The Bond Buyer devoted an article to AFR and affiliated groups letter of opposition to HR 2827, which would roll back Dodd-Frank protections for taxpayers in municipal finance. An excerpt: Seven groups, led by Americans for Financial Reform, urged lawmakers to vote “no” to H.R.
More than 100 members of Congress have communicated with the Federal Reserve and other regulators about the yet-to-be-finalized Volcker Rule, which is supposed to restrain banks from making risky trades or investing in hedge funds. “The Fed, like all regulators, provides feedback to lawmakers,” Ben
[Download PDF] July 24, 2012 The Honorable Jeff Merkley United States Senate Washington, DC 20510 Dear Senator Merkley: We, the undersigned consumer and community organizations, write to support your legislation to protect consumers from high-risk lending on the internet and offline. The Stopping Abuse and
Watch AFR’s Policy Director, Dr. Marcus Stanley, discuss the regulation of investment advisers at the Cato Institute’s “Should Investment Advisers Be Regulated, If So, How?” on the second panel.
AFR submitted a comment letter opposing the CFTC’s overly broad exemption for derivatives traded between bank affiliates.
Rolling Stone’s Matt Taibbi sees the potential for more Jefferson County-style disasters in H.R. 2827, a “compromise” that sharply reduces the ethical responsibilities of those who sell complex financial products to municipalities.
For those who have forgotten (or never fully understood) the tawdry details of the housing bubble and foreclosure epidemic, the Opportunity Agenda breaks it all down in “American Banksters.” This three-minute video aims to inspire public activism and help bring pressure upon the presidential candidates
AFR, The Leadership Conference, AFL-CIO, AFSCME, U.S. PIRG, Public Citizen, and Consumer Federation of America. While this legislation is an improvement on earlier versions of the bill, it still represents a significant weakening of taxpayer protections created by the Dodd-Frank Act to prevent fraud, abuse, and deception in Wall Street financial dealings with municipalities.
LEHMAN ANNIVERSARY STATEMENT: HAVE THEY NO SHAME? That’s a question that Americans should be asking about the Wall Street lobbyists and their friends in Washington who, on this fourth anniversary of the event that triggered the economic meltdown of 2008-09, are mounting an aggressive new
Four years after the Lehman collapse, a new AFR Briefing Paper surveys the damage .