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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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.
Americans for Financial Reform and many other groups sent the following letter to Senator Dodd and the members of the Senate Banking Committee arguing that the Consumer Financial Protection Agency should have authority over the …
The House of Representatives is scheduled to vote this week on H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009. Read our letter of support for this bill here.
The banks and others …
When a financial institution fails, only insured depositors should be rescued by the government. Bailouts for other parties, such as shareholders and bond holders, are an unacceptable use of the public treasury to rescue private …
The National Association of Consumer Advocates (NACA) explains why auto dealers must be covered by the Consumer Financial Protection Agency (CFPA).
Download this information as a PDF.
While the vehicles themselves have never been better, predatory auto …