How to Help Stop the Rollback of Wall Street Reform
Maybe the Great Recession wasn't so bad after all!
That seems to be the takeaway for Republicans (and quite a few Democrats) in the Senate who are fast-tracking a bill to gut some of the Dodd-Frank Act's key protections against shady lending.
According to Indivisible, the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) would:
- Put us at risk of another financial crisis
- Allow racial discrimination in mortgage lending to go unchecked
- Erode consumer protections.
On the bright side, it's great for bank lobbyists. 💸😎
How to help stop the destruction of the Dodd-Frank Act
Watch Senator Elizabeth Warren break down in plain English what this bill would do. Short version (2 minutes). Long version (19 minutes).
Need a refresher on how the last financial crisis went down? Jennifer Taub has you covered.
Call your Senator (202.224.3121) with your urgent opposition to S. 2155. Indivisible has a great phone script.
Sign this petition addressed to Senate Democrats.
Follow the hashtag #BankLobbyistAct on Twitter for updates. Also, these tweeters will tell you everything you need to know: Amanda Werner (aka Monopoly Man), Alexis Goldstein, Ed Mierzwinski, and Joe Valenti.
Support Americans for Financial Reform, the coalition that worked for original passage of Wall Street reform and has been fighting ever since to preserve it.
BTW: are you having a problem with a bank or financial company? Even though it's under attack by the Trump Administration and the Republican Congress, the Consumer Financial Protection Bureau might be able to help.
You can file a complaint at www.consumerfinance.gov or by calling 855.411.CFPB. The CFPB can help with problems with mortgages, student loans, auto loans, payday loans, debt collection, credit reporting, bank accounts, prepaid cards, remittances, and more. The CFPB call center provides support in 180+ languages.
