Statement by AFL-CIO President Richard Trumka on the seventh anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act:
The politicians attacking the Dodd-Frank Act didn’t have their lives ripped apart the way too many working people did during the Great Recession that Wall Street caused. If they had, they wouldn’t threaten to roll back common-sense financial reforms that ensure working people are not the victims of another financial crisis.
Attempts to take away consumer protections by gutting the Consumer Financial Protection Bureau — which has returned $12 billion to consumers who were scammed — are a disgrace. Congress should be working on ways to strengthen financial regulations so greedy Wall Street bankers and hedge funds are not allowed to continue to gamble with the lives of working people.
Contact: Gonzalo Salvador (202) 637-5018