Protect Investors from Wall Street Abuses: Make Brokers and Swaps Dealers Act in Their Customers’ Best Interests Click here for a pdf version of this letter. The recent hearing in the Permanent Subcommittee on Investigations on Goldman Sachs has awakened many people to the extent
May 11, 2010 The Honorable Christopher Dodd The Honorable Richard C. Shelby Dear Chairman Dodd and Senator Shelby, On behalf of the Independent Community Bankers of America and its nearly 5,000 member banks, I write to oppose Sen. Brownback’s amendments SA 3789 and SA 3790
Our partners at CMOC (Commodity Markets Oversight Coalition) wrote this letter detailing loopholes that the big banks are trying to slip into the bill under the guise of a fake “derivatives end user” coalition, and clarifies that authentic users of derivatives to hedge have all
As the U.S. Senate debates measures to hold Wall Street accountable for the financial crisis, Commodities Market Oversight Committee (CMOC) supported a letter that hedge-fund manager Michael Masters has written to some of the nation’s biggest businesses asking them explain why they are siding with
Congress is considering creating a Consumer Financial Protection Bureau (CFPB) whose sole mission would be to protect consumers from dangerous financial products and practices. (The CFPB has also been referred to as the Consumer Financial Protection Agency (CFPA).) Why do we need a CFPA? What would it
May 10, 2010 The Honorable Christopher Dodd Chairman Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 The Honorable Richard Shelby Ranking Member Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 Dear Chairman Dodd and Ranking
The financial-industry spent $465 million lobbying in Washington in 2009, which was about $8 million more than in 2008. (The Hill, 2/23/10; Center for Responsive Politics) That’s $1.4 million a day spent on lobbying in 2009 and $1 million per member of Congress. The top
Around the country, people are standing up to the big banks by moving their money out of institutions that are fighting against financial reform. A recent action in Missouri was documented in the Huffington Post: A St. Louis union dumped Bank of America on Friday
Oppose Chambliss Amendment #3816 to Senate bill 3217 which attempts to weaken proposed derivatives regulations Dear Senator: The over 250 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) write to express strong opposition to Amendment No.
Keep State Attorneys General on the Predatory Lending Beat Oppose Amendments to Further Preempt State Authority Dear Senator, We write on behalf of an unprecedented coalition of more than 250 national, state and local groups who have come together to reform the financial industry. Members