Category Archives: In the News

“Robin Hood” Tax Could Raise $700 Billion

More than 50 charities are supporting a British campaign to levy a tax on transactions between financial institutions, which can be used to help fight poverty, protect public services and tackle climate change.   The 0.05% “Robin Hood” tax on financial trades could raise $700bn for

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South Bend Tribune: Loan Reform Needed

A student at the University of Indiana published this op-ed in an Indiana paper supporting the Consumer Financial Protection Agency. High-cost, unregulated private student loans are just one example of why we need a strong Consumer Financial Protection Agency. U.S. Sen. Evan Bayh, D-Ind., sits

Heather Booth: Beware Frank Luntz’s Lies

AFR Director Heather Booth has a new column on the Huffinton Post exposing Frank Luntz’s lies about financial reform.  Here’s an excerpt from her post: Seen this ad from the “Committee for Truth in Politics”? If the name weren’t comical enough, the visuals are. But

Watch AFR’s John Taylor on Fox Business News

John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC), discussed the next wave of AIG bonuses on Fox Business News. In response to another guest’s hemming and hawing about what is appropriate compensation and how a salary is defined, John really made

Paul Volcker: How to Reform our Financial System

Paul Volcker, Chairman of the president’s Economic Recovery Advisory Board and former Federal Reserve Chairman, published this op-ed in the New York Times.  Here are excerpts: The phrase “too big to fail” has entered into our everyday vocabulary. It carries the implication that really large,

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Reuters: Derivative Reforms Key for US Recovery – Gensler

Reuters reports: Reforming the $450 trillion derivatives market is key to removing the risks of financial markets, and greater central clearing of privately traded derivatives is a vital part of that, the head of the Commodities Futures Trading Commission said on Friday. Central clearing, in

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NPR: Making the Move to Community Banks

NPR’s All Things Considered talked with a consumer in California who moved his money to a community bank, and discussed the Move Your Money campaign.  Listen here.

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CNN Opinion: Tax Wall Street to Create Jobs on Main Street

Leo Hindery, Jr. is chair of the US Economy/Smart Globalization Initiative at the New America Foundation. He is the former chief executive of AT&T Broadband and other major media and telecom companies, and published this editorial on CNN Opinion. New York (CNN) — What if,