Congress is considering legislation to create a Consumer Financial Protection Agency (H.R. 3126) to guard us against misleading and unfair credit cards, loans and mortgages. In addition to giving consumers a much-needed watchdog, the Barney Frank (D-Mass.) bill would protect whistleblowers who will warn us of wrongdoing by the big banks and others in the financial industry.
But the big banks are spending hundreds of millions of dollars—from the billions they got in taxpayer-funded bailouts—on lobbyists and public relations firms to oppose real consumer protections. Some members of Congress are even siding with the banks; Rep. Melissa Bean (D-Ill.) will offer an amendment to the bill that would strip the right of states to have stronger consumer protections than federal law.
Make sure Congress hears from you! Use the simple form below to tell Congress that you want a strong Consumer Financial Protection Agency and a strong economy that works for all of us.
Learn more on our Financial Accountability and Security page.
Please take a moment to add your own words to the email below. This greatly increases the likelihood that your message will make a difference! You can also ask your representative and senators to support a strong Consumer Financial Protection Agency by phone by calling the U.S. Capitol Switchboard at (202) 224-3121. Let us
Support the Consumer Financial Protection Agency
Dear Representative
I am fed up with the Wall Street firms and big banks that turned our economy upside down. Thanks to weakened regulations and ineffective oversight, the financial services industry was allowed to play by its own rules—and sometimes no rules at all.
We ended up with credit cards, loans and mortgages that were unfair and unsafe. Millions of Americans are losing their savings, their jobs, their businesses, and their homes. More than a year after the financial meltdown, our entire economy continues to suffer.
I am writing today as a constituent to ask you to support the Consumer Financial Protection Agency Act (H.R. 3126), which will be voted on in the House Financial Services Committee this week. This excellent bill will create a much needed watchdog for consumers and ensure more accountability from the financial industry by protecting employees who blow the whistle on wrongdoing.
I also am writing to ask that you work to defeat the ill-conceived amendment proposed by Rep. Melissa Bean and any other measure that would strip the right of states to have stronger consumer protections than federal law.
Please do everything you can to make a strong Consumer Financial Protection Agency a reality, with the resources and independence it needs to make sure our economy provides long-term security for all of us, not just short-term profits for Wall Street
Thank you!
[Your name]