












Washington Post: Battle Waged Over Consumer Agency
click here for link Thursday, October 1, 2009 For more than three hours Wednesday, supporters and opponents of a new federal agency that would oversee mortgages, credit cards and other consumer financial products dug deeper into their trenches in Room 2128 of the Rayburn House











NYTimes: Bank of America Chief to Depart at Year’s End
October 1, 2009 By LOUISE STORY and ERIC DASH Click here for link Less than a year ago, Bank of America’s chief executive, Kenneth D. Lewis, celebrated his daring takeover of Merrill Lynch as the crowning triumph of a long career. On Wednesday, that conquest











The New York Times: Reforming the Financial System
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











Preemption and Regulatory Reform: Restore the States’ Traditional Role as “First Responder”
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
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
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











The Conference Committee
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











The Fight for Financial Reform
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











Star Ledger: Consumers deserve protection from financial institutions, too
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