To: The United States Senate
Don't Risk Another Financial Crisis
A new bill by Senator Mike Crapo slashes regulations on 30 out of 40 of the biggest banks, banks that took billions in bailouts after the last crisis. Tell your Senators: reject S. 2155!
Why is this important?
S. 2155, which is moving quickly in the Senate, takes aim at Dodd-Frank protections for consumers, and guts regulators' ability to monitor big banks in order to prevent another financial meltdown.
S. 2155 also puts consumers at greater risk of predatory lending and weakens other important safeguards passed since the last crisis. It would cut risk management requirements for 25 of the biggest banks in the country -- banks that took tens of billions in bailout funds during the 2008 financial meltdown, including banks like Suntrust and BB&T.
The banking industry is showing record levels of revenues and profits. Congress should be focused on addressing real problems that ordinary Americans have with medical debt, student debt, and data security, not boosting bank profits further.