May 14, 2010 Senator United States Senate Washington, DC 20510 Re: End deceptive debt settlement practices identified by the GAO and tie debt settlement fees to results – Support Schumer-McCaskill amendment # 3960 Dear Senator: Americans for Financial Reform supports the Schumer-McCaskill amendment #3960 to
United States Senate Washington, DC 20510 May 14, 2010 Re: Feinstein Amendment #3939 to Restoring Financial Stability Act of 2010 to improve CFTC enforcement authority with respect to Foreign Boards of Trade Dear Senator: The over 250 consumer, employee, investor, community and civil rights groups
$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress. $600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the first major federal bailout of Bear Sterns in March
The Center for Responsible Lending recently released a letter titled “Oppose Carper Amendment #3949: Don’t Give Banks a Free Pass from Federal and State Lending Laws”. Click here to read the letter (pdf).
Consumers Union has sent out multiple letters regarding preemption and S. 3217. The most recent letter is copied below. Click here to read their letter from May 5, 2010: States Must Be Allowed to Protect Their Residents from Harmful Financial Practices Click here to read
A coalition of New York consumer advocacy organizations signed on to a joint letter asking their senators to ensure that S. 3217 allows states’ attorneys general to enforce federal and state consumer protection laws. Click here to read the letter (pdf).
A coalition of consumer attorneys in New York recently wrote to their senators about the need for strong state power in financial reform legislation. Click here to read their letter to Senator Gillibrand. Click here to read their letter to Senator Schumer.
Click here to read a letter from the National Council of La Raza regarding their opposition to the Carper Amendment #3949 (pdf).
Click here to read the letter from U.S. PIRG titled “Oppose Carper #3949 Giving National Banks Immunity from Federal and State Consumer Protection Laws: Don’t Take States and AGs Off the Predatory Lending Beat”. PIRG Carper
CFA on Financial Reform:A Daily Look at Reform Proposals and Their Effects on Consumers May 3, 2010: Preemption of State Laws Leaves Consumers Vulnerable Dear Senator: The Consumer Federation of America urges you to reject amendments to S. 3217, the “Restoring American Financial Stability Act