Elizabeth Warren wrote this piece in Politico. Here is an excerpt: Banks or families? For almost a year, the big banks and the American Bankers Association have presented that choice to Congress. Lobbyists argue that meaningful consumer protection will jeopardize the safety and soundness of
Tuesday, April 6 4:00 – 4:45 pm Eastern time AFR is hosting a special online discussion with Professor Elizabeth Warren and AFR Director Heather Booth for the general public. Sign up here! Find out about reform efforts in Congress—including the Senate bill currently being debated,
The Senate passed and the President signed into law a bill which will eliminate the Federal Family Education Loan (FFEL) student lending program. Instead, all government loans will use the “Direct” lending program. AFFIL applauds this change, as it will eliminate the subsidies to the
Listen to AFR Director Heather Booth discuss financial reform, the causes of the economic crisis, and how to get involved in the fight to rein in the big banks here. Heather’s portion begins around 19:30.
For Immediate Release March 31, 2010 Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, called upon Congress to support the “Financial Crisis of 2008 Criminal Investigation and Prosecution Act of 2009” authored by Congresswoman Marcy Kaptur (D-OH). The bill is
The Honorable Marcy Kaptur United States House of Representatives Washington, DC 20515 March 31, 2010 Dear Representative Kaptur: We are writing in support of H.R. 3995, the “Financial Crisis of 2008 Criminal Investigation and Prosecution Act of 2009,” authored by Representative Marcy Kaptur. In the
FOR IMMEDIATE RELEASE DATE: March 26, 2010 Consumer Protection: Just the Facts, Ma’am The U.S. Chamber of Commerce Lies Won’t Stop Reform Washington, DC – The U.S. Chamber of Commerce claims it stands up for the interests of small business, but a closer look at
The New York Times published an article discussing how labor unions have been helping in the fight for financial reform. AFR was mentioned in the following excerpt: Unions are holding up many of their own members as victims of the banks’ bad bets, like subprime
Consumer rights activists staged a protest inside the Bank of America building in St. Louis on March 24th. The protesters, organized as part of the People’s Settlement, called for a freeze on foreclosures and specifically sought a conversation with Jack Shackett, Bank of America’s Credit
In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). Consumer advocates strongly opposed this bill, warning that it was designed only to profit credit card companies while harming consumers. A study ordered by Congress when the passed the bill has proven