On the recordJanuary 10, 2024
Republicans are just at it again, aren't they? They keep bringing up bills that protect big corporations and banks instead of helping Americans and protecting working families. We saw it when Republicans tried to cut funding for the Consumer Product Safety Commission and to weaken the Consumer Financial Protection Bureau. These are agencies that the American people trust and they want because these are agencies that stand with consumers. Our consumers need and want someone in their corner. Republicans, however, keep trying to restrain the Federal agencies who are charged with defending and protecting our consumers, including today, the Department of Justice. H.R. 788 is another attempt to protect those same big banks and big corporations, the ones that pollute our communities and put their own profits over people's ability to stay in their homes. For example, Bank of America made a lot of money by selling subprime mortgages before the 2008 financial crisis. Bank of America hurt regular peoples' ability to buy and stay in a home of their own. So the Department of Justice went after Bank of America, and they entered into a settlement agreement to hold that bank accountable. That settlement required the bank to pay damages to the Americans who were directly harmed by its actions. We know that what the Bank of America and all those greedy corporations did was to more than just hurt the consumers of that bank, it hurt the housing market itself.…
Source
govinfo.gov




