Courtesy of the National Consumer Law Center April 28, 2010 The following are examples of state laws that have been preempted by federal bank regulations. Section 1044 of S. 3217, the Restoring American Financial Stability Act, allows bank regulators to continue preempting state laws but requires them to assess whether a state law or one with substantially equivalent
Leaders from Civil Rights, Labor, and Consumer Rights Groups Hold Press Call to Highlight Groundswell of Support for Wall Street Reform and Detail What to Expect in the Senate Debate Washington, D.C. – Today leaders from civil rights, labor, and consumer rights groups held a press conference call to discuss the state of play for financial
FOR IMMEDIATE RELEASE We Must Strengthen, Not Weaken the Senate Bill Washington, DC – Americans for Financial Reform released the following statement today as the Senate begins debate on financial reform legislation. Heather Booth, Director, Americans for Financial Reform: “I hope the over ten thousand people marching on Wall Street today will send a clear
AFR: Big Banks Get Big ROI; Republicans Hand Wall Street Another Victory Washington, DC – Americans for Financial Reform released the following statement this afternoon after the Republicans in the Senate continued to deny the American public a debate and up-or-down vote on financial reform legislation: Heather Booth, Director, Americans for Financial Reform: “Another day,
As the Senate moves closer to consideration of financial regulatory reform legislation, Sen. Akaka and Sen. Menendez have announced their intention to offer an amendment to restore the bill’s most important provision to protect average, retail investors – the provision holding brokers to a fiduciary duty when they give investment advice. The amendment would replace
April 27, 2010 Senator Christopher Dodd United States Senate Washington, DC 20510 Re: Support Attorney General Enforcement and a Strong Role for States in S.3217, Restoring American Financial Stability Act Dear Senator Dodd, As you continue efforts to improve and achieve bipartisan support for S. 3217, the Restoring American Financial Stability Act, we urge you