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AMERICANS FOR DEMOCRATIC ACTION
info@adaction.org * http://www.adaction.org For Information Contact: FOR IMMEDIATE RELEASE
David Card 10/23/2009 202-785-5980 AMERICANS FOR DEMOCRATIC ACTION APPLAUDS PASSAGE OF THE CONSUMER FINANCIAL PROTECTION AGENCY OUT OF COMMITTEE Michael J. Wilson, National Director of The failure of the nation’s regulatory institutions to protect consumers contributed to the worst financial crisis since the Great Depression. The CPFA will assume the role of public watch dog. “This is an important first step, but it is only a first step in righting the wrongs of the last decade,” said
“Lack of oversight let unscrupulous Wall Street bankers plunder our financial and housing markets. Their reckless greed cannot continue nor can we expect them to police themselves. “Former ADA President and Chair of the Financial Services Committee, Barney Frank, has shown bold leadership taking on these giant special interests on behalf of consumers. We applaud his efforts and look forward to getting this bill passed into law.” ### For more information on this topic, or to schedule an interview with Michael J. Wilson, please call David Card at 202-785-5980 or email him at info@adaction.org. |