Category Archives: Financial Reform News

Watch Bank of America Negotiate with Homeowners

Tomorrow evening, PICO faith leaders will take a big step forward to hold big banks accountable to our communities. PICO leaders from across the country will travel to Antioch Family Church in Antioch, CA to participate in the nation’s first negotiation session since the financial

Enter the Dangers of Debt Image Contest

Our good friends at Consumers Union have started yet another cool contest.  This time, they’re asking you to submit any image which somehow speaks to the dangers of debt.  The winner gets a one year subscription to Consumer Reports Online AND $1,000!  Three runners up

Why the CFPA Will Benefit You

Read our fact sheets about how the CFPA will benefit African Americans, Asian Americans and Pacific Islanders, Children and Families, Latinos (available in English and Spanish), Rural Americans, Seniors, Women, and Young Americans. African Americans (PDF) Asian Americans and Pacific Islanders (PDF) Children and Families

IMF Study Links Lobbying by US Banks to High-Risk Lending

A working paper from the IMF titled “A Fistful of Dollars: Lobbying and the Financial Crisis” (PDF) shows a connection between lobbying and high-risk lending.  The Guardian UK discusses the article and its possible impact: Powerful American banks spending lavishly on lobbying are more likely

AFR Thanks Sen. Chris Dodd for His Leadership

FOR IMMEDIATE RELEASE CONTACT:  Lauren Weiner, 202-470-5870 DATE: January 6, 2010 AFR Hopes His Vision on Financial Regulatory Reform Will Carry Through Washington, DC – Americans for Financial Reform issued the following statement regarding Banking Committee Chairman Chris Dodd’s announcement that he will not run

Jim Wallis: A Religious Response to the Financial Crisis

The Washington Post published Jim Wallis’s insightful and moving editorial.  Here is an excerpt: One cold morning the week before Christmas, I found myself huddled with a group of homeowners and religious leaders on Pennsylvania Avenue, in the shadow of the White House and the

Scroogism Wrecking America

McClatchey News Service is distributing this op-ed by AFR’s ally Holly Sklar of Business for Shared Prosperity.  Here is an excerpt, courtesy of the Lexington Herald-Leader: The Scrooges of Wall Street were surprised a year ago by visits from the Ghosts of Christmas Past, Present

Business Owners: Sign our Petition in Support of the CFPA!

AFR is partnering with Business for Shared Prosperity in support of the Consumer Financial Protection Agency (CFPA). Our elected officials need to know that the Chamber of Commerce’s anti-reform message is not representative of our views! Current and retired business people and investors, please show

What Caused the Crisis at AIG?

US Taxpayers spent $180 billion to bail out AIG – and bought an 80% stake in the company in the process.  Sign the open letter to AIG here! As taxpayers and majority shareholders in AIG, we ask that you immediately release all emails, internal accounting