As the Conference Committee continues to meet to prepare a final financial reform bill, Americans for Financial Reform has outlined these points as their top priorities: Establishing a Consumer Financial Protection Bureau that is independent, has broad enforcement authority, and the necessary funding to protect
The Washington Post published this commentary from Susan Weinstock of the Consumer Federation of America. Here is an excerpt: By Susan K. Weinstock Monday, June 14, 2010 Contrary to the commentary by auto dealer Tammy Darvish [“A fight on the front lines of the auto
Real Reform Won’t Allow National Banks to Ignore State Laws Targeting New Abuses Not Yet Addressed in Federal Law Urgent Recommendation to Joint Conference Committee on Financial Reform: Keep the House language that requires a “substantive federal standard” before allowing national banks to ignore state
Nobel Prize winning economist Joseph Stiglitz writes in Politico about the upcoming Conference Committee between the House and Senate. He writes: The future of improved financial regulations depends largely on how the differences between the House and Senate bills are resolved. If the strongest provisions
The Honorable Christopher Dodd Chairman Senate Committee on Banking, Housing and Urban Affairs Washington, DC 20510 The Honorable Barney Frank Chairman House Committee on Financial Services Washington, DC 20515 RE: Mortgage and Foreclosure Issues in Financial Reform Conference Dear Chairman Dodd and Chairman Frank: Thank
This op-ed was placed in the Tennessee Opinion by Krissa Barclay, former chairman of the Davidson County Democratic Party, and Lauren Saunders, managing attorney at the National Consumer Law Center. This piece makes note of the differences in safety and transparency between commercial products and
U.S. PIRG has graded Senators on their votes on financial reform. Click here to find out how yours stack up! From their press release: “Looking at how a Senator votes on one final passage vote isn’t enough,” said Ed Mierzwinski, Consumer Program Director for U.S.
Key Provisions Go a Long Way Preventing Another Financial Crisis Washington, DC – The historic Wall Street reform legislation passed by the Senate on May 20 will have an impact on Main Street as well as Wall Street. The big banks will make every effort
For Immediate Release May 20, 2010 Washington, DC – Americans for Financial Reform issued the following statement regarding the Senate’s cloture vote, setting the stage for an up-or-down vote on legislation to hold Wall Street accountable, end the casino economy and protect consumers from financial
Senator United States Senate Washington, DC 20510 Re: SUPPORT MERKLEY-LEVIN, OPPOSE BROWNBACK AMENDMENT IN ANY FORM Dear Senator, On behalf of Americans for Financial Reform (AFR), we urge you to support the Merkley-Levin Amendment to S. 3217, the Restoring American Financial Stability Act of 2010,