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Article Archive for March 2010

New Study: Bankers Dead Wrong About Effects of Bankruptcy Reform
March 25, 2010 – 8:11 am

In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).  Consumer advocates strongly opposed this bill, warning that it was designed only to profit credit card companies while harming consumers.  A study …

New Study Finds that Preemption Resulted in More Defaults and Riskier Lending
March 24, 2010 – 10:19 am

A recent study funded by the National State Attorneys  General Program at Columbia Law School found that federal action to exempt national banks from state anti-predatory lending laws resulted in more  defaults and riskier lending …

Former Bank Employee: Banks Give Homeowners the Runaround
March 24, 2010 – 9:58 am

One of many bank employees working with SEIU came forward to uncover predatory banking practices that harm consumers and communities.
The bank executive spoke to ABC News on the condition that ABC News not show his …

The New York Times: Behind Consumer Agency Idea, a Tireless Advocate
March 24, 2010 – 9:38 am

The New York Times understands that Elizabeth Warren has not only the qualifications but also the passion to ensure that the CFPB does what it was created to do–what Elizabeth Warren wanted it …

LA Times: Whose Board is it?
March 23, 2010 – 1:01 pm

One of the hot topics concerning the Senate Bill which passed the Banking Committee on Monday is the right of shareholders to influence decisions about their board of directors.  The LA Times published an Opinion …

Senate Banking Committee Passes Financial Reform Bill
March 23, 2010 – 8:21 am
Senate Banking Committee Passes Financial Reform Bill

AFR Statement on Committee Passage Of Financial Reform Bill

Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, released the following statement today on Chairman Dodd’s financial reform legislation:
Heather Booth, Executive Director, …