This rush toward a vote in the Senate is a cynical attempt to roll back an important consumer protection before anyone gets straight answers from Equifax and Wells Fargo about the damage they’ve done to the financial lives of millions of Americans.
Facing wide criticism, Senate homeland security committee drops plan for a markup, promises to hold a hearing instead.
“Financial reformers have won a small battle in their fight with Wall Street over financial regulation,” Huffington Post reports.
Senator Brown’s remarks are below: Mr. BROWN of Ohio: Madam President, as we debate the best way to get our fiscal house in order, we must avoid, first of all, defaulting on our obligations while also working to make our economy stronger. While
Read our letter urging the Senate to oppose the “Burdensome Data Collection Relief Act”, H.R. 1062, which would protect overpaid CEOs from embarrassment by allowing them to hide shameful pay disparities within companies.
Read our letter to Congress urging that they support full funding for the CFTC in FY 2012 here.
Read our letter supporting the Merkley-Snowe (#428) Amendment here.
Read our letter here.
Read our letter here.
Read the pdf here. May 4th, 2011 Dear Senator, As the Financial Services Appropriations Subcommittee begins consideration of fiscal year 2012 agency funding decisions, we want first to thank you for recognizing the role that the Securities and Exchange Commission (SEC) and Commodity Futures Trading