SUBMITTED BY CoPIRG
Colorado Public Interest Research Group organizers are going door to door across Colorado, building support to protect the Consumer Financial Protection Bureau.
A team of organizers will be organizing in Greenwood Village during July. They plan to knock on 1,600 doors in Greenwood Village, have 600 conversations and collect 200 petitions from citizens.
“We’re working to make sure that Coloradans are protected from shady Wall Street practices,” said Danny, Colorado PIRG campaign director.
Eight years ago, reckless behavior on Wall Street cost millions of Americans their college savings, retirement accounts and even their homes. After that crisis, the Consumer Financial Protection Bureau was established. Its sole job is to make sure big banks and financial companies don’t take advantage of average consumers. The Trump administration and some leaders in Congress are working to weaken this agency or even eliminate it.
The Financial Choice Act, which was voted on in the House of Representatives the first week of June, would have a devastating effect on the capacity of regulators to protect the public interest and defend consumers and investors from future Wall Street wrongdoing and the economy from financial risks created by too-big-to-fail financial institutions. It sends the wrong signal to the financial sector that unfettered risk taking—much of it with other people’s money—is in vogue again.
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