The Cost of Reform
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.)
Category Archives: Financial Reform News
Billionaires for Blunt
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
Exploding Toasters and the Fight for Reform
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
Stop the Chamber’s Lies
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!
Health Care Reform Also Reforms Student Lending
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
Letter to Rep. Kaptur in Support of H.R. 3995
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
Protesters at Bank of America Call for a Freeze on Foreclosures
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
New Study: Bankers Dead Wrong About Effects of Bankruptcy Reform
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
New Study Finds that Preemption Resulted in More Defaults and Riskier Lending
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
Former Bank Employee: Banks Give Homeowners the Runaround
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