FOR IMMEDIATE RELEASE CONTACT: Lauren Weiner, 202-470-5870 DATE: November 24, 2009 Washington, DC – Americans for Financial Reform statement on the American Financial Services Association’s attacks on the proposed Consumer Financial Protection Agency: Heather Booth, Director, Americans for Financial Reform: “It is not surprising that
Siegel+Gale put together this PDF which boils down a sample credit card’s terms to one page. While the language is simpler than your average 30-page contract, it’s still not ideal; note that the late fee is still $39, there’s Binding Mandatory Arbitration language, and the
Have you ever waded through pages and pages of credit card contracts in an attempt to figure out what your interest rate will be? Have you overdrawn your account by a few cents, only to get slammed with a disproportionate fee? Would you be upset
According to TIME Magazine, the CFPA is the 19th best invention of 2009. Although it’s not yet reality, and it was conceived well before 2009, at AFR we appreciate the point. Read more here – and cast your vote on TIME’s sliding scale about how
Protesters rallied in front of Chase bank in Indianapolis on Thursday, Nov. 19 to demand the banks stop preying on the public with their excessive fees. JP Morgan Chase is among the biggest of the “too big to fail” financial institutions who were bailed out
Americans for Financial Reform and our partners sent this letter (PDF) to Senators Dodd and Shelby this week regarding the need to treat auto dealers the same as other lenders under the CFPA: On behalf of our organizations we commend the Chairman’s introduction of a
AFR and other groups sent this letter (PDF) to members of the House Financial Services Committee. Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil
On Tuesday November 17, Damon Silvers of the AFL-CIO debated Ed Yingling of the American Bankers Association about how best to reform our financial system and restore the economy. Visit the Aspen Institute for more information and watch below!
According to the New York Times, “Robert Benmosche, chief executive of [AIG] since August, confirmed that he was “frustrated” about how long it was taking to devise an executive compensation plan that was “fair” but did not violate the restrictions the government has placed on
House Financial Services Committee 2129 Rayburn House Office Building Washington, D.C. 20515 November 17, 2009 Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil rights