On Monday, April 12, 2010, Ocean State Action hosted a press conference with RIPIRG, Direct Action for Rights and Equality (DARE), Local Initiatives Support Corporation (LISC), the Office of the Attorney General of RI and others, calling for the creation of an independent CFPA. The
Financial reform is making headlines – and appearing in the comics! By Joel Pett, USA Today From the Cartoonist Group. (Thanks to our friends at the Center for American Progress for sharing this with us.)
Billionaires for Blunt visited Ozark, Missouri Wednesday to greet Congressman Blunt at the Ozark Chamber of Commerce and thank him for continuing to support big banks, pharmaceutical giants, insurance companies, big coal, big oil and big tobacco, all at the expense of “hard-working” Missourians. Billionaire
On Tuesday, we hosted a successful webinar with Professor Elizabeth Warren, AFR Director Heather Booth, and Americans for Fairness in Lending. Thanks to everyone who was able to join us for this exciting online event! We had a great conversation and had tons of thoughtful
Tell the Chamber of Commerce and the Big Banks to stop lying about the CFPA! A new website is “declaring war” on the Chamber of Commerce, which has been spreading lies about the CFPA. Watch the video and visit the site!
The Senate passed and the President signed into law a bill which will eliminate the Federal Family Education Loan (FFEL) student lending program. Instead, all government loans will use the “Direct” lending program. AFFIL applauds this change, as it will eliminate the subsidies to the
The Honorable Marcy Kaptur United States House of Representatives Washington, DC 20515 March 31, 2010 Dear Representative Kaptur: We are writing in support of H.R. 3995, the “Financial Crisis of 2008 Criminal Investigation and Prosecution Act of 2009,” authored by Representative Marcy Kaptur. In the
Consumer rights activists staged a protest inside the Bank of America building in St. Louis on March 24th. The protesters, organized as part of the People’s Settlement, called for a freeze on foreclosures and specifically sought a conversation with Jack Shackett, Bank of America’s Credit
In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). Consumer advocates strongly opposed this bill, warning that it was designed only to profit credit card companies while harming consumers. A study ordered by Congress when the passed the bill has proven
A recent study funded by the National State Attorneys General Program at Columbia Law School found that federal action to exempt national banks from state anti-predatory lending laws resulted in more defaults and riskier lending compared to other banks. At the same time, the study