July 18, 2012

JOHNSON COMMENTS ON POLL SHOWING OVERWHELMING PUBLIC SUPPORT FOR WALL STREET REFORM

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement regarding a poll conducted by Lake Research Partners that shows overwhelming bipartisan support for the Dodd-Frank Wall Street Reform and Consumer Protection Act. Nearly two years after Wall Street Reform was signed into law, 68% of Americans support the Wall Street Reform. The poll also found that 74% of Americans, regardless of political party affiliation, support the Consumer Financial Protection Bureau (CFPB).

“While some in Washington may have forgotten about the price we paid for recklessness on Wall Street and inadequate financial regulations, this poll makes it clear the American people have not. This poll provides us more evidence that Americans continue to support strong, effective financial oversight laws and an independent consumer financial watchdog,” said Chairman Johnson.

“Today’s enforcement action announced by the CFPB and the OCC demonstrates that the creation of the CFPB, whose sole responsibility is to look out for American consumers, is producing results. The Consumer Bureau has also made great strides in realizing its mission of empowering consumers to make the best financial decisions for themselves and their families and it has not gone unnoticed by the American people. ”

The nationwide bipartisan poll of 803 likely voters was sponsored by the AARP, Americans for Financial Reform, the Center for Responsible Lending, and the National Council of La Raza.

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