In June, the House passed the Financial Choice Act of 2017 (HR 10), which would repeal several consumer protections put in place in the wake of the global financial crisis.
Among these are the Volcker rule, which prohibits banks from making the same kinds of speculative investments that led to the 2008 housing crash; and key enforcement powers of the Consumer Financial Protection Bureau (CFPB), which ensures that credit card companies, lenders and other financial institutions treat their customers fairly and refrain from predatory lending practices.
Without these protections in place, we're right back where we started, and there's nothing to stop a repeat of the financial crisis from happening.
The Financial Choice Act slipped under the radar, due to our laser focus on healthcare, but it's bad. Real bad. We have a chance to stop it before it becomes law, however, if we can convince our Senators to vote against it.
WHO TO CALL:
Senators Kennedy and Cassidy
Senator Bill Cassidy - DC OFFICE: (202) 224-5824 and METAIRIE OFFICE: (504) 838-0130 (NOTE: If you can't get through to Metairie, try one of the other offices, such as Monroe: (318) 324-2111, Lake Charles: (337) 493-5398, or Alexandria: Phone: (318) 448-7176)
Reminders: Identify where you're calling from (town and zip code is fine) so they know you're an actual constituent. Be concise - the office will get through more calls that way. Be polite and don't argue with the staffer - they don't set policy. If you get a voicemail, then leave a message. And if you get a busy signal -- call back later!
Hi, my name is [Your Name] from New Orleans, zip code 70118 [or wherever you're from].
I'm calling today because I want to urge the Senator to vote no on The Financial Choice Act of 2017. We can't afford to lose the crucial consumer protections provided by the Dodd-Frank Act, such as the Volcker Rule or the enforcement powers of the CFPB. If the financial crisis taught us anything, it's that big banks must be kept in check to protect consumers from irresponsible lending practices and corporate greed.
Thank you for your time and your hard work answering the phones.
This call is courtesy of Metairie Indivisible.