The movement for consumer justice has gotten bigger and stronger, and if you’re in Chicago next week you can experience it firsthand. Americans for Financial Reform (AFR), a big coalition of which AFFIL is a member, is organizing a series of demonstrations on October 25 – 27. Over 5,000 people are expected to attend.
And that’s not all Americans for Financial Reform (AFR) is up to. This mega-coalition was formed a few months ago to take advantage of the current opportunity to reform the nation’s financial regulatory system.
AFR considers itself a “David” in colossal battle against the Goliath banking industry. Indeed, today’s Wall Street Journal has this headline: “Wall Street Steps Up Political Donations, Lobbying.” The Chamber of Commerce is throwing its weight around too, running ads that suggest that somehow the CFPA would harm your local butcher’s business. Fortunately President Obama called their bluff, calling the ads “completely false.”
But misinformation can be deadly even when the President counters it. The consumer movement is bigger and stronger than ever, and in some ways the banks are weaker than ever, but it’s still going to take a lot of hard work to get common sense reforms the like CFPA enacted. To help, you can join AFFIL’s mailing list and keep up on all the action.
If you are in Minnesota, contact The Glover Law Firm, LLC, for a free case evaluation. In any other state, you can find a consumer rights lawyer using the National Association of Consumer Advocates lawyer database.
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I hope the October demonstrations were effective and more citizens became aware that government regulation has been ineffective and purchased by the special interests who use law and process to maximize their profits.
So often, it is difficult to educate average Americans to the fact that law and regulation is influenced by those who want to profit from laws and regulations that always give them the edge over the average citizen.
While we are led to believe that “individual rights” are protected under The Constitution, our “commercial” individual rights are being taken away by the large corporations who insist on “arbitration” etc.. in their contracts with the American consumer.
Hopefully, this NEW Consumer agency will have TEETH and stop some of the exploitation of the individual consumers and laws and regulations will be reviewed (as per President Obama’s EO) to determine if these laws and regulations are fair to the American public.
Please read “Franchise Regulation Realities “Deception or Patriotism” and my blog “http://thegreatfranchisingrobbery.blogspot.com/