Dodd Moving Forward on Financial Reform

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We support reforms to the financial marketplace that protect consumers from unscrupulous banks and lenders.

By Consumers Union on Friday, February 5th, 2010

From Americans for Financial Reform

WASHINGTON – Today, Senate Banking Committee Chairman Chris Dodd (D-CT) issued the following statement on the status of Financial Reform in the Senate.

“Last night, Senator Shelby assured me that he is still committed to finding a consensus on Financial Reform, but for now we have reached an impasse.”

“While I still hope that we will ultimately have a consensus package, it is time to move the process forward.”

“I have instructed my staff to begin drafting legislation to present to the committee later this month.”

“I appreciate the good work that has been done to this point by Senator Shelby and the other Banking Committee members who have worked so hard in this process. Over the past two months we have had productive bi-partisan negotiations in a number of areas and I intend to incorporate many of those agreements in this new proposal.”

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