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
FOR IMMEDIATE RELEASE DATE: February 5, 2010 AFR: Dodd Makes Right Call To Move Forward Dodd’s Leadership Means Accountability for Wall St is Within Reach Washington, DC – Americans for Financial Reform released the following statement regarding Senate Banking Chairman Chris Dodd’s decision to move
Heather Booth, the Executive Director of Americans for Financial Reform, is now blogging on the Huffington Post. Click here to read her profile and subscribe to her blog. This week, she’s talking about the link between unemployment and the need for financial reform, especially given
FOR IMMEDIATE RELEASE DATE: February 5, 2010 AFR: Big Banks Cash In On Unemployed Washington, DC – Americans for Financial Reform released the following statement on the practice of big banks, like Citi, Wells Fargo, JPMorgan Chase, and Bank of America, of fleecing the unemployed
Business for Shared Prosperity, an AFR affiliate, has been getting attention with their message of support for financial reform. The coalition, made up of business owners from around the country, recently put out this press release (PDF) asking the Senate to approve the Consumer Financial
Re: Support of the Financial Crisis Responsibility Fee January 25, 2010 Dear President Obama, We, the undersigned organizations, are writing to thank you for your leadership on financial services reform and applaud your proposal for a Financial Crisis Responsibility Fee to recoup TARP bailout funds.
John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC), discussed the next wave of AIG bonuses on Fox Business News. In response to another guest’s hemming and hawing about what is appropriate compensation and how a salary is defined, John really made