Toasters, toys, Tylenol, title loans: one of these things is not like the others. We have government agencies in charge of regulating many consumer products, but not nearly enough attention is given to financial products. …
Read the full story »Heads they win, tails we lose! Wall Street gambled with our savings, collected billions, and then left taxpayers to pay the price when the economy went south. We need new rules to keep Wall Street in line.
To restore the economy and create jobs, banks must offer good, safe loans to consumers, homeowners and businesses. We need to end the foreclosure crisis and stop people losing their homes, and we need community reinvestment that directs responsible lending to our communities and businesses.
No more foxes guarding the chicken coop: banks should not be able to pick their own regulators. And too big to fail should be too big to exist. To prevent the next crisis, we need accountable, transparent and democratic regulators to prevent banks from getting too big or acting irresponsibly.
We need this agency to protect us from abusive financial products, just as we have clear rules to prevent the sale of poisonous food, drugs with deadly side effects, and toasters that are likely to explode.
Click here to read about the newest topics people are talking about. Our current topic: The Financial Speculation Tax (a.k.a. Financial Transaction Tax).
AFR is partnering with Business for Shared Prosperity in support of the Consumer Financial Protection Agency (CFPA).
Our elected officials need to know that the Chamber of Commerce’s anti-reform message is not representative of our views! …
The California Reinvestment Coalition released this report (PDF) about subprime lending to communities of color in California. Here are their key findings:
Lenders saturated California neighborhoods with high-cost and predatory loans:
In 2006, in each city, lenders …
FOR IMMEDIATE RELEASE
DATE: February 5, 2010
AFR: Dodd Makes Right Call To Move Forward
Dodd’s Leadership Means Accountability for Wall St is Within Reach
Washington, DC – Americans for Financial Reform released the following statement regarding Senate Banking …
FOR IMMEDIATE RELEASE
DATE: February 5, 2010
AFR: Big Banks Cash In On Unemployed
Washington, DC – Americans for Financial Reform released the following statement on the practice of big banks, like Citi, Wells Fargo, JPMorgan Chase, …
Business for Shared Prosperity, an AFR affiliate, has been getting attention with their message of support for financial reform. The coalition, made up of business owners from around the country, recently put out this press …