The New York Times ran this excellent editorial on September 13, 2009. Here’s an excerpt explaining the need for a strong Consumer Financial Protection Agency (CFPA): CONSUMER PROTECTIONThe financial crisis would have been less severe — or largely avoided — if regulators had curbed abusive
Download this white paper as a PDF. A National Consumer Law Center White Paper, September 2009 EXECUTIVE SUMMARY: Consumer protection in the financial world has been dramatically weakened in the last several years by preemption of state consumer protection laws. Broad preemption of state law
The House of Representatives passed H.R. 4173, the Wall Street Reform and Consumer Protection Act, on December 11, 2009. Read AFR’s statement on its passage below. Read all of our posts about the battle in the House here. Read more about the battle in the House:
The Senate passed S. 3217, the Restoring American Financial Stability Act, on May 20, 2010. Read AFR’s statement about its passage below. Read all our posts about the battle in the Senate here. Read more about the battle for reform in the Senate: General letters and miscellaneous topics
A House and Senate Conference Committee met in June 2010 to hammer out the differences between their versions of financial reform bill. On June 29, they issued their final report which was subsequently passed by both chambers and signed into law by President Obama. Below
During 2009 and 2010, AFR fought for the strongest possible law to protect consumers, businesses and taxpayers from another financial collapse. A final bill called the “Dodd-Frank Wall Street Reform and Consumer Protection Act” became law on July 21, 2010. Read our statement on its
Posted by Phyllis Salowe-Kaye/ Star-Ledger Guest Columnist August 06, 2009 5:16AM Categories: Economy ANDREW MILLS/THE STAR-LEDGER Elizabeth Warren is the chair of the Congressional Oversight Panel created to oversee the U.S. banking bailout, formally known as the TARP -Troubled Assets Relief Program. Most reasonable people
By Bill Ragen, SEIU An incentive system similar to one at the top is at work at the street level of the biggest banks. In the tens of thousands of bank branches and call centers of our biggest banks, employees-including bank tellers earning an average
Angela Canterbury Public Citizen We would have had more warning of the collapse of Wall Street and the subsequent economy crisis if there had been more protections and avenues for disclosure for employees willing to raise concerns. Whistleblowers are critical to combating fraud, gross mismanagement,
By Maya Jackson Randall and Jessica Holzer Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–Only 9% of eligible borrowers have received trial modifications under the Obama administration’s ambitious effort to help struggling homeowners, according to data released by the U.S. Treasury Department on Tuesday. Participating mortgage