New Poll Demonstrates Broad Support for Financial Reform

July 19, 2011
Sacramento Bee 
consumer financial protection bureau news

Regardless of political party affiliation, the vast majority of Americans support strong, reasonable oversight of the financial services industry -- including an independent Consumer Financial Protection Bureau with teeth -- finds a new poll. By a margin of 3-1, Americans want financial companies held accountable and financial reforms to take effect as soon as possible. And they want the CFPB to be up and operating as planned, not watered down by industry's current attempts to weaken its funding and setup. The poll -- carried out by Lake Research Partners and sponsored by AARP, the Center for Responsible Lending, and Americans for Financial Reform -- found that voters across party lines solidly favor the Wall Street reform law; favor a single U.S. agency with the sole mission of safeguarding the public from unscrupulous financial practices and predatory products; and believe safeguards will help restore the economy and not hinder it, as some on Wall Street claim. CRL President Mike Calhoun said, "Everyday Americans know what's good for their pocketbooks, their families, and our economy -- that's why a large, bipartisan majority is calling for financial reforms to take effect. Let's hope policymakers hear them loud and clear."
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