Americans for Financial Reform

News Category: Press Releases & Statements

No Exemption for Auto Dealers Under the CFPA

Americans for Financial Reform and our partners sent this letter (PDF) to Senators Dodd and Shelby this week regarding the need to treat auto dealers the same as other lenders under the CFPA: On behalf of our organizations we commend the Chairman’s introduction of a strong pro-consumer legislation that creates the Consumer Financial Protection Agency

AFR Supports Auditing the Federal Reserve

AFR and other groups sent this letter (PDF) to members of the House Financial Services Committee. Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil rights groups, we write you today to convey our strong

Watch a Debate about Financial Reform

On Tuesday November 17, Damon Silvers of the AFL-CIO debated Ed Yingling of the American Bankers Association about how best to reform our financial system and restore the economy. Visit the Aspen Institute for more information and watch below!

New York Times: AIG’s Chief’s Mission is to Save Executive Pay

According to the New York Times, “Robert Benmosche, chief executive of [AIG] since August, confirmed that he was “frustrated” about how long it was taking to devise an executive compensation plan that was “fair” but did not violate the restrictions the government has placed on companies that are receiving taxpayer assistance.”  Read the full article

Sherman Amendment Letter of Support

House Financial Services Committee 2129 Rayburn House Office Building Washington, D.C.  20515 November 17, 2009 Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil rights groups, we write you today to convey the coalition’s strong

Goldman Sachs Protest Slideshow

National People’s Action and Service Employees International Union (SEIU) organized hundreds of taxpayers to converge on the Washington headquarters of Goldman Sachs on November 16 to demand an end to multi-billion dollar bonuses and the Too Big To Fail Doctrine and call for immediate Congressional action on real financial reform. Watch the slideshow above! This