An article in yesterday’s New York Times talked about new efforts from the White House on behalf of financial reform legislation. The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to
Rhode Island’s Providence Journal just released this Editorial supporting “the Volker Rule.” It says: Wall Street should not again earn fortunes through reckless investing while loading the risks onto taxpayers. It’s time for new rules for this game, and no financial figure is better suited
Paul Solman from PBS “NewsHour” recently interviewed former bank regulator Bill Black about his opinion regarding the effects of deregulation of financial products. Bill Black talks about the way that bad practices have been ignored by bank regulators and notes that, “In the savings and
On Monday, February 22, the long-awaited and long-needed changes laid down by the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act went into effect. When the bill was passed last May, it was the first time meaningful credit card legislation had ever been passed on
AARP recently commissioned a nationwide survey to understand public opinion on consumer financial protection issues. The results show nearly unanimous support for numerous consumer financial protections. Click here to read the report. Here’s an excerpt from the AARP press release regarding this survey: The survey
Comprehensive Reforms Are Only Way to Ensure Stability in the Economy Washington, DC – Americans for Financial Reform released the following statement marking the full implementation the Credit Card Accountability, Responsibility and Disclosure (CARD) Act today. Ed Mierzwinski, Consumer Program Director, U.S. PIRG: “The Credit
A recent editorial in the New York Times talked about the need for sweeping financial reform in order to effectively deal with the nation’s economic problems, and the hurdles that reform legislation must face as it moves through the Senate. It said: Nearly a year
Congressman Dan Meffei (D-NY) recently spoke up on behalf of the Consumer Financial Protection Agency and increased consumer protections in a radio interview with the Rochester-based station WXXI. The report from the interview says: Maffei was in Rochester earlier this week, to promote new rules
The Seattle Times recently published this article about Senator Maria Cantwell’s work on behalf of consumers against the big banks. They say: It’s not hard to find members of Congress channeling voter outrage by railing against greedy bankers, credit-card ripoffs and inflexible mortgage lenders. But
AFR sent the following letter to Chairman Dodd and other members of the Senate Banking Committee on February 19, 2010: The Honorable Christopher Dodd Chairman Committee on Banking, Housing and Urban Affairs U.S. Senate Washington, D.C. 20510 Dear Chairman Dodd: The undersigned consumer, civil rights, labor and community