Americans for Financial Reform

News Category: Press Releases & Statements

AFR Opposes Snowe-Pryor #3883 Regulatory “Flexibility” Act

OPPOSE SNOWE-PRYOR #3883 REGULATORY “FLEXIBILITY” ACT ADDS DELAYS AND RED TAPE, ENCOURAGES WASTEFUL LITIGATION Senator    May 19, 2010 United States Senate Washington, DC 20510 Dear Senator: 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. 

NCLC: Dodd-Carper Deal on Preemption Does Not Give in to All Bank Demands

Lauren Saunders, Managing Attorney of the National Consumer Law Center, issued the following statement about the Dodd-Carper deal on preemption which passed the Senate 80-18: “Senator Dodd and Senator Carper have reached a deal to modify Senator Carper’s amendment #3949 on the role of states in protecting consumers under the Wall Street reform bill.  The deal compromises

Shelby Leads the Republican Charge to Block Big Bank Accountability

FOR IMMEDIATE RELEASE DATE: May 18, 2010 Washington, DC – Americans for Financial Reform is tired of these daily ploys to undermine Wall Street reform. After filibustering the entire bill for days, Republicans led by Sen. Richard Shelby appear to be back at it again, blocking any strengthening amendments in a pattern to prevent a

When Water Bills Force Foreclosure

From the Huffington Post Investigative Fund: One raw day in early February, Vicki Valentine stood by helplessly as real estate investors snatched her West Baltimore home over what began with an unpaid city water bill of $362. Valentine lost the property after the city sold her debt to investors through a contentious and byzantine legal