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Article Archive for February 2010

AFR, Public Citizen, and 45,874 Americans Ask Senator Dodd to Support Reform
February 24, 2010 – 11:22 am
AFR, Public Citizen, and 45,874 Americans Ask Senator Dodd to Support Reform

The following letter was delivered to Senator Dodd on February 23, 2010 by Public Citizen, a partner of Americans for Financial Reform.  AFR’s coalition helped direct consumers toward this pro-reform petition which was signed by …

AFR Calls on Senate to Maintain Strong Corporate Governance Reforms
February 24, 2010 – 10:56 am

For immediate release
February 24, 2010
AFR Calls on Senate to Maintain Strong Corporate Governance Reforms
Says Board Failures a Key Factor in Financial Meltdown;
Questions Credibility of U.S. Chamber of Commerce-led Opposition

WASHINGTON, D.C. – With the U.S. Senate …

New York Times: White House in New Push for Changes on Wall Street
February 24, 2010 – 10:43 am

An article in yesterday’s New York Times talked about new efforts from the White House on behalf of financial reform legislation.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying …

Providence Journal Editorial Endorses Volcker Rule
February 23, 2010 – 4:22 pm

Rhode Island’s Providence Journal just released this Editorial supporting “the Volker Rule.”  It says:
Wall Street should not again earn fortunes through reckless investing while loading the risks onto taxpayers. It’s time for new rules for …

Former Regulator Talks Fraud and the Big Bank Getaway on PBS “NewsHour”
February 23, 2010 – 3:46 pm

Paul Solman from PBS “NewsHour” recently interviewed former bank regulator Bill Black about his opinion regarding the effects of deregulation of financial products.
Bill Black talks about the way that bad practices have been ignored by …

Credit CARD Act Regulations Became Effective Monday But the Fight is Not Over
February 22, 2010 – 4:14 pm
Credit CARD Act Regulations Became Effective Monday But the Fight is Not Over

On Monday, February 22, the long-awaited and long-needed changes laid down by the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act went into effect.  When the bill was passed last May, it was the first …