A pay-up and shut-up deal for the banks By Philip Stephens Published: January 31 2011 19:50 | Last updated: January 31 2011 19:50 It is time to make Britain’s banks an offer they cannot refuse. Politicians, regulators and the media promise to shut up about seven-figure bonuses and opulent lifestyles; in return the banks agree
Halfway to the CFPB: An AFR Progress Report on “Standing Up” the New Consumer Financial Protection Bureau Summary: CFPB Implementation Team staff are making significant progress in their efforts to both build an effective agency and be ready to perform required functions by the transfer date (July 21, 2011). Based on our analysis of several
Read our PDF Version Here EXECUTIVE ACTIONS TO PREVENT AVOIDABLE FORECLOSURES AND BOOST THE ECONOMY Servicers should be required to make cost effective loan modifications and these should include principal reductions. When a loan modification will produce a greater or equal return for an investor than foreclosure, loan servicers should be required to make the
“In-Laws and Outlaws” Remarks of Commissioner Bart Chilton of the Commodity Futures Trading Commission to Americans for Financial Reform December 14, 2010 Thanks for the opportunity to be with you today to talk about something I know has been on your minds for a long time—and mine too—speculative position limits in commodities. In the last
Dear Colleagues, The National Community Reinvestment Coalition has filed twenty two fair lending complaints to the United States Department of Housing & Urban Development Office of Fair Housing & Equal Opportunity challenging FHA lenders discriminatory policies and practices that prohibits people of color and credit worthy Americans from accessing decent and affordable mortgages and refinances
View the PDF version here ——————————————————————————————————————————– Americans for Financial Reform 1629 K St NW, 10th Floor, Washington, DC, 20006 202.601.0438 February 10th. 2011 The Honorable Timothy Geithner Secretary United States Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 CC: Chairman Gary Gensler, Commodity Futures Trading Commission CC: Chairman Mary L. Schapiro, U.S.