Frank Statement on Consumer Protection Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA) today made the following statement about the need for increased consumer protection in the financial industry: “I welcome Elizabeth Warren’s forceful Op-Ed in today’s Wall Street Journal making a
In addition to writing to your elected officials, you can make a difference in the fight for financial reform by submitting a letter to the editor of your local paper. Click here to easily connect with local newspapers, and then submit your own version of
In a recent article about financial reform legislation, Senator Dodd talked about the bipartisan work that has been done so far but said, “for now we have reached an impasse.” AFR was mentioned in the article: Heather Booth, executive director of Americans for Financial Reform,
February 9, 2010 Dear Senator Harkin and Representative DeFazio: We, the undersigned organizations, are writing in support of your bills, “The Wall Street Fair Share Act”(S. 2927) and “Let Wall Street Pay for the Restoration of Main Street Act of 2009” (H.R. 4191). Your bills
Professor Elizabeth Warren submitted this Opinion piece to the Wall Street Journal yesterday. As the Chair of the TARP Congressional Oversight Panel, Professor Warren has been vocal about the need for increased consumer protections and has been a staunch supporter of the creation of a
A student at the University of Indiana published this op-ed in an Indiana paper supporting the Consumer Financial Protection Agency. High-cost, unregulated private student loans are just one example of why we need a strong Consumer Financial Protection Agency. U.S. Sen. Evan Bayh, D-Ind., sits
The California Reinvestment Coalition released this report (PDF) about subprime lending to communities of color in California. Here are their key findings: Lenders saturated California neighborhoods with high-cost and predatory loans: In 2006, in each city, lenders were more likely to make high-cost loans in
AFR Director Heather Booth has a new column on the Huffinton Post exposing Frank Luntz’s lies about financial reform. Here’s an excerpt from her post: Seen this ad from the “Committee for Truth in Politics”? If the name weren’t comical enough, the visuals are. But
The Main Street Brigade is a rapid response team, nationwide, that can be activated to protect our communities against just this kind of devastation. Right now, we are ALL vulnerable to the big banks, CEOs and Wall Street institutions whose irresponsibility and risky behavior caused
To get our economy back on track, we must regulate the financial instruments known as “derivatives.” Derivatives are traded on Wall Street in secretive “shadow markets.” These markets need to be brought into the light to secure financial safety for regular investors – folks depending