The LA Times ran this article about the Consumer Financial Protection Agency. Here’s an excerpt: [W]hen the House passed the massive Wall Street Reform and Consumer Protection Act on Dec. 11, Congress took the first step toward creating a national watchdog for home buyers and
The Washington Post ran this article pointing out mistakes made by the Federal Reserve Board. Here is an excerpt: Just as the Fed had failed to protect borrowers from the consequences of subprime lending, so too had it failed to protect banks. The central bank’s
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 activities of lobbyists on behalf of these institutions or associations of which
On Dec. 17, SEIU and community groups gathered on the doorstep of Wells Fargo in downtown San Francisco to protest the banks the week that they announced billions in year-end bonuses. Watch as leaders from the Contra Costa Interfaith Supporting Community Organization deliver a letter
US Taxpayers spent $180 billion to bail out AIG – and bought an 80% stake in the company in the process. Sign the open letter to AIG here! As taxpayers and majority shareholders in AIG, we ask that you immediately release all emails, internal accounting
The Boston Globe named Elizabeth Warren Bostonian of the Year because of her many achievements as a consumer activist. They say: It seemed as if the banks and other firms got a $700 billion bonanza and the American taxpayer got the shaft. But along came
Email bonusballots@ourfinancialsecurity.org for more details about any of these events. Please note which city’s events you are inquiring about. Hope to see you there! Orlando, Florida: Friday, Dec 18, 2:30 pm at Bank of America, 800 John Young Pkwy. Contact Stephanie Porta for more details:
Tonight’s protest at Bank of America in Washington – and others planned around the country – were the subject of this article in the Washington City Paper. Here’s an excerpt: The anti-fat-cat carols were the brainchild of Denise Bowyer, 53, an insurance exec from Mount
The Detroit News published this insightful editorial by professor John A.E. Pottow. He tries to uncover the Chamber of Commerce’s opposition to the CFPA, and discovers: “This group fears that meaningful government oversight will make it impossible to sandbag consumers who can’t really compare price
Despite unleashing havoc on the global economy, Wall Street is on track to pay out an all-time record in bonuses and compensation this year. The nation’s six largest banks alone – Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Morgan Stanley –