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Nine years ago today, I ran out of the Senate – where I was a witness testifying about the TARP Wall St bailout – and raced to the @WhiteHouse. With seconds to spare, I got to see President @BarackObama sign Dodd-Frank, the Wall Street reform bill that gave us the @CFPB. 
Exactly 8 years ago, we opened the doors at the @CFPB. Eight years since we built an agency to get the tricks & traps out of the fine print of credit cards, mortgages, & other financial products. And in 8 years, it’s returned billions of dollars to people who have been cheated.
The big banks have fought financial reform – especially the @CFPB – every step of the way. So from my first Senate banking committee hearing in 2013, I’ve pushed our banking regulators to hold Wall St accountable for cheating people & breaking our economy.
In 2013, I asked why a kid caught with an ounce of drugs will go to jail, but a bank exec that launders a billion dollars in drug money pays a fine and gets to go home to sleep in their own bed at night.
In 2016, I called on @WellsFargo CEO John Stumpf to resign after his bank opened millions of fake accounts in their customers’ names. (He did.)
And when @WellsFargo then named Tim Sloan CEO – a 30-year Wells Fargo executive who got rich off the fake accounts scandal & helped cover it up – I called for his removal too. (He was.)
I’m the author & lead sponsor of the 21st Century Glass-Steagall Act, legislation to separate boring commercial banking (checking & savings accounts) from risky investment banking, to make our financial system safer & prevent another Wall St bailout.
I’ve introduced the Ending Too Big to Jail Act to hold Wall Street executives criminally accountable for their banks’ fraud & illegal activity. When Wall Street CEOs break the law, they should go to jail like anyone else.
After @Equifax compromised the personal data of at least 145 million Americans, I fought to hold them accountable & introduced the Data Breach Prevention and Compensation Act to impose massive, mandatory fines when credit reporting agencies expose people’s personal data.
My bill to #EndCorruptionNow – the most ambitious anti-corruption legislation since Watergate – would help lock the revolving door between Wall Street and Washington to make our government work for the people.
And my new #StopWallStreetLooting Act that I introduced this past week would fundamentally change the private equity industry to prevent Wall Street from destroying companies like Toys “R” Us, Sears, & Shopko.
I'll just be blunt: The @realDonaldTrump administration is fighting to kill the rules on Wall Street & gut the @CFPB at any chance they can. The cops on the beat are only looking out for the crooks who are cheating American consumers.
But I learned something in that fight for Dodd-Frank nine years ago today: You don’t get what you don’t fight for. I’m honored to have the opportunity to use every tool in the toolbox to hold Wall Street accountable & make our government work for the people.
