OPPOSE AMENDMENT #3789 Senator Brownback’s Modified Amendment #3789 which provides a special interest carve out for auto dealers, does not protect US military personnel or any other American consumer from the abusive and unscrupulous practices of some auto dealers. The auto dealer exemption, as now written, maintains the status quo and allows bad acting auto
$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress. $600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the first major federal bailout of Bear Sterns in March 2008. 243…The number of government insiders turned lobbyists employed by
The Senate must hold Wall Street accountable by passing the Bureau of Consumer Financial Protection (CFPB), an essential part of the reform package. Its purpose is to protect Americans from unfair, deceptive, and abusive financial products. As part of that mission, the bill provides the CFPB and the Securities and Exchange Commission (SEC) with the
Read FAQs about the SAFE Banking Act here – see page 3 (pdf). Our financial system has become dominated by institutions that are “too big to fail.” Moreover, as FDIC Chairman Bill Isaac has said, they are “too big to manage, and too big to regulate.” MIT professor Simon Johnson and James Kwak, a researcher
CFPA AG Enforcement
Americans for Financial Reform supported H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, which will provide much-needed financial regulations and calls for the creation of a Consumer Financial Protection Agency. Read our statement about the bill here. The Act passed by a vote of 223-202. Find out how your Representative voted,