Access to Consumer Complaints Ensures Accountability
Read the group letter signed by AFR and other consumer and civil rights groups to the CFPB here.
News Category: Press Releases & Statements
AFR Pushes For Tougher “Claw Back” Rules
AFR submitted a comment on rules implementing the “claw back” provisions that permit the FDIC to recoup pay and bonuses from executives of a failed bank that is being resolved under the FDIC’s orderly liquidation authority. AFR favors tougher and more comprehensive claw back rules.
AFR’s Comment Letter on Risk Management Standards for Certain Financial Market Utilities
AFR commented on the Federal Reserve’s proposed rule setting out risk-management standards for systemically significant financial market utilities. Examples of such entities would include major derivatives clearinghouses, key bank payment systems, and repo clearing banks. AFR’s letter urged an increase capital requirements for such entities, more specific risk management standards, and a requirement that key risk assessments be performed by impartial third parties.
AFR Opposes Exempting Derivatives from Regulation
View pdf here. May 20, 2011 Ben Bernanke, Chairman Board of Governors of the Federal Reserve System John Walsh, Acting Comptroller Office of the Comptroller of the Currency Sheila Bair, Chairman Federal Deposit Insurance Corporation John Bowman, Acting Director Office of Thrift Supervision Dear Federal Regulators of the Financial
AFR Bulletin: Attempts to Undermine Dodd-Frank Reforms Mount
Read the pdf here.
AFR Urges Members of Congress to Oppose HR 1573
Read our letter to Congress urging members to oppose H.R. 1573, a bill that would both delay implementation of the derivatives reforms in Title VII of the Dodd-Frank Act and introduce possible new exemptions to those reforms