Press Conference Call TODAY, May 6 at 2:30 PM ET*** Consumer Advocates Expose Sham GOP Proposal Washington, DC – On Thursday, May 6 at 2:30 pm, advocates who have led the fight for tough, new rules to protect consumers from tricks and traps of mortgage companies, car dealers,
This information is courtesy of the Center for Responsible Lending. Issue: The Senate financial reform bill, S. 3217 – section 1044, gives the Office of the Comptroller of the Currency far too much power to override (“preempt”) state consumer protection laws. To avoid another financial
VOTE NO ON THE SHELBY CFPA SUBSTITUTE NO INDEPENDENCE, NO FUNDING FOR ENFORCEMENT, NO ENFORCEMENT OVER ANY BANKS NO AUTHORITY TO PROTECT FAMILIES Dear Senator, We write on behalf of the over 250 member organizations of Americans for Financial Reform to urge a No Vote
Read the full editorial here. It’s a springtime sales event for America’s auto dealers. Over the next week or so, they’ll toil feverishly to close deals — not with car buyers, but with members of the Senate in an effort get dealerships exempted from consumer protections
WASHINGTON, May 5 – As the Senate began considering amendments to financial reform legislation on Thursday, Americans for Financial Reform presented Senate leaders with the signatures of over 125,000 Americans who want “strong financial reform” at a news conference at the Capitol on Wednesday. See
FOR IMMEDIATE RELEASE DATE: May 5, 2010 Americans for Financial Reform (AFR), including nation’s leading consumer groups, opposes the Shelby substitute (amendment #3826) to replace Title X of S. 3217, RAFSA, the Consumer Financial Protection Bureau, with a weak alternative VOTE NO, NO INDEPENDENCE, NO FUNDING
Read FAQs about the SAFE Banking Act here – see page 3 (pdf). Our financial system has become dominated by institutions that are “too big to fail.” Moreover, as FDIC Chairman Bill Isaac has said, they are “too big to manage, and too big to
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 U.S. Senate. Click here for a recording
Visit this page on the U.S. PIRG website for a list of likely amendments to S. 3217, the Restoring American Financial Stability Act of 2010. The Senate is currently debating the bill and these amendments. PIRG also explains which amendments are in the public interest,