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.
FOR IMMEDIATE RELEASE CONTACT: Doug Gordon
DATE: Friday, January 15, 2010
AFR Urges Chairman Dodd Not To Dump Cornerstone of Reform: Consumer Financial Protection Agency
If Big Banks Win, Consumers Will Lose
Washington, D.C. – Americans for Financial Reform …
JOINT STATEMENT OF SHARED PRINCIPLES
FOR NEEDED REFORMS
IN THE FUTURES/DERIVATIVES MARKETS
AS REVISED AND AGREED TO AT THE JOINT MEETING
OF MEMBERS OF THE COMMODITY MARKETS OVERSIGHT COALITION
AND THE
AMERICANS FOR FINANCIAL REFORM
January 7th, …
Wall Street has quickly rediscovered the virtues of mammoth paychecks. Why hasn’t there been more financial reform?
By ALAN S. BLINDER
I hear Gordon Gekko is making a comeback. So is greed.
They say markets are …
The Hartford Courant published this op-ed in support of the CFPA. Here is an excerpt:
Just over 100 years ago, Upton Sinclair’s expose “The Jungle” shocked the American public with lurid details of Chicago’s unsanitary meat …