Articles tagged with: House
The House vote to approve this legislation, largely written by Citibank lobbyists, reminds us that Wall Street is still doing everything in its power to protect the status quo that caused the financial crisis… The good news is that 122 House members voted No this time. What started out as a backroom deal between bank lobbyists and legislators wound up being an uncomfortable vote for the dealmakers. That makes it much less likely that the Senate will act, and more likely that the swaps push out provision will finally be implemented.
AFR sent a letter to members of Congress yesterday regarding a piece of legislation that would threaten the ability of the CFPB to sufficiently protect consumers. If enacted, this bill would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.
Read our letter opposing language in the FY2011 Appropriations Bill that would weaken the Consumer Financial Protection Bureau here.
DATE: December 17, 2009
Washington, DC – Just days after top banking executives met with President Obama and said they would close the gap between their support for financial regulatory reform and “the …
Americans for Financial Reform supported H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, which will provide much-needed financial regulations and calls for the creation of a Consumer Financial Protection Agency. Read …
FOR IMMEDIATE RELEASE
DATE: December 11, 2009
House Advances Financial Reform, Consumer Financial Protection Agency
A Major Step for American Families
Washington, D.C. – Americans for Financial Reform released the following statement upon passage of …
AFR, the Leadership Conference on Civil Rights, and many other groups signed the following letter to members of the House of Representatives regarding the Walt Minnick amendment to H.R. 4173.
Download this letter as a PDF.
Americans for Financial Reform is supporting H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009.
The need for this legislation could not be more obvious. Years of deregulation have produced a financial system …