Financial Reform

News Release | TexPIRG | Financial Reform

Consumer Financial Protection Bureau on Track for July Launch

Six months after Wall Street reform legislation creating the new Consumer Financial Protection Bureau (CFPB) was signed, a leading coalition released Halfway to the CFPB: An AFR Progress Report on “Standing Up” the New Consumer Financial Protection Bureau.

News Release | TexPIRG | Financial Reform

House Approves Wall Street Reform Package

Responding to the worst financial crisis since the Great Depression, the House today approved the conference report on the Wall Street Reform and Consumer Protection Act, HR 4173. The bill is strong medicine to rein in Wall Street and protect consumers, investors and taxpayers from further financial meltdowns. 

News Release | TexPIRG | Financial Reform

SENATE TAKES HISTORIC STEP TOWARD REINING IN WALL STREET, PROTECTING CONSUMERS

Senate passage of the Restoring American Financial Stability Act, S. 3217, tonight was long over-due and sets the stage for final passage of an historic reform. This bill to rein in Wall Street is a bill that Main Street will like. While the bill isn’t perfect, it includes strong measures to rein in Wall Street’s casino bets, regulate the shadow derivatives markets, protect consumers and prevent future economic meltdowns.

Media Hit | Financial Reform

San Antonio Business Journal: Community banks see flaws in proposed financial reform bill

With four banks controlling over 50 percent of the country’s banking assets, local community bankers concede that reform is needed to avoid a repeat of the financial crisis that thrust the country into the current economic downturn. The bill — dubbed the Restoring American Financial Stability Act — seeks to identify and respond to potential risks to the stability of the country’s financial markets and to promote discipline within the industry. It calls for the revision of regulations, standards and examinations of financial institutions, non-bank financial companies and bank holding companies, and it sets concentration limits for large financial institutions.

News Release | TexPIRG | Financial Reform

TexPIRG Wall Street Reform Amendment Guide Tracks Public Interest Votes

A new publication from the Texas Public Interest Research Group (TexPIRG) released today guides Senators through the maze of amendments likely to be offered for the Restoring America’s Financial Security Act of 2010 and indicates which way to vote – “yes” or “no” – in the public interest.

News Release | TexPIRG | Financial Reform

Senate’s Wall Street Reform Logjam Broken

Now the real fight to protect consumers and families begins. We urge the Senate to reject all efforts to water down reform of the reckless Wall Street practices that cost Americans millions of jobs and trillions of dollars in home values and retirement income, and shattered their faith that government can and will regulate the excesses of the marketplace. 

News Release | TexPIRG | Financial Reform

Reform Opponents’ Political Gamesmanship Serves Wall Street, Not Main Street

Tonight's vote against bringing Wall Street reform to the Senate floor for open debate and an open amendment process is pathetic political gamesmanship.  Wall Street cobbled together just enough votes to obstruct reform.  

News Release | TexPIRG | Financial Reform

Senate Financial Reform Bill – Some Improvements, More Needed

The Texas Public Interest Research Group (TexPIRG) applauds Chairman Christopher Dodd and a majority of the Senate Banking Committee for Monday evening’s vote to move a Wall Street reform package to the Senate floor. 

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