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Posts Tagged ‘financial reform’

Politico reports:
After publicly sparring in the fall, the White House and the U.S. Chamber of Commerce are trying to make up.
In an extraordinary exchange of letters written after last week’s State of the Union address, Chamber President Tom Donohue and President Barack Obama agreed to disagree on some issues and work together where they can. 
Collusion [...]

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As you may already know, we’ve been working to make sure Senate Banking Committee Chairman Christopher Dodd (D-Conn.) stands up for the proposed Consumer Financial Protection Agency and serious financial reform. There have been rumors he might cave in to the corporate special interests on that – but his in his statement on Citizens United v. FEC, it [...]

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As a U.S. Chamber of Commerce delegation descended on Capitol Hill today, Americans Financial Reform issued a warning to Congress to be wary of the Chamber’s rhetoric. The Chamber is out to kill any legislation that might rein in its big bank members. Whereas Americans for Financial Reform — a coalition of more than 200 [...]

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Recently, a financial industry lobbyist said because Sen. Christopher Dodd (D-Conn.) is retiring, he is now free to “dance with the special interests that brought him to the dance in the first place. Us, his loyal donors in the banking community” (from Politico).
In fact, Dodd is now free to do the right thing and hold [...]

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Wall Street is giving outrageous a bad name.
We are just 16 months past the Wall Street crash of 2008. Forget profitability – Wall Street firms exist only because they have benefited from trillions of dollars in public supports. These supports extend far beyond the $700 billion for the Troubled Assets Relief Program, commonly referred to [...]

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In this recent Huffington Post article from Ryan Grim, Sen. Orrin Hatch (R-Utah) compares the creation of an independent Consumer Financial Protection Agency (CFPA) to the creation of the Environmental Protection Agency (EPA).
Apparently, conservatives like Hatch think that comparing the CFPA to the federal regulator charged with preventing big business from destroying the environment and [...]

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Last month, Public Citizen activists rallied in New York City, Austin and more than a dozen locales across the nation following the financial reform victory in the U.S. House. We joined our Americans for Financial Reform coalition partners in demanding Wall Street and big bank executives use their $150 billion compensation and bonus pool to [...]

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Want an in-depth look at the legislative struggle for financial reform in Congress? Read this excellent article from the Huffington Post’s Laura Bassett, Jeff Muskus and Elyse Siegel. It’s chock full of revealing eye-openers that show why passing strong financial regulation to rein in Wall Street is so difficult. 
The authors show that the revolving door [...]

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With passage of the Wall Street Reform and Consumer Protection Act of 2009, the U.S. House of Representatives today takes an important first step in reregulating the financial sector.
Most importantly, the bill creates a powerful financial consumer watchdog agency. Had the Consumer Financial Protection Agency existed during the go-go years earlier this decade, it could [...]

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The House financial reform battle has been nothing if not brutal. Can you join the fight for the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173)? The bill goes to a vote on the House floor tomorrow, and we need you to turn up the pressure on your representatives.
Here is an update on amendments [...]

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