Consumer, community, civil rights and legal services organizations write to President-elect Obama regarding urgently needed consumer protections
Dear President-Elect Obama,
We, the undersigned leaders of the nation’s foremost consumer, community, civil rights and legal services organizations, write to you to state our urgent concerns regarding the need to guarantee consumer and marketplace protections as a fundamental principle guiding both your nominee selections and policy proposals for agencies that deal with housing and credit policy. Collectively, our organizations represent tens of millions of consumers throughout the United States.
First, we were very pleased that you made fighting mortgage fraud and protecting consumers against abusive practices a priority in the economic plan of your presidential campaign. Second, we look forward to working with your transition team and administration on implementing a final plan based on this proposal, which includes many of the important consumer protection issues on which we have been working for years. Read the full Press Release (PDF).