Heather Booth, Executive Director of Americans for Financial Reform, released the following statement today about a strong and independent CFPA:

“AFR supports the creation of a strong and independent Consumer Financial Protection Agency. We haven’t seen a real proposal for this yet. When we see one, we’ll evaluate it based on our concern that the agency be effective and not a captive of the forces that either caused the financial meltdown or failed to exercise their regulatory responsibilities. We need real protection for consumers from a still out-of-control financial sector, that’s our bottom line.”