Contact LaMalfa to OPPOSE H.R. 10

Contact LaMalfa to OPPOSE H.R. 10, the "FinancialCHOICE Act", which would deregulate Wall Street. Tell him H.R. 10 would make it easier for banks and lenders to rip people off, and would increase the risk of another financial crisis. Indivisible has a call script for opposing H.R. 10.

The Dodd-Frank Act is a financial reform law passed in 2010 as a response to the Great Recession triggered by the 2008 financial crisis. It includes regulations intended to prevent “too-big-to-fail” banks from causing another economic crisis, such as the Volcker rule, which prohibits banks from making the kinds of speculative investments that led to the housing market crash in 2008. The Volcker rule also limits banks in their relationships with hedge funds and private equity funds. Dodd-Frank also created the Consumer Financial Protection Bureau (CFPB), which ensures that banks, lenders, credit card corporations, and other financial companies treat their customers fairly and protect consumers from practices like predatory payday lending. H.R. 10 would repeal the Volcker rule and strip the CFPB of key enforcement powers, including the ability to fine institutions for unfair lending practices.

Contact Representative LaMalfa (term ends January 2019):
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Nevada City, CA