Schumer Statement on President Trump’s Executive Orders to Undermine Consumer & Financial Protections

Washington, D.C. – U.S. Senator Charles E. Schumer released the following statement about President Trump’s executive orders to undermine consumer and financial protections:  

“President Trump promised to stand up to the big banks, now he’s letting them write the rules of the road. He promised to stand up for the forgotten man and woman, now he’s leaving them out to dry. If there was any doubt that President Trump had absolutely no intention to follow through on his campaign promises to working families across the country, this executive order should erase that doubt. It seems President Trump’s campaign promises to rein in Wall Street weren’t worth the bank notes they were printed on.

“Since its passage, Wall Street reform has protected crises and protected consumers, all while the stock market flourished and rose to unprecedented heights. Wall Street reform worked, plain and simple. The President’s attempts to repeal Wall Street reform will be met with a Democratic firewall in Congress. We will do everything in our power not let it be repealed, no ifs ands or buts.”