Statement by AFL-CIO President Richard Trumka in response to the passage of the “Economic Growth, Regulatory Relief, and Consumer Protection Act”:
If President Donald Trump is on the side of working people and not in the pockets of big banks, vetoing this dangerous banking bill is one way to prove it. Congress has given yet another gift to big banks and their lobbyists, but President Trump can stop it.
This harmful bill would roll back key protections for working people that were put in place after the Great Recession rocked our country, and it would undo some of the protections put in place to prevent another meltdown. This bill also would take us back to exposing homebuyers and students to predatory lending while weakening protections against racial discrimination in credit. But it’s not too late to stop it.
Supporters of this bill should remember that these banks robbed millions of Americans of their jobs, homes and life savings.
Contact: Carolyn Bobb, 202-637-5018 or [email protected]