Tag Archives: Elizabeth Warren

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Big Victory, With Help All Around


www.MoveOn.org

That’s how good things can happen in Washington. After a two-year campaign of obstruction, a group of Senators finally relented, voting to end debate and bring the nomination of Richard Cordray to a vote. The Senate confirmed Cordray later yesterday, and he was sworn in this morning.

We wanted you to know, as one of the more than 160,000 signers of petitions telling the Senate to Confirm Director Cordray and Let the CFPB Do Its Job. In recent weeks, AFR and allied groups have delivered these petitions physically to the offices of 13 Senators, and electronically to the entire Senate. Meanwhile, around the country, editorials, op eds, and blog posts have demanded Cordray’s confirmation, while refuting false claims made about the CFPB’s supposed lack of accountability and “unprecedented” funding and structure.

It made a difference. The public interest prevailed. “The political stalemate is over,” Senator Elizabeth Warren (who first conceived the idea for the CFPB) declared. “There is no doubt the consumer agency will survive beyond the crib.”

The creation of this agency stands as one of the biggest and clearest victories yet won in the struggle for fundamental reform of the financial system. In its short life, the CFPB has already:

  • Moved to rid the mortgage market of loans designed to self-destruct
  • Shielded military families against various financial scams
  • Warned auto lenders against practices that jack up the price of credit for African-Americans, Latinos, women or seniors
  • Returned nearly half a billion dollars to consumers cheated by credit card companies; and
  • Begun to tackle a host of other problems, including predatory payday loans, excessive bank overdraft fees, abusive debt collection practices and the plight of students and families trapped in high-cost private education loans.

Now its invaluable work can go on.

Congratulations, all of us. And back to work.

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Good news from the Trayvon Martin tragedy


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Keep fighting, Sarah Burris, Daily Kos

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Banks taken to court!


Yesterday, the NY Attorney General announced plans to file a lawsuit against HSBC for ignoring the law and hurting families in foreclosure. Big banks like HSBC think the rules don’t apply to them — not acceptable!

Over 40,000 people have already joined Elizabeth Warren in saying that we need to protect the public and break up the big banks.

Can you add your voice in support of the Brown-Vitter bill to break up the big banks? Click here to sign the petition.

Thanks! — Adam Green

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Stand with Elizabeth Warren

 

Elizabeth Warren did it again.

In another moment sure to go viral on YouTube, she grilled Treasury Secretary Jack Lew on the Obama administration’s opposition to breaking up the big Wall Street banks that are “too big to fail.”

Warren endorsed breaking up the big banks and preventing future bailouts. Senators Sherrod Brown (D-Ohio) and David Vitter (R-Louisiana) have introduced a new bipartisan bill to do just that.

Watch Elizabeth Warren in action — and join her in urging President Obama and Congress to end “too big to fail.” Sign our petition supporting the Brown-Vitter bill.

Warren pointed out that the largest financial institutions are getting bigger and bigger — 30% larger than they were when they wrecked our economy.

She asked Treasure Secretary Lew, “How big do the biggest banks have to get before we consider breaking them up?” He had no answer.

The media and political insiders need to see the public quickly rallying around Warren in order for her grilling yesterday to make a lasting impact.

Watch Warren in action and sign our petition in support of breaking up the big banks.

Thanks for being a bold progressive.

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Is $300 justice? Brian, Campaign for a Fair Settlement


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“Breaking the law is not a trade secret.” – Sen. Elizabeth Warren, April 11, 2013

