MetLife CEO Steve Kandarian warns of dire consequences if large insurance companies are designated systemically important and deserving of special oversight. Such a move, he said, “could disrupt an entire industry just as the economy is regaining its footing.”
AFR sent a letter to member of Congress urging them to support full funding for the CFTC. Funding the CFTC is vitally important to enabling it to do its job: protecting the US and global economy through effective oversight of some of the most critical and central areas of our financial markets.
Audio recording of this tele-conference available by calling (605) 562-3099. Reference (call) #6. Enter Access Code 815383#.
AFR sent a letter to the hill opposing HR 797. This legislation represents a major weakening of new protections created by the Dodd-Frank Act to prevent predatory behavior in Wall Street financial dealings with municipalities. These protections are critical to protecting taxpayers and citizens from exploitation.
AFR released a statement in support of “The Wall Street Trading and Speculators Tax Act”
AFR signed onto a letter along with more than 60 organizations supporting “The Wall Street Trading and Speculators Tax Act” sponsored by Senator Harkin and Rep. DeFazio.
AFR sent a letter to the CFTC Commissioners in support of robust price competition and transparency requirements for Swaps Execution Facilities (SEFs).
AFR submitted a comment letter to the CFPB calling for yield spread premiums to be included in the calculation of points-and-fees thresholds. This inclusion is very important to carrying out the Dodd-Frank Act directive that prohibits steering borrowers to more expensive loans.
SEC faulted on proposed capital, margin, and segregation requirements for Security-Based Swap Dealers (“SBSDs”), and capital requirements for Broker Dealers.
Ed Mierzwinski of US PIRG (also the head of AFR”s consumer protection task force) appeared on WBUR-FM with a Washington Post reporter and a Heritage Foundation fellow.