For too long, the rules of Wall Street have been written by the bankers themselves. This year, that has to change.
Americans for Financial Reform is working to reform the nation's lending industry and financial system. We're working to protect Americans' neighborhoods, homes and pocketbooks by creating an economy that works for everyone.
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, Americans for Financial Reform: “We applaud Chairman Dodd …
Heads they win, tails we lose! Wall Street gambled with our savings, collected billions, and then left taxpayers to pay the price when the economy went south. We need new rules to keep Wall Street in line. Read more.
To restore the economy and create jobs, banks must offer good, safe loans to consumers, homeowners and businesses. We need to end the foreclosure crisis and stop people losing their homes, and we need community reinvestment that directs responsible lending to our communities and businesses. Read more.
No more foxes guarding the chicken coop: banks should not be able to pick their own regulators. And “too big to fail” should be too big to exist. To prevent the next crisis, we need accountable, transparent and democratic regulators to prevent banks from getting too big or acting irresponsibly. Read more.
We need this agency to protect us from abusive financial products, just as we have clear rules to prevent the sale of poisonous food, drugs with deadly side effects, and toasters that are likely to explode. Read more.
The CFPA must be independent – not subject to veto or approval by any prudential regulator or any other person or board. Read why.
James Crotty, Gerald Epstein, and Iren Levina have co-authored an article regarding financial reform, the “Volcker Rule”, and the real cost of propriety trading. Here is the introduction to the article:
President Obama’s endorsement of the …
The following letter was delivered to Senator Dodd on February 23, 2010 by Public Citizen, a partner of Americans for Financial Reform. AFR’s coalition helped direct consumers toward this pro-reform petition which was signed by …
For immediate release
February 24, 2010
AFR Calls on Senate to Maintain Strong Corporate Governance Reforms
Says Board Failures a Key Factor in Financial Meltdown;
Questions Credibility of U.S. Chamber of Commerce-led Opposition
WASHINGTON, D.C. – With the U.S. Senate …
An article in yesterday’s New York Times talked about new efforts from the White House on behalf of financial reform legislation.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying …