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Protect our Homes and Neighborhoods

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

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 Study Shows Foreclosures Rattle the Bedrock of Latino Families
February 17, 2010 – 4:39 pm

The National Council of La Raza (NCLR) partnered with the Center for Community Capital (CCC) at the University of North Carolina to produce their recent report titled The Foreclosure Generation: The Long-Term Impact of the …

North Carolina Secretary of State Drops Off Petition at Senator Burr’s Office
February 15, 2010 – 11:02 am

The News Observer reports that the NC Secretary of State, Elaine Marshall, dropped off a petition with 2,500 signatures supporting financial reforms to the office of Republican Senator Richard Burr.  Marshall will be running against …

Washington Post: Campaign builds to include new consumer protection agency in financial reform
February 11, 2010 – 3:36 pm

Heather Booth, AFR’s Executive Director, was quoted in this Washington Post article.  Here is an excerpt:
Heather Booth, executive director of Americans for Financial Reform, said that the advocacy campaign has reached a critical moment and …

Oregon State PIRG Wants the Banks to Show Their Work When Denying Loan Modifications
February 10, 2010 – 11:23 am
Oregon State PIRG Wants the Banks to Show Their Work When Denying Loan Modifications

Oregon State Public Interest Research Group (OSPIRG) has been working with the state government to help prevent foreclosures and protect consumers.  The importance of this fight and the work done by this group was recently …

From Foreclosure to Redlining: How America’s Largest Financial Institutions Devastated California Communities
February 8, 2010 – 1:20 pm

The California Reinvestment Coalition released this report (PDF) about subprime lending to communities of color in California.  Here are their key findings:
Lenders saturated California neighborhoods with high-cost and predatory loans:

In 2006, in each city, lenders …