“The Restoring American Financial Stability Act” (S. 3217) is a good start but must be strengthened as it is discussed in the Senate. Read about the key ingredients to real financial reform. Read our fact sheets and letters to Congress about the bill. Read all of our posts about the bill. Read about grassroots support
FOR IMMEDIATE RELEASE DATE: May 3, 2010 As the first full week of debate begins on Financial Reform, danger lies ahead for the bill. The big banks, and their friends on the Hill, will do everything in their power to try to weaken or kill this bill. The big banks are spending $1.4 million a
Auto dealers are heading to Capitol Hill seeking a special carve-out from the “Restoring American Financial Stability Act of 2010” (S. 3217), which aims to put an end to the reckless practices of Wall Street and the abusive and discriminatory tactics by finance companies of all stripes. In their search for a loophole, auto dealers
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