Senators could be voting today on proposals to gut the CFPB and to repeal ALL of the progress we made on financial reform. In a last minute development, opponents of financial reform are pushing for votes TODAY on amendments to gut the new Consumer Financial
The New Yorker The Financial Page by James Surowiecki June 13, 2011 “Elizabeth Warren may well be the most popular person in Washington. When she was head of the Congressional Oversight Panel on TARP, her willingness to go after Wall Street, the Treasury Department,
By: Janis Bowdler, Director, Wealth-Building Policy Project, NCLR Channel: Economics, Social Univision News Tumblr “Being a consumer of financial products isn’t easy these days. Fine print, changing technology, and “gotcha” fees are enough to make you put your money back under the mattress, but that
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
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,
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
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
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.
The American public wants and needs an effective Consumer Bureau to prevent rip-off financial products laden with tricks, traps, and hidden fees. Abusive financial products take tens of billions of dollars a year out of our pockets, sending them to feed the inflated bonuses of a handful of Wall Street CEOs.