For Immediate Release March 17, 2010 ABA’s Account: The subprime mortgage market collapse does “not warrant a fundamental overhaul of the basic regulatory structure. Banking regulators… have since responded in a coordinated and measured way to preserve both confidence and liquidity in the banking system.”
National People’s Action released the 2009 Chicago Foreclosure report with Senator Durbin yesterday. The report, written by NPA Research Analyst Nick Bianchi, shows that 2009 was the worst year ever for foreclosures in Chicago, with the crisis deepening in middle class communities. The report speaks
Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, released the following statement today on Chairman Dodd’s financial reform legislation: Heather Booth, Executive Director, Americans for Financial Reform: “We applaud Chairman Dodd for moving forward towards passage of legislation to protect
At 5pm today, Americans for Financial Reform, a coalition of more than 250 groups fighting for strong financial reform, will hold a press call in response to Chairman Dodd’s financial reform proposal. On the call will be Ed Mierzwinski, U.S. PIRG Consumer Program Director, Heather
Fight Club fans take note! AFR Executive Director Heather Booth wrote up the rules of real financial reform for the Huffington Post. Here are first few: The first rule of real financial reform is that you can’t stop fighting for it. The second rule of
Our friends at the National Consumer Law Center have put together a great two-page report on the dire need for federal regulation of non-bank lenders. The report focuses on the problems created by the current lack of regulation of debt collectors and debt buyers, credit
Columnist Jeff Gelles recently wrote this piece about the importance of creating an independent Consumer Financial Protection Agency (CFPA). He focuses on the way current regulators, specifically the OCC, failed to do anything to effectively protect consumers. He speaks of one man’s trouble with abusive
Sign our latest petition to hold big banks accountable! Urge your Senators to support financial reform and the Consumer Financial Protection Agency. Write to your Senators today and ask them to resist the Wall Street lobbyists, and stand up for the rest of us. As
Washington, DC – Americans for Financial Reform released the following statement about the Protect our Recovery through Oversight of Proprietary Trading Act (or PROP Trading Act). Heather Booth, Executive Director, Americans for Financial Reform: “AFR strongly supports Senator Merkley and Senator Levin’s bill to rein
George Soros has made billions of dollars predicting the ups and downs of global financial markets. In this discussion with NPR’s Steve Inskeep he strongly endorses the creation of a Consumer Financial Protection Agency (CFPA). Listen here.