FOR IMMEDIATE RELEASE Published July 21, 2009 5:06 PM Marcus Mrowka, 202-730-7759, marcus.mrowka@seiu.org Congress Must Not Buckle to Corporate Interests on Financial Reform WASHINGTON, DC— Today, the Service Employees International Union released a statement from Secretary-Treasurer Anna Burger following reports that Congress is delaying action
In testimony last week by Fed Governor Elizabeth Duke (a former American Bankers Association official) and yesterday by Fed Chairman Ben Bernanke, the Federal Reserve has argued that it deserves to keep authority over consumer protection. CONTINUE AT http://static.uspirg.org/consumer/archives/2009/07/ten_reasons_not.html
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Listen to Professor Warren explain clearly and compellingly why the financial system is broken and how a Consumer Financial Protection Agency is one critical element of true comprehensive financial reform Click here to See Professor Warren explain the need for a Consumer Financial Protection Agency
Download this testimony as a PDF. Introduction: This testimony describes why we recommend that consumer protection for financial products and services be consolidated within a new federal Consumer Financial Protection Agency. A review of the history of consumer protection by the Federal Reserve and the