United States House of Representatives Washington, D.C. 20515 December 7, 2009 Re: Support the Hinchey-Inslee-Conyers-DeFazio-Tierney Amendment to restore Glass-Steagall Protections Dear Member, The over 200 consumer, employee, investor, community and civil rights groups who are member of Americans for Financial Reform write you today to convey the coalition’s strong support for the Glass-Steagall Restoration amendment
United States House of Representatives Washington, D.C. 20515 December 7, 2009 Dear Representative, We write to express our support for Sec. 4208 of the Consumer Financial Protection Agency (CFPA) Act, Title IV of H.R. 4173, which authorizes the CFPA to restrict or prohibit the use of forced arbitration clauses in agreements for financial products or
The House of Representatives is scheduled to vote this week on H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009. Read our letter of support for this bill here. The banks and others who created the financial meltdown are working hard to keep the status quo. But too much is at
When a financial institution fails, only insured depositors should be rescued by the government. Bailouts for other parties, such as shareholders and bond holders, are an unacceptable use of the public treasury to rescue private risk-takers, functioning as little more than wealth transfers from poor and middle-class taxpayers to wealthy investors and executives. History demonstrates
The National Association of Consumer Advocates (NACA) explains why auto dealers must be covered by the Consumer Financial Protection Agency (CFPA). Download this information as a PDF. While the vehicles themselves have never been better, predatory auto sales and financing practices have never been worse. Today, a majority of auto dealer profits are derived not
They bring signs, banners, leaflets, and stories of foreclosures and unemployment. Individually, they’re mothers, fathers, retirees, hard workers who are in between jobs. Together, they’re a force to be reckoned with, as local AIG and Goldman Sachs offices recently discovered. They’re the consumers organized by New Jersey Citizen Action, and they’re not going to rest