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.
View the PDF Version Here Mr. Chairman Capito, Ranking Member Maloney, Members of the Subcommittee: My name is Adam Levitin, and I am an Associate Professor of Law at the Georgetown University Law Center in Washington, D.C., where I teach courses consumer finance, contracts, and
Read the PDF Version Here “LEGISLATIVE PROPOSALS TO IMPROVE THE STRUCTURE OF THE CONSUMER FINANCIAL PROTECTION BUREAU” April 6, 2011 Good morning, Chairwoman Capito, Ranking Member Maloney, and so many of my good friends here on the Subcommittee. It is a pleasure and an honor
Republican lawmakers should stand down in their efforts to delay and obstruct the shaping of the Consumer Financial Protection Bureau, which if properly implemented will go down in history as the most significant and innovative change to come out of the Dodd-Frank financial reform law.
Read the PDF Version Here AFR Statement on House Financial Services Subcommittee Hearing on Proposals To Weaken CFPB Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform, issued the following
Incredibly, last week, in a letter to Professor Elizabeth Warren, House Financial Services Committee chairman Spencer Bachus (R-AL), along with key subcommittee chair Shelley Moore Capito (R-WV), all but accused Professor Elizabeth Warren of lying to Congress in her recent, excellent testimony on the work of the Consumer Financial Protection Bureau Implementation team.