The New York Times recently posted this editorial about the connection between Greece’s financial problems and Wall Street and the need for better regulation of derivatives trading. As Greece has tottered on the brink of fiscal chaos, threatening to drag much of Europe down with
A recent editorial in the New York Times talked about new steps that President Obama has authorized to deal with the needs of homeowners dealing with foreclosures, especially unemployed homeowners and those with underwater mortgages. However, there are still problems with the government’s plans, as
The Hill recently published this Opinion piece from business owner Lya Sorano about the way that a Consumer Financial Protection Agency would help small businesses. She says: The Chamber of Commerce and the bank lobbyists have falsely represented the interests of small businesses particularly aggressively
Americans for Financial Reform has been getting lots of press attention related to the recent financial reform video from FunnyorDie, which you can read more about and watch here. Here is a sample of news outlets that have mentioned AFR in their articles; click on
Make Markets Be Markets: A Groundbreaking Conference Hosted by the Roosevelt Institute On March 3rd, the Roosevelt Institute gathered some of the nation’s leading financiers, economists, and former regulators to release a report outlining critical actions needed to reform the nation’s financial system. Watch the
This information is courtesy of AFR member the National Consumer Law Center: In the debate over the Consumer Financial Protection Agency (CFPA), some have argued that an independent CFPA might issue rules that jeopardize bank safety and soundness. However, as with other agencies whose actions
This article from Zach Carter with SNL Financial outlines the problems with the current regulation, and lack thereof, of Refund Anticipation Loans. Click here for the article (pdf).
Ann Brown, former Chair of the US Consumer Product Safety Commission, recently submitted this Op-Ed to The Hill in support of a CFPA. She says: As former chair of the U.S. Consumer Product Safety Commission, I know a product when I see one. Mortgages or
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Deborah Jackson, is one member of a group of businesswomen who went to Congress this week to speak on behalf of a Consumer Financial Protection Agency. Watch Deborah’s interview below and learn more about the group here: