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.

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Video: Heidi Montag Says No to Plastic, Yes to the CFPA
March 9, 2010 – 11:11 am | Comments Off

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 …

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Police Wall Street

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.

Protect our Homes and Neighborhoods

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.

End Taxpayer Funded Bailouts

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.

Create a Consumer Financial Protection Agency

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.

Hot Policy Topics: An Independent CFPA

The CFPA must be independent – not subject to veto or approval by any prudential regulator or any other person or board. Read why.

Regulating the Derivatives Market is Crucial to Our Economic Security
November 30, 2009 – 12:05 pm

Unregulated derivatives trading were a major cause of the economic crisis and loss of homes, jobs and retirement savings.
Inadequate regulation of derivatives was also a major contributor to last years energy price bubble.
The volume of …

Consumerism Commentary
November 29, 2009 – 1:54 pm

Host Tom Dziubek spoke with Heather Booth, Executive Director of Americans for Financial Reform.  Americans for Financial Reform is a coalition of over two hundred national, state and local consumer, labor, retiree, investor, community and …

Consumers Lost $65 Million to Banks on Black Friday
November 27, 2009 – 1:04 am
Consumers Lost $65 Million to Banks on Black Friday

The Center for Responsible Lending warned consumers this Black Friday to watch out for overdraft loans.  Every day, consumers lose $65 in overdraft fees to banks.  As CRL explains:
At $24 billion per year in fees, …

The New Republic: Could Wall Street Actually Lose in Congress?
November 25, 2009 – 8:06 am
The New Republic:  Could Wall Street Actually Lose in Congress?

The New Republic published this article detailing how Members of Congress have shifted their thinking on derivatives – and for once, the shift benefits Main Street rather than Wall Street.  The article cites pressure from …