Category Archives: In the News

NPR: Bill Exempts Auto Dealers From Agency Oversight

NPR’s Morning Edition ran this story about the exemption for auto dealers in the Consumer Financial Protection Agency (CFPA). AFR opposes this exemption, and belives auto dealers should be overseen by the CFPA. (The CFPA would be created by H.R. 4173, the Wall Street Reform

Indy Star: Put Hoosiers’ Welfare Before Big Banks

The Indianapolis Star ran this op-ed today by David Arkush and Ronetta Spalding about the need to create a strong Consumer Financial Protection Agency (CFPA).  Here is an excerpt: Who’s going to bail out Hoosiers? In September 2008, Lehman Brothers collapsed in New York, sending

It’s Not Such a Wonderful Life…

BanksterUSA.org has made the clever video below using everyone’s favorite holiday movie, “It’s a Wonderful Life,” to remind us of the woes facing many families this holiday season. In the midst of so much foreclosure, debt, and job loss, whose side are your representatives in

The New Republic: Could Wall Street Actually Lose in Congress?

The New Republic published this article detailing how Members of Congress have shifted their thinking on derivatives – and for once, the shift benefits Main Street rather than Wall Street.  The article cites pressure from Americans for Financial Reform as one of the reasons for

Washington Post: Bankers Making Turkeys out of Taxpayers

Dana Milbank of the Washington Post published this column today, pointing out how much the nation’s bankers have to be thankful for as they sit down for Thanksgiving turkeys tomorrow.  Here’s an excerpt: At this time last year, the American financial system was near collapse,

The Card Game

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

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Bloomberg: Warren Winning Means No Sale If You Can’t Explain It

Bloomberg wants Americans to know that Elizabeth Warren is an everyday-woman fighting a not-so-everyday battle to empower consumers. Click here to read the full article. Nov. 19 (Bloomberg) — In Elizabeth Warren’s world, credit card contracts would be so simple a teenager could read and

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Politico: SEIU’s Stern to Lead Goldman Protest

Goldman Sachs CEO Lloyd Blankfein may have had his tongue in his cheek when he said his bankers were doing “God’s work,” but the company’s critics aren’t laughing. In fact, a couple hundred of them — led by Service Unions International Union president Andy Stern