AFR Statement on CFPB Mortgage Lending Rule
“[P]ortions of today’s rule should have been stronger, and the CFPB has put one very important question on the table for further comment, creating a risk of further slippage.”
AFR in the News: CFPB Readies New Mortgage Rules as Banks Seek More Time
The rules… are “likely to resemble” an October draft that “extended a legal safe harbor to loans issued at prime interest rates to borrowers whose total debt-to-income ratio doesn’t exceed 43 percent.”
AFR Memo on CFPB’s 2013 Mortgage Rules
With new rules for mortgage lending and servicing due to be issued soon, the Bureau faces an important opportunity to make the housing market work better for families and communities.
AFR Letter: Resolution Plans Fall Far Short
More specificity and disclosure are needed in the big banks’ “living wills.”
AFR Statement on Basel Liquidity Rules
International regulators have “effectively gutted” a requirement that was supposed to provide a crucial protection against financial instability.
JP Morgan Gets a Big Holiday Gift From the SEC
Fund backed by physical copper “effectively creates a corner on the market,” AFR’s Marcus Stanley tells The New Republic.
AFR Statement on UBS LIBOR Price Fixing
“These actions run far too deep and are much too extensive to be written off as the behavior of a few ‘rogue traders.'”
AFR Statement on SEC Approval of Copper ETFs
As speculative interest increases, this vital industrial commodity will be withdrawn from the market, and prices for real-economy businesses and consumers will increase.
Cross-Border Exemption = Backdoor Repeal
AFR tele-conference explores a major threat to Dodd-Frank derivatives reforms.
AFR Statement on International Derivatives Transactions
In a statement submitted to the House Agriculture Committee, AFR explains why U.S. oversight agencies must regulate international derivatives transactions in order to protect the U.S. economy.