Americans for Financial Reform

News Category: Press Releases & Statements

Letter Requesting Withdrawal of Rescission Rule

November 16, 2010 Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, N.W. Washington, D.C. 20551 Re: Withdrawal Request for the Proposed Truth-in-Lending Mortgage Regulations (FRB Docket No. R-1390) Dear Board of Governors: This letter is from individual attorneys who regularly represent low or moderate income homeowners in defense of foreclosures,

What We Need in the Director of the Office of Credit Ratings

Faulty credit ratings played a key role in our nation’s financial meltdown, and now we have chance to ensure that that doesn’t happen again. The Dodd-Frank Wall Street Reform and Consumer Protection Act created the Office of Credit Ratings to improve regulatory oversight on this issue. Americans for Financial Reform are calling on the SEC

AFR Opposes Big Bank Calls for Loopholes in Derivatives Regulation

David A. Stawick, Secretary U.S. Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, N.W. Washington, D.C. 20581 Elizabeth M. Murphy, Secretary U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Interpretation of the Definition of “Commercial Risk” Dear Mr. Stawick and Ms. Murphy, On behalf of Americans for Financial

AFR Letter on Non-Bank Designation

November 5, 2010 Hon. Timothy Geithner, Chairman        Mr. Edward DeMarco, Acting Director Financial Stability Oversight Council             Federal Housing Finance Agency and Secretary of the Treasury                         1700 G Street, NW, 4th Floor 1500 Pennsylvania, Avenue, NW                   Washington, DC 20552 Washington, DC 20520 Hon. Ben Bernanke, Vice Chairman              Hon. Debbie Matz, Chairman Financial Stability Oversight Council            

AFR Letter on the Volcker Rule

Americans for Financial Reform (AFR) November 3, 2010 Hon. Timothy Geithner, Chairman                 Mr. Edward DeMarco, Acting Director Financial Stability Oversight Council             Federal Housing Finance Agency and Secretary of the Treasury                         1700 G Street, NW, 4th Floor 1500 Pennsylvania, Avenue, NW                   Washington, DC 20552 Washington, DC 20520 Hon. Ben Bernanke, Vice Chairman              Hon. Debbie Matz, Chairman