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

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 | Comments Off

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 | Comments Off
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 …

Americans 50+ Demand Protections from Financial Abuse
February 22, 2010 – 1:33 pm | Comments Off

AARP recently commissioned a nationwide survey to understand public opinion on consumer financial protection issues. The results show nearly unanimous support for numerous consumer financial protections.  Click here to read the report.
Here’s an excerpt from …

Consumer Financial Protection Agency Would Build on Credit Card Reform Protections
February 22, 2010 – 1:24 pm | Comments Off

Comprehensive Reforms Are Only Way to Ensure Stability in the Economy
Washington, DC – Americans for Financial Reform released the following statement marking the full implementation the Credit Card Accountability, Responsibility and Disclosure (CARD) Act today.
Ed …

New York Times: Modest Reform Won’t Do It
February 22, 2010 – 11:03 am | Comments Off

A recent editorial in the New York Times talked about the need for sweeping financial reform in order to effectively deal with the nation’s economic problems, and the hurdles that reform legislation must face as …