Americans for Financial Reform

AFR Letter: Oppose the Sequester Replacement Reconciliation Act of 2012

AFR sent a letter to members of congress, urging them to oppose the “Sequester Replacement Reconciliation Act of 2012”, which would end the Home Affordable Mortgage Program (HAMP), repeal the resolution authority granted to the FDIC to liquidate failing financial institutions, eliminate the Office of Financial Research, and eliminate the independence of the Consumer Financial Protection Bureau by making it the only bank regulatory agency subject to the appropriations process.

AFR Statement: JP Morgan Trading Losses Underline Need for a Strong Volcker Rule

AFR STATEMENT ON JP MORGAN TRADING LOSSES JP Morgan has just announced that it has taken some $2 billion in losses on its synthetic credit portfolio, with more losses likely in the near future. In case we needed yet another reminder of the need

AFR Conference: Cost Benefit Analysis and Financial Reform

COST BENEFIT ANALYSIS AND FINANCIAL REFORM – May 9, 2012 Presented by: Americans for Financial Reform, Center for Progressive Reform, Economic Policy Institute, Public Citizen AGENDA: PANEL 1: Cost Benefit Analysis and Legal Challenges to Dodd Frank 9:00 – 10:30am Speakers: Dennis Kelleher:

AFR Letter: Support the SAFE Act

AFR sent a letter to Senator Sherrod Brown, pledging our support for “The Safe, Accountable, Fair, and Efficient Banking Act of 2012.” The SAFE Banking Act would limit the total size of any banking institution and impose a leverage limit of 10 to 1, and thus ensure that all of our financial institutions are fully exposed to market discipline.

AFR in the News: Wall Street Sues for Pre-Crisis Rules, CFTC’s Chilton Says

Wall Street Sues for Pre-Crisis Rules, CFTC’s Chilton Says By Silla Brush and Steven Sloan “They want us to write off the 2008 financial crisis as an aberration and ignore countless reputable scholars who’ve found that the costs of opaque, unregulated derivatives markets are borne

Sign On Letter: Support Full Funding for the CFTC

AFR signed onto to a letter along with more than 50 other organizations, urging members of Congress to support full funding for the CFTC.

AFR in the News: Banks divided on loan rules

Banks divided on loan rules Federal agency pushes ability-to-pay mortgage tenet Carter Dougherty | Bloomberg News “This rule is aimed directly at the core deficiencies in the mortgage market that produced unsustainable loans, an inflated housing market, and resulting widespread economic hardship,” Americans for Financial Reform, a

AFR Conference: Cost Benefit Analysis and Dodd-Frank

COST-BENEFIT ANALYSIS AND FINANCIAL REFORM May 9, 2012 9:00 AM – 12:30 PM Economic Policy Institute, 1333 H Street NW, Washington DC Presented By: Americans for Financial Reform, Center for Progressive Reform, Economic Policy Institute, and Public Citizen Space is limited, please RSVP

AFR in the News: Cordray divides banks with ability-to-repay loan rule

Cordray divides banks with ability-to-repay loan rule – Carter Dougherty and Clea Benson (Bloomberg News) May 1, 2012 “Richard Cordray wants lenders to adhere to the most basic tenet of banking: making sure borrowers can repay. Getting them to agree on how is proving tougher…

AFR in the News: Bankers Assault on Financial Reform -Gerald Epstein: New financial regulations contained in the Dodd-Frank law are being gutted or delayed by regulators and Congress

Bankers Assault on Financial Reform -Gerald Epstein: New financial regulations contained in the Dodd-Frank law are being gutted or delayed by regulators and Congress – Transcipt, Paul Jay (The Real News Network) April 30, 2012 “And this kind of bill [H.R. 3336the Small Business Credit