Joint Statement: Nation’s Top Student Loan Watchdog Post Remains Vacant 150 Days After CFPB Director Promised to “Quickly” Fill the Role
SAVE THE DATE: JOIN AFR ED FUND AT ITS ‘BIG BANK REGULATION UNDER THE TRUMP ADMINISTRATION’ CONFERENCE
Tomorrow marks one hundred fifty days since Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger committed to quickly filling the nation’s top student loan watchdog position—a role that has been vacant for almost a year. As student debt nears $1.6 trillion and predatory practices plague the market, the Student Borrower Protection Center (SBPC) and Americans for Financial Reform Education Fund (AFREF) are releasing a roundup of failures by the current CFPB Director to stand up for student loan borrowers.
Letters to Regulators: AFR Education Fund letter to the CFTC regarding proposed rule on Swap Execution Facilities and Trade Execution Requirement
Join us on May 21st for an analysis and discussion of the important developments in the regulation and supervision of large banks, and their effects on financial stability and economic security. View the details here, or below.
AFR-CEPR Research: Small Donations Show Growing Power of Grassroots Vs. Wall Street
On March 15, 2019, Americans for Financial Reform Education Fund sent a letter to the Commodity Futures Trading Commission expressing several concerns regarding the agency’s “Swap Execution Facilities and Trade Execution Requirement” proposed rules. Read or download a PDF version of the letter.
AFREF Policy Director Marcus Stanley remarks re derivatives clearing at CFTC Market Risk Advisory Committee
New members of Congress demonstrated substantially less reliance on money from the financial services industry than incumbents who won re-election in 2018. First-term Democratic members of the House raised, on average, 17 percent of the money for their campaign committees from small donors, compared with 9.4 percent by Democratic incumbents who won re-election.
Additional information about this meeting is available here.