The House of Representatives passed H.R. 4173, the Wall Street Reform and Consumer Protection Act, on December 11, 2009. Read AFR’s statement on its passage below. Read all of our posts about the battle in the House here. Read more about the battle in the House: General letters and miscellaneous topics The Consumer Financial Protection Agency/Bureau
The Senate passed S. 3217, the Restoring American Financial Stability Act, on May 20, 2010. Read AFR’s statement about its passage below. Read all our posts about the battle in the Senate here. Read more about the battle for reform in the Senate: General letters and miscellaneous topics The Consumer Financial Protection Bureau Derivatives Systemic Risk and Resolution
A House and Senate Conference Committee met in June 2010 to hammer out the differences between their versions of financial reform bill. On June 29, they issued their final report which was subsequently passed by both chambers and signed into law by President Obama. Below is AFR’s overall letter supporting the conference report. Read all
During 2009 and 2010, AFR fought for the strongest possible law to protect consumers, businesses and taxpayers from another financial collapse. A final bill called the “Dodd-Frank Wall Street Reform and Consumer Protection Act” became law on July 21, 2010. Read our statement on its final passage below. TABLE of CONTENTS: Timeline The fight in
The Philadelphia Inquirer ran this excellent opinion piece on August 3. Here’s an excerpt: Credit card and mortgage consumers need help to level the playing field. By Adam Benforado The $3-trillion-a-year consumer financial-services industry wants you to play a game with them, one on one. Well, technically, it will be one of you against their
H.R. 3269 “Say on Pay” passed today with a vote of 237 to 185. Two Republicans voted for it, and 16 Democrats voted against. Washington D.C. – In the wake of the New York Attorney General report that top banks that got billions in taxpayer bailout money doled out bonuses that exceeded their net profits or