supporting its case that foreign exchange derivatives did not pose systemic risk, and in fact there is very strong evidence from the 2008 financial crisis and today that they do pose such risks.