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

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	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.”