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”.
“London Whale” Report Underscores Need for Derivatives Reform and a Strong Volcker Rule
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.
AFR in the News: Main Street’s Best Friend in Government
“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 Testimony Before House Agriculture Committee Opposes Harmful Deregulation Bills
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 in the News: Does More Need to be Done About ‘Too Big To Fail?’
AFR’s Marcus Stanley was interviewed by Peter Barnes of Fox Business News on March 11.
AFR Urges Regulators to Push Back on Payday Lending
AFR signed onto a letter with more than 270 national, state and local groups, as well as concerned individuals to urge regulators to ensure that banks cease to offer payday loans and to prohibit any expansion of these dangerous loans.
AFR Statement Urges Senate to Confirm Cordray as Director of CFPB
AFR released a statement calling for the confirmation of Richard Cordray as Director of the CFPB.
Public Interest Groups Support Confirmation of Richard Cordray as Director of CFPB
AFR signed onto a letter with national and statewide public interest groups supporting the confirmation of Richard Cordray as Director of the CFPB.
AFR in the News: Advocates and Independent Advisors Stand Up for Fiduciary Duty
The Bond Buyer reports on resistance to House legislation that would “let big banks and swap dealers escape Dodd-Frank’s fiduciary duty provision,” relieving them of any duty to “put clients’ interests ahead of their own.”
AFR in the News: Don’t Call Us Systemically Important, Says MetLife
MetLife CEO Steve Kandarian warns of dire consequences if large insurance companies are designated systemically important and deserving of special oversight. Such a move, he said, “could disrupt an entire industry just as the economy is regaining its footing.”