Causing a furor before it exists James Lardner (Remapping Debate) May 12, 2011 “With the passage of last year’s Dodd-Frank reform law, the 111th Congress called for the creation of a Consumer Financial Protection Bureau. Now, two months before its scheduled launch date, the ascendant
AFR Executive Director, Lisa Donner was interviewed by the BBC – click here to watch the story. 12 May 2011 Last updated at 06:24 ET Time to get tougher on the big banks, that is what Federal Reserve chief Ben Bernanke is expected to say
AFR signed on in support of a letter sent to members of Congress today regarding four pieces of legislation that would threaten the ability of the CFPB to sufficiently protect consumers.If enacted, these bills would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.
FOR IMMEDIATE RELEASE May 6, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Efforts to Block Any CFPB Nominee Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform,
View the press release in pdf form here. FOR IMMEDIATE RELEASE: CONTACT: May 4, 2011 Travis Plunkett, 202-939-1004 Jack Gills, 202-737-0766 HOUSE MOVES TO HANDCUFF NEW CONSUMER FINANCIAL AGENCY –Legislation Will Give Discredited Banking Regulators Vast Power to Block Needed Protections– The Consumer Federation of
FOR IMMEDIATE RELEASE May 4, 2011 CONTACT: John Carey 202-466-1854 john@ourfinancialsecurity.org Consumers Demand a Strong Consumer Financial Protection Bureau Efforts to Handcuff the CFPB in House Subcommittee are Wrong Washington, DC – Today, a House Financial Services subcommittee is considering two pieces of legislation that
44 Senate Republicans sent a letter to President Obama refusing to confirm any director to the CFPB unless the Bureau is significantly weakened. Read the full letter here.
http://www.campaignmoney.org/press-room/2011/04/21/spencer-bachus-1st-quarter-funds Washington, D.C.—Ninety-seven percent of Rep. Spencer Bachus’ (R-Ala.) first quarter fundraising came from donations outside of Alabama, according to Public Campaign Action Fund analysis of data provided by the Federal Elections Commission (FEC). Bachus, chairman of the House Financial Services Committee, told the Birmingham
This continuing resolution does not give the Commodity Futures Trading Commission and the Securities and Exchange Commission all of the resources they need, but we are very pleased that the President and Congress fought to keep Wall Street reform on track and resisted efforts to starve them of the funds necessary to police the rules of the financial market.
Since Congress largely deregulated consumer deposit (checking and savings) accounts beginning in the early 1980s, the PIRGs have tracked bank deposit account fee changes and documented the banks’ long-term strategy to raise fees, invent new fees and make it harder to avoid fees.