For Immediate Release: March 17, 2010 SMALL BUSINESS OWNERS CALL ON U.S. CHAMBER TO REVEAL FUNDERS OF ADS ATTACKING FINANCIAL REFORM Small business owners available for comment Washington, DC – Immediately after Senate Banking Committee Chairman Christopher Dodd released his long awaited financial reform package on Monday, the U.S. Chamber of Commerce announced a multi-million
[Springfield, MO] – Local advocates and consumers gathered outside Advance America, 1773 S Glenstone today, Wednesday, March 17, to protest financial abuses by payday loan companies. Advance America is the nation’s largest payday lender and is actively opposing reform of its industry. As the Senate takes up financial reform, lobbyists from the payday loan industry have kicked
National People’s Action released the 2009 Chicago Foreclosure report with Senator Durbin yesterday. The report, written by NPA Research Analyst Nick Bianchi, shows that 2009 was the worst year ever for foreclosures in Chicago, with the crisis deepening in middle class communities. The report speaks to the need for a fully empowered CFPA and for
Our friends at the National Consumer Law Center have put together a great two-page report on the dire need for federal regulation of non-bank lenders. The report focuses on the problems created by the current lack of regulation of debt collectors and debt buyers, credit bureaus, payday lenders, nonbank auto lenders, and for-profit colleges directly
Columnist Jeff Gelles recently wrote this piece about the importance of creating an independent Consumer Financial Protection Agency (CFPA). He focuses on the way current regulators, specifically the OCC, failed to do anything to effectively protect consumers. He speaks of one man’s trouble with abusive interest rate changes on an MBNA credit card and says:
Sign our latest petition to hold big banks accountable! Urge your Senators to support financial reform and the Consumer Financial Protection Agency. Write to your Senators today and ask them to resist the Wall Street lobbyists, and stand up for the rest of us. As the Senate gets ready to debate financial reform legislation, the