AFR and five other consumer advocacy organizations, sent a letter to SEC Chair Mary Jo White detailing key investor protections that the SEC has failed to take, and urging Chair White to act on them.
AFR and five other consumer advocacy organizations, sent a letter to SEC Chair Mary Jo White detailing key investor protections that the SEC has failed to take, and urging Chair White to act on them.
AFR and 9 other organizations sent a letter to Chair Mary Jo White expressing concern over the exclusion of Professor Joseph Stiglitz from the SEC Market Structure Advisory Committee. The letter urges the SEC to reconsider, or to provide more detail regarding how it arrived to its decision.
“As organizations that support strengthening protections for retirement savers, we write to thank you for sending a proposed rule to the Office of Management and Budget (OMB) to update and close loopholes in the 40-year-old rules that apply when individuals receive professional advice about retirement investments. Updating protections for retirement savers is urgently needed and long overdue.”
The Institute on Agriculture and Trade Policy and Americans for Financial Reform submitted a joint comment on position limits for commodities to the Commodity Futures Trading Commission.
Download the letter here.
Don’t open the floodgates to a wave of “wrong number” calls to cell phones, say AFR, NCLC and more than 75 national and state groups in a letter urging the FCC to stand by the safeguards of the Telephone Consumer Protection Act.
“Supervision of nonbank auto financial institutions will bring much-needed attention to otherwise
lightly-regulated companies, will ensure compliance with consumer financial laws, and will
ensure that auto financing by banks, already subject to CFPB supervision, is not at a competitive
disadvantage.”
AFR calls on CFTC to require margin for derivatives.
“Mandatory margin requires participants in the swaps market to take full account of the risks of their derivatives transactions and provide some level of advance provisioning for such risks. The availability of properly segregated margin is clearly of enormous value in case of the default of a swaps counterparty.”
“On behalf of Americans for Financial Reform (AFR), we write today to ask you to ensure appropriate regulatory oversight of derivatives transactions conducted through foreign subsidiaries of multinational Wall Street banks. In particular, we urge you to prevent the inappropriate classification of such derivatives as ‘non-guaranteed’ by the parent company, a classification which could exempt them from numerous critical derivatives regulations.”