FOR IMMEDIATE RELEASE DATE: January 13, 2010 Washington, DC – As the Financial Crisis Inquiry Commission kicks off its first public hearing today, Americans for Financial Reform calls on big banks to not only justify their reckless behavior but also explain why they are working to kill real reforms that would keep them from doing
Tomorrow evening, PICO faith leaders will take a big step forward to hold big banks accountable to our communities. PICO leaders from across the country will travel to Antioch Family Church in Antioch, CA to participate in the nation’s first negotiation session since the financial crisis erupted 16 months ago between executives at Bank of
Our good friends at Consumers Union have started yet another cool contest. This time, they’re asking you to submit any image which somehow speaks to the dangers of debt. The winner gets a one year subscription to Consumer Reports Online AND $1,000! Three runners up will also get one year subscriptions to Consumer Reports Online.
Read our fact sheets about how the CFPA will benefit African Americans, Asian Americans and Pacific Islanders, Children and Families, Latinos (available in English and Spanish), Rural Americans, Seniors, Women, and Young Americans. African Americans (PDF) Asian Americans and Pacific Islanders (PDF) Children and Families (PDF) Latinos – English (PDF) Latinos – Espanol (PDF) Rural
A working paper from the IMF titled “A Fistful of Dollars: Lobbying and the Financial Crisis” (PDF) shows a connection between lobbying and high-risk lending. The Guardian UK discusses the article and its possible impact: Powerful American banks spending lavishly on lobbying are more likely to engage in high-risk lending and their shares have performed
The Washington Post published Jim Wallis’s insightful and moving editorial. Here is an excerpt: One cold morning the week before Christmas, I found myself huddled with a group of homeowners and religious leaders on Pennsylvania Avenue, in the shadow of the White House and the Treasury building. The homeowners, who had all worked hard to