AFR sent a letter to members of Congress urging them to oppose HR 1256. This legislation would seriously undermine the CFTC’s efforts to properly regulate extraterritorial derivatives transactions that affect our economy and carry risk for U.S. taxpayers.
43 Senators are using the confirmation process to extract major, weakening changes in CFPB governance and funding. “We call on the Senate to reject this outrageous tactic and bring Richard Cordray’s nomination to a swift up-or-down vote.”
“For the economy’s sake as well as the sake of financial consumers – which is all of us – the country needs a fully functioning CFPB, with a confirmed director.”
AFR sent a letter to members of Congress urging them to oppose HR 677. This legislation would almost completely exempt inter-affiliate swaps from the basic systemic protections created in the Dodd-Frank Act.
AFR sent a letter to members of Congress urging them to oppose HR 1003. This legislation would have a major negative impact on the CFTC’s capacity to implement laws passed by Congress to safeguard our financial system.
AFR sent a letter to members of Congress today urging them to oppose HR 992/S.474, the “Swaps Regulatory Improvement Act”.
With too many in Washington once again echoing the “What’s good for us is good for America” mantra of Wall Street, the Senate’s new findings should shred any argument for retreat from key reforms.
“Agencies like the CFPB only come around once in a century,” John Wasik writes on Forbes.com, citing AFR’s summary of the bureau’s work to date.
Wallace Turbeville, Senior Fellow at Demos and member of AFR, testified before the House Agriculture Committee voicing AFR’s opposition to legislation that would significantly alter the Dodd-Frank Act in ways that effectively deregulate the financial sector and work against the goals of a safer, more stable, and more fair and efficient financial system.
AFR’s Marcus Stanley was interviewed by Peter Barnes of Fox Business News on March 11.