Call Congress Now
Instead of a new government agency that will restrict access to credit for small businesses and consumers, the Minnick Amendment creates a council of existing regulators that will coordinate and strengthen efforts to protect consumers and ultimately economic recovery. Call your Congressman now and tell him or her to support the Minnick Amendment.
National Sign-on Letter opposing H.R. 3126, the “Consumer Financial Protection Agency Act”
(1 Dec 2009) U.S. Chamber – “While we agree that the financial crisis exposed failures in consumer protection regulation that need to be addressed, we are concerned this bill would do far more harm than good – for consumers, for the business community, and for the overall economy.
Joint Trade Letter on H.R. 3126, the “Consumer Financial Protection Agency (CFPA) Act”
(18 Sep 2009) U.S. Chamber — The undersigned organizations agree that reform is necessary and firmly support sound consumer protection. Ensuring that regulators have the tools to weed out fraudulent and predatory actors and that consumers receive clear and concise disclosures about financial products is essential. However, we believe H.R. 3126 is not the correct approach because it will have severe unintended consequences for consumers and the economy.
