Featured Story »
AFR Press Statement: President Obama’s Recess Appointment of Richard Cordray
January 4, 2012 – 11:02 am | Comments Off

Consumers won today when President Obama defied Wall Street interests to make a recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau. President Obama stood with consumers and families in making this crucial decision.

Read the full story »
This Week in Wall Street Reform
November 18, 2011 – 3:45 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – November 11, 2011 – November 18, 2011.
Note: TWiWSR will not be compiled next week – see you December 2nd.

AFR, NCLC, and Allies Comment Letter: Financial Inclusion Critical to Economy Recovery
November 16, 2011 – 5:37 pm

AFR along with NCLC and other allies submitted a comment to the Department of Treasury on finanical inclusion.

Press Release: Consumer Advocates Renew Call for Fully Functioning Consumer Financial Protection Bureau
November 15, 2011 – 4:16 pm

“I want to draw attention to one of the biggest financial issues facing seniors and this country today – elder financial abuse and exploitation. Whether you call it a hidden epidemic or the Crime of the 21st Century, as some have, it is a serious problem that we need to address. The numbers paint a sobering picture. According to a study by the MetLife Mature Market Institute, Americans over the age of 65 lost more than $2.9 billion to financial abuse and exploitation in 2010, a 12 percent increase from the $2.6 billion estimated in 2008. …More disturbing is the $2.9 billion the MetLife study estimated represents only a fraction of all instances of financial exploitation against older Americans because elder financial abuse and exploitation is underreported.”

AFR Press Statement: News Reports of CFTC Budget Freeze
November 15, 2011 – 3:25 pm

“News reports indicate that House-Senate conference committee is cutting the administration’s $308 million budget request for the Commodities Futures Trading Commission (CFTC) by one-third, to $205.3 million, a near funding freeze. This leaves the agency without the funding it needs to do its job and will make it impossible to implement key aspects of financial reform. This is not just a budget question: this is a question of whether Washington is serious about bringing oversight and reform to Wall Street at all.”

AFR Letter: Oppose Legislation Providing Regulatory Loop Holes to Big Banks
November 15, 2011 – 11:30 am

AFR sent a letter to members of the House Financial Services Committee asking that they oppose legislation in today’s Capital Markets Subcommittee hearing that would provide regulatory loopholes to big banks.

Fact Sheet and Talking Points: The Fight for a Strong CFPB and Director
November 15, 2011 – 10:42 am

Read our fact sheet, “The Fight for a Strong Consumer Financial Protection Bureau and Director” here
Read our talking points on Richard Cordray’s Nomination to Lead the CFPB here
————————————————————————————————-
The Fight for a Strong Consumer Financial Protection …