This guest post is from Ellen Harnick from the Center for Responsible Lending. Over the past decade, federal bank regulators looked the other way as responsible loans were crowded out of the market by aggressively marketed financial products carrying hidden costs and fees. Tricky products,
This is part of a series on The Hearing called “Making Financial Regulation Work.” The guest post is from Shawn Bayern, assistant professor of law at Florida State University, and Zephyr Teachout, associate professor of law at Fordham University. Two weeks ago, the Obama administration
National People’s Action organized a community meeting with the Federal Reserve in Richmond, California to raise the need to put an end to predatory lending and for regulatory reform in the financial sector. They will be organizing eight more meetings between now and September. If you would like to know more about the meetings, contact Jordan@ntic-us.org.
FOR IMMEDIATE RELEASE: CCI Members to Payday Lenders: “Enough is Enough!” Monday, June 15, 2009 – Des Moines, Iowa – Two dozen members of Iowa Citizens for Community Improvement (CCI) and concerned residents of the community visited three area payday lenders on the morning of
Watch NCRC’s C.O.O. Jim Carr discuss the politics of financial services reform and the launch of AFR in an interview with Bloomberg.
Click on the link to see some tv footage from the first field hearing that NPA organized with the Federal Reserve. This was from Richmond, California. There are 9 more hearings they will be organizing between now and September and welcome other organizations to join with them.
Thanks!
–Heather
For too long, the rules of Wall Street have been written by the bankers themselves. This year, that has to change. Americans for Financial Reform is a coalition of nearly 200 national, state and local consumer, labor, retiree, investor, community and civil rights organizations that