AFR sent a letter to the members of the House Financial Services committee opposing budget proposals that would cut the CFPB’s budget and subject it to appropriations. The proposals would also repeal resolution authority and HAMP.
AFR submitted a comment letter urging the CFPB to thoroughly examine debt collectors and credit bureaus who affect millions of consumers. Supervision of debt collectors and credit bureaus enables the CFPB to detect problems early, prevent or resolve violations quickly, and have a better understanding of the consumer products and services it regulates.
AFR sent a letter to the SEC and CFTC urging them to hold the line on their definition of swap dealer and not to radically change it.
Derivatives Lobby Has U.S. Regulators on the Run -Roger Lowenstein (Bloomberg) April 17, 2012 “The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and
Have you – or others you know – been charged an overdraft fee on your checking account? Is it unclear what the costs and benefits of overdraft systems are? Or what are the alternatives? Well, the Consumer Financial Protection Bureau (CFPB) wants to hear from
AFR sent a letter to the House urging members to oppose HR 3527, which would create unnecessary roadblocks to enforcement of derivatives oversight on big Wall Street banks and the financial services industry.
Swap Regulators Said to Weigh Dealer Threshold of $8 Billion -Silla Brush (Bloomberg) April 11, 2012 “U.S. derivatives regulators are considering a threshold as high as $8 billion for determining which banks, hedge funds and energy firms are swap dealers under the Dodd-Frank Act, according
A Call To Ban Commodity ETFs (Financial Advisor Magazine) April 9, 2012 “A coalition of consumer and public interest groups last week called on Congress to ban commodity index funds and exchange-traded commodity funds because they say these vehicles have helped fuel higher energy prices,
In a Leap of Faith, Obama Signs Bipartisan JOBS Act – Shar Adams (The Epoch Times) April 9, 2012 “In a leap of faith in America’s entrepreneurial spirit and the strength of U.S. security regulators, President Barack Obama signed the JOBS Act into law last
Americans for Financial Reform hosted a conference call for reporters and bloggers to discuss the impact of Wall Street speculation on gas prices.