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.
National People’s Action released the 2009 Chicago Foreclosure report with Senator Durbin yesterday. The report, written by NPA Research Analyst Nick Bianchi, shows that 2009 was the worst year ever for foreclosures in Chicago, …
Read the full story »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.
Last night in his State of the Union address, President Obama reinforced his ambitious agenda to fix the economy and enact financial reform, including measures to hold Big Banks accountable for their reckless actions that …
The Los Angeles Times recently ran this piece about President Obama’s new financial reform proposals, focusing on those which tackle high-risk securities trading and investments in private equity funds and hedge funds.
“The staging of the …
Politico.com recently posted an article about President Obama’s new proposals to rein in Wall Street, and mentioned the efforts of Americans for Financial Reform, especially in generating petitions and letters to Congress.
“But those who like …
In an editorial titled “Opposite of Bold,” the New York Times endorsed the Obama Administration’s proposal to levy a Financial Transaction Tax on banks:
Mr. Obama also must … embrace ways to pay for initiatives, such …