Credit Default Swaps Made European Debt Crisis Worse: Study – Mark Gongloff (Huffington Post) April 27, 2012 “While many may disagree with the concept that speculation in CDS moves markets, it’s a lot harder to disagree with that. Unless, that is, you are on Wall
Lehman elite stood to get $700 million – Walter Hamilton, Andrew Tangel and Stuart Pfeifer (Los Angeles Times) April 27, 2012 “Less than a year before the 2008 collapse of Lehman Bros. plunged the global economy into a terrifying free fall, the Wall Street firm
House Passes Bill to Exempt Small Banks from Swaps Rules (American Banker) April 25, 2012 “The House on Wednesday easily approved a bill that would provide small banks an exemption from clearing requirements for swaps under the Dodd-Frank Act…The bill was opposed by Americans for
AFR signed onto a comment letter urging the CFPB to use all tools available to end the destructive and abusive practices of payday lending.
Goldman Sachs under pressure to reveal lobby ties -Ronald D. Orol ( MarketWatch) April 23, 2012 “Public knowledge about the company’s range of advocacy is limited to what’s in its formal disclosures. But Marcus Stanley, policy director at Americans for Financial Reform, said he assumes
AFR sent a letter to members of congress urging them to oppose HR 3336, which would expand already generous regulatory exemptions for large financial entities.
AFR sent a letter to the CFPB regarding their Qualified Mortgage/Ability to Repay proposal.
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.