Category Archives: Financial Reform News

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The House

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:

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The Senate

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

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The Conference Committee

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

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The Fight for Financial Reform

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

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Pocono Record: Jim Hightower on Outrageous Bank Fees

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: Taking down dirty lenders

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.

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AFR Urges Congress to Regulate the Derivatives Markets

Americans for Financial Reform (“AFR”) is a coalition of nearly 200 national, state and local consumer, employee, investor, community and civil rights organizations who seek meaningful reform of our banking and financial system. A list of the AFR coalition members is attached. AFR writes to