AFR in the News: The Dangers of Chicago’s “Transidebit” Card
Combing through a 1000-page contract, the Tribune found “some eye-opening fees.” Such as $2.95 for “reloading your account online using a credit card.”
17,000 Call for No Offshore End-Run Around Derivatives Reform
Public Citizen and Americans for Financial Reform today delivered petitions signed by more than 17,000 people calling on the CFTC to stand firm in applying derivative standards to all the dealings of U.S. banks and their overseas subsidiaries.
AFR Statement on House Swaps Bills
“Last week’s Senate report on JPMorgan Chase’s ‘London Whale’ trades should have redoubled Washington’s resolve to carry out the basic derivatives safety measures of Dodd-Frank. But too many members of the House Agriculture Committee seem to have their heads buried in the sand.”
Fair Housing Letter to Mortgage Settlement Monitor
March 27, 2013 Joseph A. Smith Office of Mortgage Settlement Oversight 301 Fayetteville St., Suite 1801 Raleigh, NC 27601 Members of the Monitoring Committee Via electronic mail Dear Mr. Smith and Members of the Monitoring Committee: We write to follow up on your interim report
AFR Opposes HR 1256
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.
Labor, Civil Rights, Consumer, and Business Leaders Call for Cordray Confirmation
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.”
AFR Statement on Banking Committee Vote for Cordray
“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 Opposes HR 677
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 Opposes HR 1003
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 Opposes HR 992/S. 474
AFR sent a letter to members of Congress today urging them to oppose HR 992/S.474, the “Swaps Regulatory Improvement Act”.