October 8, 2009 The Honorable Barney Frank Chairman Committee on Financial Services United States House of Representatives Washington, DC 20515 Re: School Loan Exemption in H.R. 3126 Consumer Financial Protection Agency Dear Chairman Frank: Thank you for your leadership in advancing legislation to create a
FOR IMMEDIATE RELEASE CONTACT: Doug Gordon, 202-822-5200 DATE: October 7, 2009 Americans for Financial Reform: Congress Needs To Take On Big Banks, Protect Consumers Draft Legislative Language On Derivatives Is Not Enough; All Transaction Need to Be Transparent Washington, DC – Americans for Financial Reform
On October 7, USA Today ran this excellent opinion piece. Here’s an excerpt: New financial watchdog could curb abusive practices, limit fine print. In Washington, it’s always easier to kill a new idea than to promote one. And that’s what the banking industry is counting
Download this white paper as a PDF. A National Consumer Law Center White Paper, September 2009 EXECUTIVE SUMMARY: Consumer protection in the financial world has been dramatically weakened in the last several years by preemption of state consumer protection laws. Broad preemption of state law
The House of Representatives passed H.R. 4173, the Wall Street Reform and Consumer Protection Act, on December 11, 2009. Read AFR’s statement on its passage below. Read all of our posts about the battle in the House here. Read more about the battle in the House:
The Senate passed S. 3217, the Restoring American Financial Stability Act, on May 20, 2010. Read AFR’s statement about its passage below. Read all our posts about the battle in the Senate here. Read more about the battle for reform in the Senate: General letters and miscellaneous topics
A House and Senate Conference Committee met in June 2010 to hammer out the differences between their versions of financial reform bill. On June 29, they issued their final report which was subsequently passed by both chambers and signed into law by President Obama. Below
During 2009 and 2010, AFR fought for the strongest possible law to protect consumers, businesses and taxpayers from another financial collapse. A final bill called the “Dodd-Frank Wall Street Reform and Consumer Protection Act” became law on July 21, 2010. Read our statement on its
Jim Hightower: Bank fees are more outrageous than ever before Excerpt: How’s this for gratitude? Wall Street bankers, whom we’ve propped up with a $12 trillion bailout, are quietly slipping offensive little notes into your and my monthly credit card bills and bank statements. The
The Philadelphia Inquirer ran this excellent opinion piece on August 3. Here’s an excerpt: Credit card and mortgage consumers need help to level the playing field. By Adam Benforado The $3-trillion-a-year consumer financial-services industry wants you to play a game with them, one on one.