Organized by Americans for Financial Reform and their coalition partners, Association of Community Organizations for Reform Now (ACORN) and PICO National Network, held a press conference today highlighting testimony from homeowners whose lenders continue to drag their feet performing loan modifications, despite the Administration’s plan
To find out who your Representative is and how to contact him/her, go to this site. Write, email or call your Member of Congress and tell him or her: “I support the creation of a new agency – one that’s accountable to the public, and
FOR IMMEDIATE RELEASE Published July 21, 2009 5:06 PM Marcus Mrowka, 202-730-7759, marcus.mrowka@seiu.org Congress Must Not Buckle to Corporate Interests on Financial Reform WASHINGTON, DC— Today, the Service Employees International Union released a statement from Secretary-Treasurer Anna Burger following reports that Congress is delaying action
In testimony last week by Fed Governor Elizabeth Duke (a former American Bankers Association official) and yesterday by Fed Chairman Ben Bernanke, the Federal Reserve has argued that it deserves to keep authority over consumer protection. CONTINUE AT http://static.uspirg.org/consumer/archives/2009/07/ten_reasons_not.html
Read the USA Today Article
Listen to Professor Warren explain clearly and compellingly why the financial system is broken and how a Consumer Financial Protection Agency is one critical element of true comprehensive financial reform Click here to See Professor Warren explain the need for a Consumer Financial Protection Agency
Download this testimony as a PDF. Introduction: This testimony describes why we recommend that consumer protection for financial products and services be consolidated within a new federal Consumer Financial Protection Agency. A review of the history of consumer protection by the Federal Reserve and the