$300. For having your home taken from you illegally.
Is that your idea of justice? The federal bank regulators think it is. Want to know why? Sorry, they can’t tell you – that would mean revealing “trade secrets” of the banks.
It’s true. This week some 4 million families whose homes were stolen by Wall Street criminals in 2009 and 2010 will be getting a total of $3.6 billion in compensation. Most will receive less than $1000. For losing their homes. That amount was arbitrarily determined by the Office of the Comptroller of the Currency (OCC) and when asked why in a Senate hearing yesterday, they said turning over the information would mean turning over confidential “trade secrets”.
To which Sen. Warren responded, “Breaking the law is not a trade secret.” [1]
Exactly. That’s why hundreds of homeowners from around the country are going to DC this May to demand an end to Too Big to Jail. You can support their fight by signing on to this call to AG Eric Holder and President Obama to start criminal prosecutions of criminal Wall Street bankers.
If our system of justice worked, two things should have happened: (1) those responsible should have been prosecuted for their crimes, and (2) borrowers should have been compensated for these violations. You already know that Attorney General Holder and the Justice Department have given the bankers get out of jail free cards. Now the federal regulators have allowed them to pay pennies on the dollar to people who lost their homes. That’s what happens with Too Big to Jail.
In hearings on April 10th, Senator Warren posed the right question: “Have the families been protected, or have the banks been protected?” So far the regulators and Justice Department have thrown down with the banks, not with families. That’s what happens with Too Big to Jail.
We’ve made calls, sent petitions, written letters – and we’re still not seeing the change we need. So next month members of the Home Defenders League, supported by the Campaign for a Fair Settlement, are taking things right to the steps of the Justice Department in DC.
Add your voice to those going to DC by signing on to the petition to the Administration here. We can guarantee your signature will be delivered as part of dramatic and bold actions at the very heart of law enforcement in the United States.
Delivering the 333,000 signatures on April 2 was just the beginning. And we’ve got Too Big to Jail in our sights.

In solidarity,
Brian Kettenring Executive Director, Action for the Common Good Campaign Director, Campaign for a Fair Settlement

PS. If YOU want to go, you can register your interest by clicking HERE. Home Defenders League staff will contact you with more details.

[1]  http://www.youtube.com/watch?v=zD7zM9K0X4c http://www.campaignforfairsettlement.org/
-=-=- Campaign for a Fair Settlement · 11 Dupont Cir, Suite 240, Washington, DC 20036, United States CFS is a multi-sectoral coalition. Common Good and Action for the Common Good staff provide strategic and logistical support to the effort. This email was sent to ynative77@gmail.com.  To stop receiving emails, click here. You can also keep up with Brian, Campaign for a Fair Settlement   on Twitter or Facebook.   -=-=-
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Fix the filibuster !


On Tue, Nov 20, 2012 at 11:44 AM, Tim Leahy, Team Merkley <campaign@jeffmerkley.com> wrote:

Friends,
Senator Merkley’s campaign to fix the filibuster is gaining momentum. Over 200,000 people have now signed our petition to the U.S. Senate, and our campaign is getting noticed all across America!
Senator Merkley is working hard to convince his colleagues in the Senate that the time is now for filibuster reform. And it makes a huge difference when he can point to a groundswell of grassroots support.
We can do this!
Tim Leahy
Team Merkley
—— Forwarded Message ———
From: Senator Jeff Merkley
Subject: Take Action: Fix the Filibuster
Date: Nov 15, 2012 19:14 a.m. PST

To: Friends

Join Elizabeth Warren, Tom Harkin, Kirsten Gillibrand, Tom Udall, and Jeff Merkley.
Friends,
Our country faces serious problems. And serious problems deserve serious consideration.
But far too often, we’ve seen good ideas stall in the Senate because a single Senator can stop everything and block an up-or-down vote without a single word uttered on the Senate floor.
Passionate debate is a good thing. Which is why I’ve proposed a “talking filibuster” — a requirement that if a Senator is going to block a vote by arguing that more debate is needed, then he or she must do so by taking the floor and making a case to the American people. That way, the American people can judge for themselves whether the obstruction makes those Senators heroes, or bums.
And when debate stops, it’s time for an up-or-down majority vote.
Please join me and Senators Tom Udall, Kirsten Gillibrand, Tom Harkin and Senator-elect Elizabeth Warren in this fight to reform the Senate by signing our petition.
In a few short weeks, we can make this change happen. But it won’t be easy. And it’s going to require that the American people speak with one, clear, loud voice.
Thank you.
Onward,
Jeff Merkley