Total moved out of big banks $2104164

ANWF SAN FRAN Puts the CFPA in front of Sen. Boxer

ANWF San Francisco met with Senator Boxer's aide yesterday to talk about the Financial Protection Agency. They are really doing an amazing job representing the public's interest on this issue. Here's their report from the meeting:

"Yesterday, Frank, Marc, Mike, and I met with Megan Miller, a legislative aide to Senator Boxer, about financial industry (FI) reform and in particular asking Boxer to support, strengthen, and co-sponsor S.566 “Financial Product Safety Commission,” which is the Senate version of Barney Frank's HR.3126 "Consumer Financial Protection Agency" bill.

We thought that the meeting went well. Megan wasn't sure what Boxer's position on S.566 was, but that in general Boxer did support new FI regulation. She asked us to put our talking points into a letter that she would give to the Senator.

Megan told us that the only other constituent group that has contacted Boxer's San Francisco office regarding FI reform was an organization of mortgage brokers who, obviously, had opinions somewhat different from ours. We took that to indicate that other than hired FI lobbyists, members of Congress are not hearing very much about FI reform. Given that significant sectors of government and the economy /are /in favor of at least some FI reform (e.g. the Attorneys General of a number of states), it may well be that citizen lobbying on this issue might have a positive effective on the outcome.

Megan suggested that our national organization send letters to all Senators on these issues, a suggestion that we think is a good idea."

The site is ready for sending those letters now. Thoughts?

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New laws should be put in place that end government support for companies becoming “too big to fail” and instead support jobs.