Category Archives: Financial Reform News
CNBC Article on Consumers’ Attitude Toward New Legislation
CNBC reported that consumers are almost unanimous about the need for financial reform. The article touched on different activist campaigns that are underway concerning the issue. Also discussed was the resistance coming from organizations such as the American Bankers Association. Americans for Financial Reform was
Small Business Owners Call on U.S. Chamber to Reveal Funders of Ads Attacking Financial Reform
For Immediate Release: March 17, 2010 SMALL BUSINESS OWNERS CALL ON U.S. CHAMBER TO REVEAL FUNDERS OF ADS ATTACKING FINANCIAL REFORM Small business owners available for comment Washington, DC – Immediately after Senate Banking Committee Chairman Christopher Dodd released his long awaited financial reform package
Springfield Says “No” to Payday Loans
[Springfield, MO] – Local advocates and consumers gathered outside Advance America, 1773 S Glenstone today, Wednesday, March 17, to protest financial abuses by payday loan companies. Advance America is the nation’s largest payday lender and is actively opposing reform of its industry. As the Senate takes up
National People’s Action, Senator Durbin Release Devastating Chicago Foreclosure Report
National People’s Action released the 2009 Chicago Foreclosure report with Senator Durbin yesterday. The report, written by NPA Research Analyst Nick Bianchi, shows that 2009 was the worst year ever for foreclosures in Chicago, with the crisis deepening in middle class communities. The report speaks
Huffington Post: The Two Rules of Real Financial Reform
Fight Club fans take note! AFR Executive Director Heather Booth wrote up the rules of real financial reform for the Huffington Post. Here are first few: The first rule of real financial reform is that you can’t stop fighting for it. The second rule of
CFPA and Nonbanks: A Snapshot
Our friends at the National Consumer Law Center have put together a great two-page report on the dire need for federal regulation of non-bank lenders. The report focuses on the problems created by the current lack of regulation of debt collectors and debt buyers, credit
Jeff Gelles on Why We Need an Independent CFPA
Columnist Jeff Gelles recently wrote this piece about the importance of creating an independent Consumer Financial Protection Agency (CFPA). He focuses on the way current regulators, specifically the OCC, failed to do anything to effectively protect consumers. He speaks of one man’s trouble with abusive
Sign the Petition to Hold Big Banks Accountable
Sign our latest petition to hold big banks accountable! Urge your Senators to support financial reform and the Consumer Financial Protection Agency. Write to your Senators today and ask them to resist the Wall Street lobbyists, and stand up for the rest of us. As
Song A Day #419: The Robin Hood Tax
Jonathan Mann sings this funny and informative song about the “Robin Hood Tax,” also known as the Financial Transaction Tax (FTT).