June 23, 2010 Dear House Conferee: While the Senate offer on the Consumer Financial Protection Bureau is generally good for consumers, there are a number of outstanding issues that need further enhancement. Our priorities for improving the Senate offer are as follows: Consumer Financial Protection
Professor Elizabeth Warren was on Fox Business yesterday to talk about financial reform and the need for a Consumer Financial Protection Agency that covers all lenders, including auto dealers. You can watch the video here or below. Watch the latest business video at video.foxbusiness.com
The Washington Post published this commentary from Susan Weinstock of the Consumer Federation of America. Here is an excerpt: By Susan K. Weinstock Monday, June 14, 2010 Contrary to the commentary by auto dealer Tammy Darvish [“A fight on the front lines of the auto
Nobel Prize winning economist Joseph Stiglitz writes in Politico about the upcoming Conference Committee between the House and Senate. He writes: The future of improved financial regulations depends largely on how the differences between the House and Senate bills are resolved. If the strongest provisions
June 2, 2010 Senator United States Senate Washington, DC 20510 Dear Senator: As a conferee on the financial reform bill, you will certainly be hearing from the auto dealers about their interest in being exempted from the new Consumer Financial Protection Agency. We maintain that
Senator United States Senate Washington, DC 20510 Re: SUPPORT MERKLEY-LEVIN, OPPOSE BROWNBACK AMENDMENT IN ANY FORM Dear Senator, On behalf of Americans for Financial Reform (AFR), we urge you to support the Merkley-Levin Amendment to S. 3217, the Restoring American Financial Stability Act of 2010,
OPPOSE AMENDMENT #3789 Senator Brownback’s Modified Amendment #3789 which provides a special interest carve out for auto dealers, does not protect US military personnel or any other American consumer from the abusive and unscrupulous practices of some auto dealers. The auto dealer exemption, as now
The industry that has the most complaints to the Better Business Bureau should not be exempted from consumer protection Consumer Federation of America: “In the fight over Senator Brownback’s (R-KS) amendment exempting auto dealers from the proposed Consumer Financial Protection Agency, representatives of the military
$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress. $600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the first major federal bailout of Bear Sterns in March
FOR IMMEDIATE RELEASE DATE: May 12, 2010 Say No To Special Interest Loopholes Auto dealers do not deserve a carve out from consumer protection Washington, DC – Americans for Financial Reform urges the Senate to reject any efforts by special interests to weaken consumer protection,