Release No. 0507.09
Contact:
Caleb Weaver (202) 720-4623
Bobby Gravitz (202) 253-4607
AGRICULTURE SECRETARY VILSACK JOINS IOWA ATTORNEY GENERAL MILLER TO SUPPORT CREATION OF U.S. CONSUMER FINANCIAL PROTECTION AGENCY
DES MOINES, Oct. 13, 2009 - Agriculture Secretary Tom Vilsack today joined Iowa Attorney General Tom Miller at an event to offer support for the creation of a U.S. Consumer Financial Protection Agency. Vilsack said:
"In the final three months of 2008, American families lost $5.1 trillion in wealth and today, they are still paying the price for weak regulation and financial instability. The Consumer Financial Protection Agency will ensure that future mistakes by a few do not cause harm to so many. We owe it to the American people to ensure consumer protection regulations are written fairly and enforced vigorously and I am pleased to see Congress making progress on critical legislation to provide economic stability for American families and for the economy as a whole."
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