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! …
In addition to writing to your elected officials, you can make a difference in the fight for financial reform by submitting a letter to the editor of your local paper.
Click here to easily connect with …
In a recent article about financial reform legislation, Senator Dodd talked about the bipartisan work that has been done so far but said, “for now we have reached an impasse.” AFR was mentioned in the …
February 9, 2010
Dear Senator Harkin and Representative DeFazio:
We, the undersigned organizations, are writing in support of your bills, “The Wall Street Fair Share Act”(S. 2927) and “Let Wall Street Pay for the Restoration of Main …
Professor Elizabeth Warren submitted this Opinion piece to the Wall Street Journal yesterday. As the Chair of the TARP Congressional Oversight Panel, Professor Warren has been vocal about the need for increased consumer protections and …