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Department of Consumer Affairs
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News from DCA - Press Release

FOR IMMEDIATE RELEASE
Friday, January 15, 2010

Kay Sarlin/Elizabeth Miller, (212) 487-4283


STATEMENT OF NYC DEPARTMENT OF CONSUMER AFFAIRS COMMISSIONER JONATHAN MINTZ ON REPORTS OF INTEREST IN DOWNGRADING THE PROPOSED CONSUMER FINANCIAL PROTECTION AGENCY TO A NON-INDEPENDENT MISSION



“As the current financial crisis has proven, when consumer protection in the financial services marketplace is not the primary mission of a government agency, consumers are not protected. America’s need for an independent Consumer Financial Protection Agency in which consumer protection is paramount is no less just because some in the Senate may have lost their zeal, as reported today.”