Representing the Fifth District of Minnesota
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- Town Hall Forum on Financial R...
Eastside Neighborhood Services - Se...
Saturday, October 24 at 2:00pm
Source: ellison.house.gov
Who is afraid of Richard Goldstone? No one should be. Not even the U.S. Congress — yet it is poised on Tuesday to condemn the United Nations Human Rights Council’s Goldstone report on violations of international law related to the Gaza war of late 2008.
Keith Ellison
Washington, D.C. -- Congressman Keith Ellison (D-Minneapolis) will host a Town Hall Forum this Saturday, October 24th, 2009 on the Consumer Financial Protection Agency (CFPA) currently being debated in Congress.
“One cause of the financial collapse (there were many) was the failure of our system of consumer financial ...protection. No one was there to review transactions or provide adequate protection to consumers. President Obama’s proposed Consumer Financial Protection Agency makes available the lifeline that consumers need,” Ellison said.
The most abusive and predatory lenders were not federally regulated. More than 50 percent of the subprime mortgage loans made in 2005 and 2006 were originated by lenders not subject to federal supervision. Mortgage brokers, finance companies and payday lenders made toxic home and consumer loans with few limits -- loans with little or no documentation -- commonly known as "liar loans."
The CFPA would strengthen regulatory standards and subject all institutions engaged in consumer credit transactions to the same rules and supervision. The proposed agency would not simply protect consumers; it would also help community banks and other responsible actors by relieving them of duplicative regulatory burdens.
“We have gathered together a very distinguished panel of consumer rights advocates who will discuss consumer protections from unfair, deceptive and abusive practices. We will also talk about ways to increase transparency and fairness for financial products and services,” the 5th District Congressman stated.Read More
“One cause of the financial collapse (there were many) was the failure of our system of consumer financial ...protection. No one was there to review transactions or provide adequate protection to consumers. President Obama’s proposed Consumer Financial Protection Agency makes available the lifeline that consumers need,” Ellison said.
The most abusive and predatory lenders were not federally regulated. More than 50 percent of the subprime mortgage loans made in 2005 and 2006 were originated by lenders not subject to federal supervision. Mortgage brokers, finance companies and payday lenders made toxic home and consumer loans with few limits -- loans with little or no documentation -- commonly known as "liar loans."
The CFPA would strengthen regulatory standards and subject all institutions engaged in consumer credit transactions to the same rules and supervision. The proposed agency would not simply protect consumers; it would also help community banks and other responsible actors by relieving them of duplicative regulatory burdens.
“We have gathered together a very distinguished panel of consumer rights advocates who will discuss consumer protections from unfair, deceptive and abusive practices. We will also talk about ways to increase transparency and fairness for financial products and services,” the 5th District Congressman stated.Read More
Congressman Keith Ellison will host a Town Hall Forum this Saturday on the Consumer Financial Protection Agency (CFPA) currently being debated in Congress
Time:2:00PM Saturday, October 24th
Location:Eastside Neighborhood Services - Senior Dining Room
Keith Ellison Check out my op-ed in The Hill about increasing sanctions on Iran
Source: thehill.com
Fifteen years of sanctions on Iran have taught us one important lesson: They have not produced the intended results. More sanctions are unlikely to produce results now.
Keith Ellison Check out my Star Tribune Op-Ed about creating a Consumer Financial Protection Agency
Source: ellison.house.gov
A proposed federal agency would have consumer protection in mind. As the financial tsunami of 2008-09 hit titans like Merrill Lynch, Lehman Brothers and Bear Stearns, millions of middle-class Americans were dragged out in the tide with no bailout. For these folks, the American dream of home ownersh...
Source: www.youtube.com
Congressman Keith Ellison talks about the Public Option and how proposed health insurance co-ops will not serve the same role to create real choice for Americans without health insurance.
Source: smartglobalhealth.org
Global health may seem a distant problem from Minneapolis, Minnesota, and my constituents, but I assure you it is not. Quite the contrary.
Source: www.youtube.com
Congressman Keith Ellison talks about the need for Congress to pass the Healthy Families Act, which would give most workers at least 7 paid sick days per year. This paid time off can be used to recover ...
Keith Ellison Tune into CSPAN now to watch the Progressive Message. We're talking about DC Voting Rights.
Source: www.youtube.com
Congressman Keith Ellison talked with Basil Okoor about the importance of a free and open press in the Middle East and in Jordan specifically. Basil writes for Ammon News in Jordan.
