February, 03 2017, 11:30am EDT
For Immediate Release
Contact:
Email:,press@civilrights.org,Phone: (202) 869-0398
The Leadership Conference and AFR Respond to Anti-Consumer Executive Order
The Leadership Conference on Civil and Human Rights and Americans for Financial Reform issued the following response to President Trump's executive order calling for a massive rollback of consumer protection and banking regulation laws:
Wade Henderson, president and CEO of The Leadership Conference on Civil and Human Rights
WASHINGTON
The Leadership Conference on Civil and Human Rights and Americans for Financial Reform issued the following response to President Trump's executive order calling for a massive rollback of consumer protection and banking regulation laws:
Wade Henderson, president and CEO of The Leadership Conference on Civil and Human Rights
"Making the financial system more fair and transparent is essential to providing low-income and minority communities with more economic stability. Over the past decade, our country has learned hard lessons about what happens when the game is rigged and regulators turn their backs to reckless subprime mortgages, payday loan debt traps, and shady bank account fees. President Trump seems bent on forgetting those lessons and on betraying the people he professed to represent when he talked about a 'rigged' system."
Lisa Donner, executive director of Americans for Financial Reform
"Wall Street titan Goldman Sachs seems to be taking over financial regulation in the United States, trying to make it easier for them and other big banks like Wells Fargo to steal from their customers and destabilize the economy. That is a betrayal of the promises Trump made to stand up to Wall Street .If they succeed it will have painful consequences."
The Leadership Conference on Civil and Human Rights is a coalition charged by its diverse membership of more than 200 national organizations to promote and protect the civil and human rights of all persons in the United States. Through advocacy and outreach to targeted constituencies, The Leadership Conference works toward the goal of a more open and just society - an America as good as its ideals.
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