On the recordJanuary 27, 2010
The House passed the Wall Street Reform Consumer Protection Act. It will reform the rules of the road that oversee Wall Street. It will end bailouts by helping ensure that taxpayers are never again on the hook for Wall Street's risky decisions. It will protect retirement funds, college savings, homes, and businesses' financial futures from unnecessary risk by executives, lenders, and speculators. It will protect consumers from predatory lending abuses, fine print, and industry gimmicks, and inject transparency and accountability into a financial system run amok. It ends predatory lending practice with tougher enforcement. We ask the Senate to pass this legislation to protect our consumers.
