Victory in the House! H.R. 4173 Passes 223-202

We did it!  All our hard work petitioning our Representatives paid off, and this afternoon the House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009 by a vote of 223-202.  To see how your Representative voted, click here.

Americans for Fairness in Lending, along with many other national groups and coalitions, have been fighting for the creation of a Consumer Financial Protection Agency for months, as you can see from our blog.  It’s been a long road and the legislation has gone through many different stages and overcome several daunting challenges.  Even today, damaging amendments that would have made reform impossible were defeated, leaving us with a bill we can all be proud of.  Click here for the initial report on the victory from the New York Times.

Today, we’re one step closer to establishing a fair lending system for all.  Now, on to the Senate!

Our friends at Public Citizen have put together this one-page summary of the final bill, including an analysis of each topic covered by the final legislation, here (PDF).

(Photo:  RobShenk)