Nonprofit that grew out of the NYC OWS movement. We write comment letters, file amicus briefs & advocate for regulation & enforcement in the public interest.
OSEC has submitted a letter to the CFIUS regarding its “Known Investor Program.” We argue that an expedited review pathway for so-called “trusted” foreign investors risks financial fragility and climate instability. https://t.co/4hMDbemScw
We submitted a letter to the CFPB regarding their attempt to reopen and then gut the Personal Financial Data Rights (PFDR) Rule, which establishes consumers’ right to access their financial data. The letter can be found here: https://t.co/KLZddLYspG
A robust CFPB ensures that consumers will increasingly rely on the stability and reliability of traditional banks by pushing capital away from volatile and speculative markets, writes Akshat Tewary, of Occupy the SEC, in @AmerBanker@BankThink.https://t.co/KnfWEZhwFh
We submitted a comment letter to the CFPB regarding credit card industry regulations. We submitted this letter under the assumption that the CFPB will survive the unconstitutional attack against it by craven political appointees in the new administration. https://t.co/QNwPIWcNZ4
We submitted a letter to regulators asking them to strengthen their long overdue proposal to implement Section 956 of the Dodd Frank Act, which prohibits certain incentive-based compensation arrangements among financial institutions. https://t.co/n9scttP848
Here's our comment letter to the OCC and the Fed Board regarding their Basel III “end-game” regulatory capital rule. In the letter, we applaud the agencies for finally implementing these global standards, and push them to avoid diluting the proposal. https://t.co/uItVJGInAd
We submitted a letter to the SEC opposing proposals to list certain spot bitcoin ETFs. The proposed ETFs primarily target retail investors, offering them access to bitcoin without the necessary safeguards. https://t.co/sq5RZMhugz
We responded to the FinCEN proposal regarding access to non-public shareholder information (BOI). In the letter, we emphasize that disclosure of shareholder information is necessary to prevent tax fraud and other illicit activity by wealthy bad actors. https://t.co/1k09sISq87
OSEC submitted a letter to the SEC for its proposed disclosure and reporting framework standards to combat greenwashing by investment companies and advisers. We generally commended the proposal, with a couple of suggestions. https://t.co/UA77icCPuk
So far we've got the Trump administration on everything from violating conflict of interest laws, violating the Hatch Act, lying to Congress, weaponizing the DOJ and now violating the Presidential Records Act. Probably missed a couple but the trend is clear.
🚨 BREAKING NEWS 🚨
FEDERAL RESERVE CHAIR POWELL TRADED DURING RESTRICTED FOMC BLACKOUT PERIOD; FAILED TO DISCLOSE MAJORITY OF TRADE DATES; APPARENTLY LIED ABOUT MUNI BOND CONFLICT; U.S. SENATE RUSHES TO CONFIRMATION VOTE ON FEB. 15
For more details, see
https://t.co/uvcDSSgn9C