Washington Independent: Consumer Groups Praise Financial Reform, but Cautiously

This article in the Washington Independent talked about the strengths and weaknesses of the Senate’s financial reform bill, and quoted AFR Director Heather Booth.

By and large, consumer watchdogs — some of the bill’s fiercest critics and biggest supporters — were happy with the final Dodd legislation. “We are pleased the Senate has passed this momentous bill that will rein in big banks’ reckless behavior and bring transparency to our financial system and protect consumers,” Heather Booth, the consumer advocate and director of the Americans for Financial Reform, said in a statement. “[This bill] ensures the financial system operates to support needs of working families, promotes business growth and economic mobility rather than the interests of the speculators who view the economy as a huge casino.”

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