United States House of Representatives Washington, D.C. 20515 December 7, 2009 Dear Representative, We write to express our support for Sec. 4208 of the Consumer Financial Protection Agency (CFPA) Act, Title IV of H.R. 4173, which authorizes the CFPA to restrict or prohibit the use
The House of Representatives is scheduled to vote this week on H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009. Read our letter of support for this bill here. The banks and others who created the financial meltdown are working hard to
When a financial institution fails, only insured depositors should be rescued by the government. Bailouts for other parties, such as shareholders and bond holders, are an unacceptable use of the public treasury to rescue private risk-takers, functioning as little more than wealth transfers from poor
AFR and other groups sent this letter (PDF) to members of the House Financial Services Committee. Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil
House Financial Services Committee 2129 Rayburn House Office Building Washington, D.C. 20515 November 17, 2009 Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil rights
Consumer Federation of America and Americans for Financial Reform Decry House Financial Services Committee Vote to Weaken Post-Enron Fraud Protections WASHINGTON, Nov. 4, 2009 –Today, Americans for Financial Reform and Consumer Federation of America released the following statement in response to the House Financial Services
November 3, 2009 Don’t Be Fooled: Revised Adler SOX 404 Amendment Is Bad for Investors and Bad for the Economy Dear House Financial Services Committee Member: We understand that Congressman Adler plans to offer a revised amendment to weaken protections against accounting fraud at smaller
Dear House Financial Services Committee Member: As you continue consideration of the Investor Protection Act this week, decisions you make on pending roll call votes will determine whether this legislation lives up to its name. Unfortunately, several of the bill’s central provisions have already been
DATE: October 30, 2009 AFR Encouraged As the Consumer Financial Protection Agency Passes Next Challenge Efforts to Weaken the Agency Defeated Washington, DC – Americans for Financial Reform released the following statement following on the passage of the Consumer Financial Protection Agency by a second
Powers must be given to a fully public body, and one that is able to benefit from the information and perspective of the routine regulators of the financial system (excerpt from Pres. Trumka’s testimony) DATE: October 30, 2009 AFR: “Too Big To Fail” Legislation Needs