Tag Archives: Derivatives

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AFR in the News: Consumer groups warn about weakening financial regulations

“A team of consumer groups warned Tuesday that lobbying by Wall Street could weaken proposed regulations designed to guard against the kind of abusive investment practices that crushed the Bethlehem Area School District in recent years. Speaking at a teleconference, representatives of the Consumer Federation of America, the AFL-CIO, Americans for Financial Reform and Pennsylvania Auditor General Jack Wagner said well-financed lobbies are working to disarm regulations initially designed to rein them in.”

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Coalition Press Advisory: House to Vote on Major Deregulation Bills That Would Pose a Serious Threat to Public Safety

As early as today, the House of Representatives is expected to vote on the “Regulatory Accountability Act (RAA) of 2011” (H.R. 3010) and the “Regulatory Flexibility Improvements Act” (H.R. 527). The “Regulations from the Executive in Need of Scrutiny (REINS) Act of 2011” (H.R. 10) is expected to come to the House floor for a vote early next week. All three of these bills attempt to grind the rulemaking process to a halt, thereby placing corporate interests ahead of public health, safety, environmental protection and a secure economy.