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 consumer protection laws. The House bill prohibits the Office of
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 who have come together to reform the financial industry. Members
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 final work on the financial services reform bill it is
Stiglitz, Other Experts, Urge Congress To Protect Taxpayers from Banks’ Risky Products Nobel Prize winner warns against putting the government at risk for Big Banks’ deceptive practices Click here to listen to a recording of the conference call in your browser, and here for instructions on how to download the recording. Elimination of the language
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 behalf of Americans for Financial Reform and Consumer Federation of
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 you for all your hard work on bringing much-needed legislative