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
A recent study funded by the National State Attorneys General Program at Columbia Law School found that federal action to exempt national banks from state anti-predatory lending laws resulted in more defaults and riskier lending compared to other banks. At the same time, the study
One of many bank employees working with SEIU came forward to uncover predatory banking practices that harm consumers and communities. The bank executive spoke to ABC News on the condition that ABC News not show his face or name him, because he feared coming forward
The New York Times understands that Elizabeth Warren has not only the qualifications but also the passion to ensure that the CFPB does what it was created to do–what Elizabeth Warren wanted it to do when she came up with the idea for such an
One of the hot topics concerning the Senate Bill which passed the Banking Committee on Monday is the right of shareholders to influence decisions about their board of directors. The LA Times published an Opinion piece explaining that shareholders need a bigger say to prevent