Nearly five years after the financial crisis, a new national poll – conducted on behalf of Americans for Financial Reform and the Center for Responsible Lending – shows continued bipartisan support for tougher regulation of the financial industry and its products and services. A sweeping majority of voters (78%) believe that financial rules and enforcement need to be strengthened, and that Wall Street’s bad practices have not changed enough.
The House of Representatives plans to vote this week on the so-called “Consumer Financial Protection and Soundness Improvement Act” (HR 3193). This bill is a gift to the worst elements of Wall Street and the financial industry, whose tricks and traps cost American families tens of billions of dollars a year. If enacted into law, HR 3193 would invite a resurgence of the abusive and deceptive lending that was one of the leading causes of the financial crisis that nearly capsized the U.S. economy five-and-a-half years ago.
An overwhelming majority of Americans—Republican, Democratic, and Independent—favor strong, sensible oversight of the financial services industry, including a strong and independent Consumer Financial Protection Bureau, the poll finds.
FOR IMMEDIATE RELEASE July 21, 2011 CONTACT: Ed Mierzwinski, U.S. PIRG 202-461-3821 John Carey, AFR, (202) 466-1854 New Report Highlights Reasons for New Consumer Protections Consumer Financial Protection Bureau “Stands Up” Today Washington, DC – The report, entitled “10 Reasons We Need The Consumer Financial Protection Bureau Now”, outlines predatory financial practices that hurt
FOR IMMEDIATE RELEASE June 28, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org *** Conference Call Briefing *** Local Organizations Release New Report, Call on Regulators to Stop Speculation Now Washington, DC – Americans for Financial Reform (AFR) will host a conference call with reporters and bloggers Today at 2:00 PM EDT to release a report
Americans for Financial Reform unveiled new numbers showing strong momentum behind finishing Wall Street reform now and members who support loopholes for big banks do not have the high ground. Listen here.
