LATEST SENATOR BROWN
WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – issued the following statement today in response to a new report out from the U.S. Treasury Department, which calls for rolling back Wall Street protections that were put in place to protect consumers and taxpayers following the 2008 financial crisis. Among its recommendations, the report calls for gutting the Consumer Financial Protection Bureau (CFPB), which has returned almost $12 billion to 29 million Americans who have been cheated by shadowy debt collectors, for-profit schools, and payday lenders.
“When Wall Street greed goes unchecked, American taxpayers and working families pay the price. Too many hardworking Americans still haven’t fully recovered from the financial crisis, and Washington should be focused on protecting them by holding Wall Street accountable, not doing its bidding.”
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