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Greetings,
Senators could be voting today on proposals to gut the
CFPB and to repeal ALL of the progress we made on financial reform.
In a last minute development, opponents of financial reform are
pushing for votes TODAY on amendments to gut the new Consumer
Financial Protection Bureau (CFPB) (#391 - Moran), and to repeal the
Dodd-Frank Wall Street Reform and Consumer Protection Act entirely
(#394 - DeMint) . A vote to delay and try to derail curbs on fees
banks charge merchants – and thus the consumer – on debit cards is
already scheduled ( #392 - Tester).
It is particularly important that your Senators hear from you
that a vote for the Moran amendment on the CFPB is a vote to destroy
the new Consumer Bureau. This proposal would put the regulators who
failed to protect us from the predatory practices that led to the
2008 financial collapse in charge of the CFPB. It would strip the
CFPB of its ability to stand up for consumers. It is designed
to gut the consumer watch dog before it even opens its doors, and
protect the big Wall Street banks and the status quo.
Want to do more? Email us at in...@ourfinancialsecurity.org
for more information.
Sincerely,
Americans for Financial Reform
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