Read our letter to Congress urging members to oppose H.R. 1573, a bill that would both delay implementation of the derivatives reforms in Title VII of the Dodd-Frank Act and introduce possible new exemptions to those reforms
AFR signed on in support of a letter sent to members of Congress today regarding four pieces of legislation that would threaten the ability of the CFPB to sufficiently protect consumers.If enacted, these bills would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.
FOR IMMEDIATE RELEASE April 26, 2010 CONTACT: John Carey 202-466-1854 John@ourfinancialsecurity.org *** Conference Call Briefing *** WASHINGTON, DC – Americans for Financial Reform (AFR) will host a conference call with reporters and bloggers on Friday, April 29, 2011 at 10:30 AM EST *** to discuss
Groups use GOP threat on Consumer Bureau to make fresh push for Warren nomination Peter Schroeder (The Hill) May 6, 2011 “A Senate GOP vow to block any nominee to head the new Consumer Financial Protection Bureau (CFPB) seems to have re-ignited a push from
FOR IMMEDIATE RELEASE May 6, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Efforts to Block Any CFPB Nominee Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform,
Foes Revise Plan to Curb New Agency Edward Wyatt and Ben Protess (New York Times) May 5, 2011 “Legislators also have called for the consumer bureau to be subject to the Congressional appropriations process. As established, its budget is set as a percentage of the
Read the pdf here. May 4th, 2011 Dear Senator, As the Financial Services Appropriations Subcommittee begins consideration of fiscal year 2012 agency funding decisions, we want first to thank you for recognizing the role that the Securities and Exchange Commission (SEC) and Commodity Futures Trading
View the press release in pdf form here. FOR IMMEDIATE RELEASE: CONTACT: May 4, 2011 Travis Plunkett, 202-939-1004 Jack Gills, 202-737-0766 HOUSE MOVES TO HANDCUFF NEW CONSUMER FINANCIAL AGENCY –Legislation Will Give Discredited Banking Regulators Vast Power to Block Needed Protections– The Consumer Federation of
FOR IMMEDIATE RELEASE May 4, 2011 CONTACT: John Carey 202-466-1854 john@ourfinancialsecurity.org Consumers Demand a Strong Consumer Financial Protection Bureau Efforts to Handcuff the CFPB in House Subcommittee are Wrong Washington, DC – Today, a House Financial Services subcommittee is considering two pieces of legislation that
TALKING POINTS ON HR 1610 The Financial Crisis Inquiry Commission (FCIC) report made clear that unregulated derivatives markets played a critical role in the financial crisis of 2008. HR 1610 would create major loopholes in the Dodd-Frank derivatives rules. It would prevent regulators from requiring