Congressional Letter on Qualified Mortgages and Ability to Repay
In a letter to the Senate, 40 organizations ask the Senate to reject an amendment granting a legal safe harbor to all QM lenders.
SEC Officials Raise Concerns About Lifting Advertising Ban
Additional investor safeguards should be considered, say two of the five SEC commissioners.
AFR in the News: Senate Slows Down Controversial Cost-Benefit Analysis Bill
Facing wide criticism, Senate homeland security committee drops plan for a markup, promises to hold a hearing instead.
AFR Analysis of SEC Memo on Exchange-Traded Funds Linked to Copper
SEC staff memo is faulted for ignoring significant issues and overlooking evidence pointing to the price impacts of copper-supply hoarding.
AFR Calls for Implementation of a Strong Volcker Rule
AFR urges regulators to strengthen their original proposal and not to be swayed by exaggerated industry concerns about market liquidity.
AFR/NACA Webinar on Auto Lending Scams
On Nov. 8, 2012, AFR and the National Association of Consumer Advocates co-hosted this free webinar on abusive auto finance practices.
AFR in the News: Senate Delays Vote on Bill to Slow Down Financial Rulemaking
“Financial reformers have won a small battle in their fight with Wall Street over financial regulation,” Huffington Post reports.
Big Banks, Bigger Fees
PIRG’s new national survey shows bigger banks are more likely to charge for checking accounts. And fewer than half of all bank branches readily disclose fees, as the law requires.
AFR in the News: “Sideways Attack” on Dodd-Frank
St. Louis Post-Dispatch warns of a “truly awful piece of legislation” that could “sneak through the 112th Congress before it adjourns at year’s end,”
AFR in the News: Wall Street Firms Gambled on Mitt Romney and Lost
“Americans blame banks for the 2008 financial crisis, and view financial reform as a way to ensure that bad mortgages and repackaged debt don’t trigger another banking collapse.” That’s one of the clear the lessons of the 2012 elections – and a big problem for