The LA Times ran this precient article about banks’ vengeful behavior against consumers in advance of credit card rules going into effect in February. Here is an excerpt: Happy new year. Now pay up. That’s the message from our friends in the banking industry, who
A working paper from the IMF titled “A Fistful of Dollars: Lobbying and the Financial Crisis” (PDF) shows a connection between lobbying and high-risk lending. The Guardian UK discusses the article and its possible impact: Powerful American banks spending lavishly on lobbying are more likely
FOR IMMEDIATE RELEASE CONTACT: Lauren Weiner, 202-470-5870 DATE: January 6, 2010 AFR Hopes His Vision on Financial Regulatory Reform Will Carry Through Washington, DC – Americans for Financial Reform issued the following statement regarding Banking Committee Chairman Chris Dodd’s announcement that he will not run
The Washington Post published Jim Wallis’s insightful and moving editorial. Here is an excerpt: One cold morning the week before Christmas, I found myself huddled with a group of homeowners and religious leaders on Pennsylvania Avenue, in the shadow of the White House and the
Florida’s station WFSU ran this story about the need to help struggling homeowners: Florida is second only to Nevada in the number of foreclosures. The latest report from the real estate website RealtyTrac shows foreclosures in Florida increased two percent from October to November. One
The New Jersey News Blaze posted this statement from AFR ally New Jersey Citizen Action. Here’s the statement: “Last week, Representative John Adler (D, NJ 3rd District) stood up for the people who live on Main Street and took an important step forward to support
The St. Petersburg Times ran this insightful editorial about the Wall Street Reform and Consumer Protection Act of 2009. Here’s an excerpt: It is hard to imagine the disconnect among some in Washington and on Wall Street. Last Friday, House Republicans voted in lockstep against
Business Week ran this article about the exemption car dealerships received in the Wall Street Reform and Consumer Protection Act passed by the House. AFR opposed this exemption, as you can read about in our letter to Congress here (PDF). Here’s an excerpt from the
Americans for Financial Reform was mentioned in this USAToday article. Here is an excerpt: The U.S. Chamber of Commerce has spent $2 million on advertising, including commercials slamming the creation of a federal consumer-protection agency, and plans to spend more, said David Hirschmann, CEO of
McClatchey News Service is distributing this op-ed by AFR’s ally Holly Sklar of Business for Shared Prosperity. Here is an excerpt, courtesy of the Lexington Herald-Leader: The Scrooges of Wall Street were surprised a year ago by visits from the Ghosts of Christmas Past, Present