The power of the people. Earlier this fall, the JOURNAL traveled to Chicago to check in with protestors outside the American Banking Association’s annual convention. This week, Bill Moyers spoke with veteran organizers Heather Booth, director of Americans for Financial Reform, and George Goehl, executive director of National People’s Action, about what progressive grassroots activists
Americans for Financial Reform and many other groups sent the following letter to Senator Dodd and the members of the Senate Banking Committee arguing that the Consumer Financial Protection Agency should have authority over the “rent-to-own” industry. To The Honorable Christopher Dodd, Chairman Senate Banking Committee 534 Dirksen Building Washington, DC 20515 Re: Consumer Financial
Download this testimony as a PDF. Chairman Lincoln, Ranking Member Chambliss, and Members of the Committee, thank you for inviting me to testify before you today. The American people clearly sense that there is something deeply flawed in the current structure of our financial markets and the political process that has spawned them. One does
Americans for Financial Reform (“AFR”) is a coalition of nearly 200 national, state and local consumer, employee, investor, community and civil rights organizations who seek meaningful reform of our banking and financial system. A list of the AFR coalition members is attached. AFR writes to urge Congress to enact comprehensive reform of over-the-counter (OTC) derivatives
On February 24, Americans for Financial Reform sent a letter to Senator Dodd and Senator Shelby regarding their draft of the Restoring American Financial Stability Act of 2009 (“Stability Act”). Letter from AFR to Dodd Shelby (February 24, 2010)
Support Strong Derivatives Regulation Congress cannot protect the U.S. financial system without acting to regulate over-the-counter derivatives, which brought down AIG at a cost of $134 billion to taxpayers. The five biggest banks dominate the derivatives market and want to maintain the status quo, since opaque markets permit them to charge very high fees to