Huffpost Hill – Congress Still Targeting Olds Huffington Post July 20, 2011 “OCC Still a Sick Joke Masquerading as a Federal Agency – Remember when all those state regulators wanted to crack down on predatory lending in, like, 2004? And remember when the OCC stepped
New agency arrives with broad powers to police financial products Connie Prater (Creditcard.com) July 20, 2011 ―In what consumer groups are heralding as a historic moment for American families, a new federal consumer financial watchdog agency officially opened for business Thursday. It is doing so,
Read U.S. PIRG and AFR’s issue brief outlining the 10 reasons we need the Consumer Financial Protection Bureau here.
FOR IMMEDIATE RELEASE July 18, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Announcement of Richard Cordray to Lead the CFPB Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong
Click here to view this week’s highlights and lowlights in Wall Street Reform – July 9, 2011 – July 15, 2011.
Elizabeth Warren‘s Summer Grilling Gary Rivlin (The Daily Beast) July 14, 2011 ―Summer is the season of reruns, so anyone tuning in this morning to watch the latest appearance of Elizabeth Warren on Capitol Hill can be forgiven for thinking they‘ve seen this show before.
The prudential regulators’ proposed rules on margin and capital requirements must be strengthened. There are several areas which could be improved upon, particularly the calculation and collection of margin must be improved. The suggested revisions would further help to reduce systemic risk in swaps transactions, which is the ultimate goal of the measures.
The CFTC’s proposed rules on margin and capital requirements must be substantially strengthened. Specifically, the process of collecting margin must be generally improved, both in terms of quantity and quality required. The suggested revisions would not only improve the overall effectiveness of the rules, but also the fairness, as the proposed rules seems to favor swap dealers.
Read our letter urging the Senate to oppose the “Burdensome Data Collection Relief Act”, H.R. 1062, which would protect overpaid CEOs from embarrassment by allowing them to hide shameful pay disparities within companies.
Report says speculation accounts for 83 cents per gallon of gasoline prices Olivia Kabat (WMNF – FL) July 12, 2011 ―Those high gasoline prices you’re paying at the pump may have a lot to do with Wall Street speculation. According to a new report, because