Last night in his State of the Union address, President Obama reinforced his ambitious agenda to fix the economy and enact financial reform, including measures to hold Big Banks accountable for their reckless actions that led to our financial crisis and the loss of millions of jobs:
The House has passed financial reform…And the lobbyists are already trying to kill it. Well, we cannot let them win this fight. And if the bill that ends up on my desk does not meet the test of real reform, I will send it back.
At Americans for Financial Reform, we are fighting to make this possible. Financial reform will protect working families and small businesses by reining in the greedy, reckless behavior of big banks on Wall Street and will crack down on the abuses committed by credit card companies and the mortgage lending industry. These reforms will hold Wall Street accountable and prevent another financial crisis.