Consumer Protection Bureau in Political Limbo Katherine Reynolds Lewis (The Fiscal Times) September 6, 2011 “Until the Senate confirms a director, the new Consumer Financial Protection Bureau cannot impose rules on some of the worst actors in the 2008 financial crisis: payday lenders and non-bank mortgage
Click here to view this week’s highlights and lowlights in Wall Street Reform – September 3, 2011 – September 9, 2011.
Read our Bulletin here.
Read our letter opposing H.R. 2682 here.
FOR IMMEDIATE RELEASE DATE: September 8, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on President’s Speech to Joint Session of Congress Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong
FOR IMMEDIATE RELEASE DATE: September 6, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Cordray Nomination Hearing in Senate Banking Committee Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong
AFR commented on the FSB’s proposed principles on coordination of bank resolution authority. The comment called on regulators to prioritize reducing the complexity of international financial institutions, rather than simply attempting to manage such complexity.
Franken Pursues Tighter Oversight of Rating Agencies Ben Protess (Dealbook/NYT) September 1, 2011 “The Dodd-Frank Act cracked down on the credit rating agencies, the firms that awarded rosy ratings to bonds backed by junky mortgages, but some lawmakers and consumer advocates contend that the regulatory
3 Questions on Financial Stability Simon Johnson (Herald Tribune – FL) September 1, 2011 “The Dodd-Frank financial legislation of 2010 created a Financial Stability Oversight Council, tasked with taking an integrated view of risks in and around the financial sector in the United States. Known
Big banks squawk about Basel Committee reforms Ira Teinowitz (The Deal) August 30, 2011 “Big bank holding companies and financial groups are criticizing the Basel Committee’s attempt to toughen capital standards for banks under Basel III, as well as a requirement that global systemically important banks