Americans for Financial Reform

News Category: Press Releases & Statements

AFR Supports Overdraft Lending Reform

Americans for Financial Reform and our partners sent these letters (House, Senate, both links are PDFs) to Congress stating our strong support for overdraft reform.  New bills introduced in the House and Senate take dramatic steps to protect consumers from sneaky overdraft loans.  You can read more on Americans for Fairness in Lending’s blog. Here’s

NOW on PBS: Elizabeth Warren on the Economy

What exactly is going on with the economy? Stocks are up and big bonuses are back, but while they’re throwing parties on Wall Street, there’s pain on Main Street. One out of every six workers is unemployed or underemployed, according to government statistics – the highest figure since the Great Depression. This week NOW gets

Cantwell’s Legislation Is A Large Step In Right Direction on Derivatives; Congress Needs Make Sure All Such Transactions Are Regulated either at the state or federal level

DATE: November 10, 2009 Heather Booth, Director, Americans for Financial Reform: “Americans for Financial Reform (AFR), and our over 200 coalition partners, thank Senator Cantwell for introducing legislation today to close the derivatives loophole. Senator Cantwell calls the derivatives “a sophisticated form of gambling,” with justification.  As a result she proposes legislation that will allow

Fact Sheets

The financial crisis has affected us all — but some groups have been hurt more than others.  Find out more by reading these brief reports and learn how a comprehensive regulatory system will promote financial stability and protect all of us from unfair practices that contributed to the crisis. Click here to Download Obama Financial

New Mark Fiore Animation on Credit Reform

Watch now! You want credit reform? Try this credit reform, now with amazing mandatory offers and a credit company protection plan! Mark Fiore created this animation. The Wall Street Journal dubbed him “the undisputed guru of the form.” He creates political animation from an undisclosed location somewhere in San Francisco.

Consumer Federation of America and AFR Decry House Financial Services Committee Vote to Weaken Post-Enron Fraud Protections

Consumer Federation of America and Americans for Financial Reform Decry House Financial Services Committee Vote to Weaken Post-Enron Fraud Protections WASHINGTON, Nov. 4, 2009 –Today, Americans for Financial Reform and Consumer Federation of America released the following statement in response to the House Financial Services Committee vote to weaken protections against accounting fraud at roughly