AFR Urges Effective Regulation of International Derivatives
AFR Materials Over the Past Year on the CFTC’s Oversight of International Derivatives
AFR Materials Over the Past Year on the CFTC’s Oversight of International Derivatives
Statement of Privacy and Consumer Groups In Support of CFPB’s Use of Data
Three years after the Dodd-Frank Act, “There is no excuse for further delay… Without cross-border applicability, there is no effective regulation of derivatives.”
AFR joined more than a dozen public interest groups in applauding the recent activities of the CFPB aimed at ending discriminatory lending practices in the auto finance market that harm minority car buyers.
Organizations from across the globe came together in a letter to members of the G20 urging for stronger U.S. action in the derivatives market.
Affidavits from six former Bank of America employees say that the Bank required or incentivized employees to lie, falsify records, and more in order to deny borrowers loan modifications they were entitled to under the Home Affordable Mortgage Program (HAMP), pushing them into foreclosure or
AFR sent letters to members of the House and Senate urging them to support full funding for the CFTC. The CFTC’s role in regulating commodity markets is vital to overall financial stability and cannot do its job without this vital funding.
CFTC chairman Gary Gensler is trying to make sure that banks cannot shield derivatives bets from effective oversight by funneling them overseas.
“Regulators have to get serious about implementing this law,” AFR policy director Marcus Stanley told the Washington Post. “The derivatives market is dominated by insured banks,” which means taxpayers would be on the hook if they ran into trouble, he said.
A Tool for Financial Stability & Economic Recovery Webinar Briefing Sponsored by: AFL-CIO | Americans for Financial Reform | Center for Economic and Policy Research Communications Workers of America | The Main Street Alliance | Public Citizen JUNE 10, 2013 12pm EDT. A Wall Street