Category Archives: Financial Reform News

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Preventing Foreclosures for the Unemployed

June 10, 2010 The Honorable Christopher Dodd The Honorable Barney Frank Re: Preventing foreclosures for the unemployed We strongly encourage the Conference Committee to support inclusion of the House passed provision to create a loan program for jobless homeowners in the final version of the

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AFR to Conference Committee: Use States as First Responders

Real Reform Won’t Allow National Banks to Ignore State Laws Targeting New Abuses Not Yet Addressed in Federal Law Urgent Recommendation to Joint Conference Committee on Financial Reform: Keep the House language that requires a “substantive federal standard” before allowing national banks to ignore state

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AFR Conference Derivatives Letter

June 11, 2010 Chairman Christopher Dodd United States Senate Washington, DC 20510 Chairman Barney Frank United States House of Representatives Washington, DC 20510 Dear Senator/Representative: We write on behalf of Americans for Financial Reform, an unprecedented coalition of over 250 national, state and local groups

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BanksterUSA: No More Gambling with Taxpayer Money!

BanksterUSA.org explains why we need strong language to rein in the derivatives market: Reckless swaps and derivatives trading played a critical role in the financial crisis, inflating the domestic housing bubble and turning it into a global economic catastrophe. As the House and Senate conference committee begins

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AFR to Congress: Protect Investors and Impose a Fiduciary Duty on Swaps Dealers

Chairwoman Blanche Lincoln 328A Russell Building Washington, DC 20510 Ranking Member Saxby Chambliss 328A Russell Building Washington, DC 20510 Chairman Collin Peterson 1301 Longworth House Office Building Washington, DC 20510 Ranking Member Frank Lucas 1305 Longworth House Office Building Washington, DC 20510 Dear Members: On

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Mortgage and Foreclosure Issues in Financial Reform Conference

The Honorable Christopher Dodd Chairman Senate Committee on Banking, Housing and Urban Affairs Washington, DC 20510 The Honorable Barney Frank Chairman House Committee on Financial Services Washington, DC 20515 RE:  Mortgage and Foreclosure Issues in Financial Reform Conference Dear Chairman Dodd and Chairman Frank: Thank

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Transparency without delay for action to hold Wall Street Accountable

June 7, 2010 Re: Transparency without delay for action to hold Wall Street Accountable Dear Member of Congress: We applaud your efforts to enact strong financial reform legislation and look forward to working with you to pass this important bill through conference before the July

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Op-Ed: Toasters safer; why not bank products?

This op-ed was placed in the Tennessee Opinion by Krissa Barclay, for­mer chair­man of the David­son County Demo­c­ra­tic Party, and Lauren Saunders, managing attorney at the National Consumer Law Center. This piece makes note of the differences in safety and transparency between commercial products and