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
One of many bank employees working with SEIU came forward to uncover predatory banking practices that harm consumers and communities. The bank executive spoke to ABC News on the condition that ABC News not show his face or name him, because he feared coming forward
One of the hot topics concerning the Senate Bill which passed the Banking Committee on Monday is the right of shareholders to influence decisions about their board of directors. The LA Times published an Opinion piece explaining that shareholders need a bigger say to prevent
Senator Dodd has released his financial reform proposal. AFR thanks Senator Dodd for taking this important step towards fixing our broken financial system. It has been a year and a half since our economy crashed and the Senate must not wait any longer to act.
This information is courtesy of AFR member Consumer Federation of America. Payday Lending should be covered by the Consumer Financial Protection Bureau! Payday lending is predatory lending. Loans are extremely expensive, made without determination of ability to repay, trap borrowers in debt, and put a
U.S Senator Robert Menendez 528 Senate Hart Office Building Washington, DC 20515 March 22, 2010 Dear Senator Menendez, The over 200 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) write to express our strong support for
The following materials are specific to the upcoming Call-in Days and corresponding actions on April 26-28. Sample Call-In Days Action Alert Text AFR link to landing page: http://www.affil.org/callin Modifiable State Specific Flier (.doc) *** This flier must be filled in with Senator’s name Coalition Flier
Opinion by Sen. Jon Tester Published in the Billings Gazette March 21, 2010 You’ve probably already seen the ads on TV or heard them on the radio. Out-of-state groups are shelling out millions to sway your opinion on a very important bill I’m working on
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