The U.S. Commodity Futures Trading Commission is taking steps to tackle fraud in Voluntary Carbon Credits. By implementing transparency measures and establishing 'green milestones,' we can rebuild trust and ensure these credits help fight climate change. Learn more in our new fact sheet: https://lnkd.in/eX3vziJ7
Better Markets
Non-profit Organizations
Washington, District of Columbia 2,042 followers
An Independent, nonpartisan, nonprofit promoting the economic security, opportunity & prosperity of the American people.
About us
Better Markets is a non-profit, non-partisan, and independent organization working to build a more secure financial system for all Americans. Better Markets works to rebuild those protections by restoring laws, rules and regulations that shield families on Main Street from the high-risk, dangerous activities on Wall Street. Our team of professionals - including President and Chief Executive Officer Dennis Kelleher and markets, regulatory and legislative specialists, along with lawyers and communicators – is the counterweight to Wall Street’s special interests in Washington DC. When Wall Street is pushing those special interests, they run right into Better Markets, which is right there pushing back with the public interest. We’re the American people’s voice in the courts, the Congress and the regulatory agencies, fighting against Wall Street recklessness while fighting for reform. Our agenda-setting analysis provides a critical balance in the rulemaking and policymaking debates, and our expert research has made Better Markets the go-to source for trusted and substantive information about our financial markets, economic policy and key policy proposals. Over the last five years, Better Markets has had a significant impact on financial reform – from re-shaping the political discourse to strengthening many parts of the Dodd-Frank rule making process. We’ve become a potent counterweight to the industry as the rules of financial reform are being drafted and challenged, filing nearly 200 comment letters so that agencies finalize the strongest possible safeguards to protect the American people from another financial crash.
- Website
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http://www.bettermarkets.org
External link for Better Markets
- Industry
- Non-profit Organizations
- Company size
- 11-50 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 2010
- Specialties
- Financial Regulation, Financial Reform, Dodd-Frank, SEC, CFTC, CFPB, Rulemaking, Policy, Wall Street, Main Street, Economy, and Finance
Locations
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Primary
1825 K Street NW
Washington, District of Columbia 20006, US
Employees at Better Markets
Updates
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Law360 covers banks lobbyists gloating about standing in the way of common sense financial protect rules. Dennis Kelleher explains "The banks' real problem with the rules now is that they just don't like rules that require more protections for investors, customers, consumers, markets and financial stability rather than rules that increase banks' revenues, profits and compensation." Read more at: https://lnkd.in/ejghG6JD
Top Bank Lobbyist Touts Basel Endgame, CFPB Court Wins - Law360
law360.com
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In a new comment letter, our team emphasizes the need for stronger oversight of third-party risks in banking. As #fintech reliance grows, accountability and transparency are essential. That's why we're urging the Basel Committee to make its proposed principles on these issues even stronger. https://t.co/ukAwlKW5fm
Third Parties Can Benefit Both Customers and Banks, but Risks Must Be Appropriately Managed to Protect the Public | Better Markets
bettermarkets.org
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We're seeing dozens of new political bets on Kalshi, made possible by a recent court ruling allowing gambling on U.S. elections. This decision threatens the integrity of the U.S. Commodity Futures Trading Commission's markets and our entire democracy: https://bit.ly/4bxBZIl
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Kyle Campbell of American Banker analyzes the lack of international cooperation on key issues like bank capital. Our Dennis Kelleher explains in the story that this lack of cooperation "is going to kill the international regulatory regime that is essential to preventing financial crises and catastrophes like the 2008 crash. Everybody goes their own way. I worry about my banks, and you worry about your banks. It is inevitably going to result in a race to the regulatory bottom. Therefore, we're going to end up with very minimally regulated banks and financial institutions … and that just means there are going to be more and bigger crashes and bailouts." https://lnkd.in/eUWAJxgi
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Our Cantrell Dumas tells the Cointelegraph that there are many reasons to oppose allowing gambling on our elections, but no reason is more important than protecting the integrity of our democracy. “Betting on elections diminishes the civic duty of voting and reduces it to a financial transaction, which could erode public trust in the democratic system.” https://lnkd.in/eMjTzwhe
Prediction markets like Polymarket a ‘public good,’ more accurate than polls
cointelegraph.com
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A court ruling recently allowed Kalshi to move forward with election betting. Here's why our team is vigorously opposing that decision: · The law expressly prohibits gaming contracts like #Kalshi's, and the U.S. Commodity Futures Trading Commission (CFTC) was right to reject it in the first place. The law requires the #CFTC to reject contracts that are illegal under state law and more than a dozen states protect the integrity of elections by outlawing gambling on elections. · The #CFTC is simply not the right agency to deal with issues like #gambling, #elections, election interference, and political corruption. · Democracy and elections are foundational principles for the country and are not appropriate subjects for gambling and betting. Our elections will be susceptible to manipulation and could incentivize people to engage in improper if not illegal conduct that could raise concerns about the integrity of the electoral process. · Kalshi's proposal is another example in the deeply troubling trend toward the ‘#gamification’ and ‘retailization’ of finance. In this increasingly common pattern, everyday investors are lured into new financial products and services, justified by claims that the offerings represent beneficial ‘democratization’ and ‘innovation. Learn more here: https://lnkd.in/gPrNiyfQ
Kalshi’s Dangerous Efforts to Allow Gambling on U.S. Elections | Better Markets
bettermarkets.org
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The #crypto industry is spending millions to influence the election. But what's the one thing they won't talk about? CRYPTO. It’s as if Ford ran an ad campaign and never mentioned its cars. https://t.co/gM8rkKZ7BQ Why? The industry knows the American people are skeptical if not hostile to crypto. That's why they've spent so much time and money on misleading ads and rigged polls. https://lnkd.in/enmtHjix
Coinbase-backed org drops ads that actually talk crypto
https://punchbowl.news
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We're #hiring a new Communications Intern in Washington DC-Baltimore Area. Apply today or share this post with your network.
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The March 2023 regional bank failures provided clear evidence of the risks associated with uninsured deposits. That’s just one of the reasons why improving and enhancing bank reporting on deposits is vital. Currently, publicly available financial data for most banks contains only estimates of the insured and uninsured shares of total deposits. This results in limited and incomplete information on financial risks, specifically those stemming from risky and volatile uninsured deposits. That's why we're calling for expanding reporting requirements to provide valuable transparency for regulators, investors, and the public to understand risks in the banking system. https://lnkd.in/e7NWuSvA
Increased Data Collection on Bank Deposits Would Increase Transparency and Financial Stability | Better Markets
bettermarkets.org