On the day the Financial Crisis Inquiry Commission held hearings on the role credit rating agencies play in the economic meltdown, Senator Al Franken (D-Minn.), Rep. Brad Sherman (D-Calif.), Ohio Attorney General Richard Cordray and James Lardner, senior policy analyst at Demos, called for ensuring
June 2, 2010 Senator United States Senate Washington, DC 20510 Dear Senator: As a conferee on the financial reform bill, you will certainly be hearing from the auto dealers about their interest in being exempted from the new Consumer Financial Protection Agency. We maintain that
Now that the Senate and House have both passed financial reform legislation, they will meet in a Conference Committee to hammer out the differences between their two bills. (See posts about the House bill here, Senate here.) This means that the fight for strong reform
U.S. PIRG has graded Senators on their votes on financial reform. Click here to find out how yours stack up! From their press release: “Looking at how a Senator votes on one final passage vote isn’t enough,” said Ed Mierzwinski, Consumer Program Director for U.S.
Editorial Roundup Shows Opponents of Reform are on the Wrong Side Cleaning up Wall Street: Las Vegas Sun Editorial, May 25: “It is notable that Republicans continue to raise a fuss about the legislation… [Their] comments are also disingenuous. There is no government takeover. Nor is
This article in the Washington Independent talked about the strengths and weaknesses of the Senate’s financial reform bill, and quoted AFR Director Heather Booth. By and large, consumer watchdogs — some of the bill’s fiercest critics and biggest supporters — were happy with the final
Key Provisions Go a Long Way Preventing Another Financial Crisis Washington, DC – The historic Wall Street reform legislation passed by the Senate on May 20 will have an impact on Main Street as well as Wall Street. The big banks will make every effort
A recent article in the New York Times focused on the conference process for the recently-passed Senate version of financial reform legislation. AFR’s Director was quoted in the article: In another sign of the unusual political dynamics that have accompanied the monthslong debate over the
MarketWatch covered the recent Senate vote for financial reform, and mentioned AFR Director Heather Booth in their article after the bill’s passage. “Yesterday we won an enormous victory for Main Street against Wall Street,” said Heather Booth, executive director of Americans for Financial Reform. “There
FOR IMMEDIATE RELEASE Washington, DC – Americans for Financial Reform released the following statement following the vote this evening in the Senate on Financial Reform: Heather Booth, Director, Americans for Financial Reform: “We are pleased the Senate has passed this momentous bill that will rein