Americans for Financial Reform AFR

en Espanol – Linked on our blogs with Americans for fairness in lending AFFIL.

Moving Forward – Americans for Financial Reform is fighting for:

  • A strong and fair regulatory system that has the resources and authority necessary to police Wall Street and the big banks.
  • A consumer watchdog agency, the Consumer Financial Protection Agency (CFPA), which, like the FDA for food and drugs, will set basic safety standards. We need the CFPA to protect families, and the market as a whole, from loans designed to trick and trap us, and to encourage fair competition.
  • A banking system that helps people stay in their homes; and makes smart investments in communities and businesses to create good jobs and strong neighborhoods.
  • The democratization of the Federal Reserve, so that it is transparent and accountable to the public and independent from control by the banking industry.
  • … (full text Issues).

Call to action; Position papers; Coalition News; Events; Who we are; Donate;
Address: AFR, 1825 K Street NW, Suite 210, Washington, DC 20006, USA;

About: Americans for Financial Reform is a coalition of nearly 200 national, state and local consumer, labor, retiree, investor, community, and civil rights organizations who have come together to spearhead a campaign for real reform in our banking and financial system.  

For too long, the rules of Wall Street have been written by the bankers themselves. The result is the mess that we are in. The huge mismanagement of risk by major financial firms, the ensuing financial crisis, and the related economic recession have cost millions of workers their jobs, forced millions of families out of their homes, and wiped out trillions of dollars in retirement savings. The large banks and Wall Street have undermined Americans’ confidence in the integrity and fairness of financial institutions, and of the regulators and regulations that should have held them accountable.

Now we need to clean up the mess and look at the root causes to ensure that it won’t happen again. We call on Congress to put in place a real system with the resources and authority to police Wall Street. We call for a consumer watchdog who can give the American people the security they expect and deserve when making financial decisions. We will also fight for reforms that keep people in their homes and prompt smart investment in communities and businesses that create good jobs and strong neighborhoods. Accountability, fairness, and security must be linchpins of financial reform; these principles will win out only if the voices of the public prevail.

The job of rewriting the regulatory rulebook must not be left to the insiders and market players who brought about the current state of affairs. We are coming together to make sure that the depth and breadth of popular anger and frustration are heard, to hold our elected leaders accountable, and to insist on a strong role for the public in making crucial decisions about our economic future.

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