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.
Click here to watch! Then call your Senators toll free (866-544-7573) and tell them to support financial reform.
Heidi Montag knows a thing or two about plastic. The star of The Hills recently had 10 plastic …
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.
This information is courtesy of AFR member the National Consumer Law Center:
In the debate over the Consumer Financial Protection Agency (CFPA), some have argued that an independent CFPA might issue rules that jeopardize bank safety …
This article from Zach Carter with SNL Financial outlines the problems with the current regulation, and lack thereof, of Refund Anticipation Loans.
Click here for the article (pdf).
Ann Brown, former Chair of the US Consumer Product Safety Commission, recently submitted this Op-Ed to The Hill in support of a CFPA. She says:
As former chair of the U.S. Consumer Product Safety Commission, I …
Deborah Jackson, is one member of a group of businesswomen who went to Congress this week to speak on behalf of a Consumer Financial Protection Agency. Watch Deborah’s interview below and learn more about the …