The Leadership Conference and AFR Respond to Anti-Consumer Executive Order

Categories: Press Releases

For Immediate Release
Contact: Shin Inouye, 202.869.0398, inouye@civilrights.org

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.”