The Big Banks and Wall Street drove our economy off a cliff and are notorious for abusing consumers. The question is, which of these outrages is NOT true? Some credit cards charge 79.9% interest There is a new foreclosure every 13 seconds Bankers remove $7
CNBC reported that consumers are almost unanimous about the need for financial reform. The article touched on different activist campaigns that are underway concerning the issue. Also discussed was the resistance coming from organizations such as the American Bankers Association. Americans for Financial Reform was
For Immediate Release: March 17, 2010 SMALL BUSINESS OWNERS CALL ON U.S. CHAMBER TO REVEAL FUNDERS OF ADS ATTACKING FINANCIAL REFORM Small business owners available for comment Washington, DC – Immediately after Senate Banking Committee Chairman Christopher Dodd released his long awaited financial reform package
[Springfield, MO] – Local advocates and consumers gathered outside Advance America, 1773 S Glenstone today, Wednesday, March 17, to protest financial abuses by payday loan companies. Advance America is the nation’s largest payday lender and is actively opposing reform of its industry. As the Senate takes up
Heather McGhee, the Director of the Washington office of Demos and a member of Americans for Financial Reform, was interviewed on CNBC this morning about Senator Dodd’s financial reform proposal. The segment below focuses on the proposed rule of the Federal Reserve in the new
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