Category Archives: Financial Reform News

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AFR Supports Federal Reserve Transparency Amendment

April 26, 2010 Dear Senators Sanders, Feingold, DeMint and Vitter: As members of Americans for Financial Reform, a coalition of over 250 consumer, employee, investor, community and civil rights groups, we write you today to convey our strong support for your Federal Reserve transparency amendment

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AFR Letter Regarding Aiding and Abetting

April 22, 2010 Honorable Arlen Specter                                                  Honorable Jack Reed U.S Senate                                                                               U.S. Senate 711 Hart Senate Office Bldg.                                           728 Hart Senate Office Bldg Washington, DC  20510                                                    Washington, DC 20510 Dear Senators Specter and Reed: The undersigned organizations write to express our strong support

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Credit Rating Agencies Franken Letter of Support

May 4, 2010 Hon. Al Franken 320 Hart Senate Office Building Washington, DC 20510 Re: Support the Franken Amendment to Eliminate the Conflict of Interest in Credit Rating Assignments Dear Senator Franken: We are writing on behalf of the undersigned organizations to express our strong

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AFR Letter of Support for Menendez Amendment Regarding Executive Hedging

U.S Senator Robert Menendez 528 Senate Hart Office Building Washington, DC 20515 April 22, 2010 Dear Senator Menendez: The over 250 consumer, employee, investor, community and civil rights groups who are members of the Americans for Financial Reform (AFR) write to express our strong support

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AFR Letter Regarding the Restriction of Forced Arbitration

United States Senate Washington, DC 20510 April 23, 2010 Dear Senator: We write to express our support for the provisions in the Restoring American Financial Stability Act of 2010 that give the Bureau of Consumer Financial Protection (CFPB) and the Securities and Exchange Commission (SEC)

Senate Debates Financial Reform

“The Restoring American Financial Stability Act” (S. 3217) is a good start but must be strengthened as it is discussed in the Senate.  Read about the key ingredients to real financial reform. Read our fact sheets and letters to Congress about the bill. Read all

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Fact Sheet: No Carve-Outs for Auto Dealers

Auto dealers are heading to Capitol Hill seeking a special carve-out from the “Restoring American Financial Stability Act of 2010” (S. 3217), which aims to put an end to the reckless practices of Wall Street and the abusive and discriminatory tactics by finance companies of

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Examples of State Consumer Protection Laws that Have Been Preempted

Courtesy of the National Consumer Law Center April 28, 2010 The following are examples of state laws that have been preempted by federal bank regulations.  Section 1044 of S. 3217, the Restoring American Financial Stability Act, allows bank regulators to continue preempting state laws but requires them

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Why Small Business Supports Wall Street Reform

STATEMENT FROM THE SOUTH CAROLINA SMALL BUSINESS CHAMBER OF COMMERCE 1717 Gervais Street, Columbia, SC 29201 www.scsbc.org Statement of Frank Knapp, Jr., president and CEO, The South Carolina Small Business Chamber of Commerce. April 21, 2010.  Press conference with Senators Richard Durbin, Jack Reed and