Congress is considering creating a Consumer Financial Protection Bureau (CFPB) whose sole mission would be to protect consumers from dangerous financial products and practices. (The CFPB has also been referred to as the Consumer Financial Protection Agency (CFPA).) Why do we need a CFPA? What would it
May 10, 2010 The Honorable Christopher Dodd Chairman Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 The Honorable Richard Shelby Ranking Member Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 Dear Chairman Dodd and Ranking
The financial-industry spent $465 million lobbying in Washington in 2009, which was about $8 million more than in 2008. (The Hill, 2/23/10; Center for Responsive Politics) That’s $1.4 million a day spent on lobbying in 2009 and $1 million per member of Congress. The top
Around the country, people are standing up to the big banks by moving their money out of institutions that are fighting against financial reform. A recent action in Missouri was documented in the Huffington Post: A St. Louis union dumped Bank of America on Friday
Oppose Chambliss Amendment #3816 to Senate bill 3217 which attempts to weaken proposed derivatives regulations Dear Senator: The over 250 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) write to express strong opposition to Amendment No.
Keep State Attorneys General on the Predatory Lending Beat Oppose Amendments to Further Preempt State Authority Dear Senator, We write on behalf of an unprecedented coalition of more than 250 national, state and local groups who have come together to reform the financial industry. Members
Consumers and advocates rallied in Boston today in front of Goldman Sachs on the day of the company’s annual shareholder meeting to send a message loud and clear: we want financial reform now. A variety of groups were represented in the crowd, including Jobs with
Elizabeth Warren and Attorney General Lisa Madigan Speak Out Against Preemption Deal With rumors that the Senate might cut a deal over the weekend on preemption, two of the most vocal supporters of strong financial reform, Elizabeth Warren and Illinois Attorney General Lisa Madigan, issued
AFR: Defeat Of Brown Kaufman Amendment Is A Win For The Banks Overall Bill Remains Strong But Big Banks Are Working Day And Night To Weaken It After the first full week of debate on Financial Reform the bill remains strong but the Big Banks
**Audio of Call Available Here** Washington, DC – Americans for Financial Reform and our 250 coalition partners applaud the Senate for rejecting – on a bipartisan basis – the sham that was Sen. Shelby’s “consumer” amendment to the Wall Street accountability currently being debated in the