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Tag Archive: CFTC

Big banks dominate Dodd-Frank meetings with regulators

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This piece was prepared in collaboration with Drew Vogel In the two years since the mammoth Dodd–Frank Wall Street Reform and Consumer Protection Act became law, federal regulators have heard overwhelmingly from the biggest banks, according to a new Sunlight Foundation analysis of financial regulatory agency meeting logs. The voices of reform-oriented groups have been much quieter – particularly in the past 12 months. Since July 21, 2010 (when the president signed Dodd-Frank), regulators at the three major banking regulatory agencies – Treasury, the Fed and the Commodities Futures Trading Commission (CFTC) – have reported meeting with 20 big banks and banking associations on average a combined 12.5 times per week – as compared to on average just 2.3 meetings with reform-oriented groups. The top 20 banks show up 1,298 times in meeting logs at the three agencies, while groups favoring tighter regulations of the financial markets show up just 242 times.

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Revolving door from CFTC to lobbying firm

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A former Commodity Futures Trading Commission (CFTC) commissioner has gone through the revolving door to the law and lobbying firm firm Patton Boggs, where he'll work as a senior policy advisor, the firm announced Tuesday.

"Regulatory agencies should be accessible to the businesses and industries they regulate," said Michael Dunn, the former commissioner, in a statement today. "I am excited to join the firm, and I look forward to helping clients navigate complex regulatory processes and agencies."

Appointed to the CFTC by former President George W. Bush, Dunn specialized in agricultural issues at the agency. His new employer is ...

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Comments on Dodd-Frank’s position limits rule came from petroleum marketing, airline industries

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A handful of groups--including some backed by petroleum marketing firms, airlines and unions--were responsible for the great majority of some 13,000 comment letters sent to the Commodity Futures Trading Commission about a single proposed regulation mandated by Dodd-Frank, according to an analysis by the Sunlight Foundation.

The CFTC is expected to issue a final rule, which limits how many futures contracts an investor is allowed to hold in any one security, on Sept. 22, though the agency has yet to confirm that date. The position limits rule received one of the highest number of public comments in the agency ...

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