Veterans Groups Urge Veto of Anti-Consumer Legislation

Last week, Senators Alexander and Corker voted in favor of legislation overturning a key consumer protection governing financial transactions. If signed into law, this will mean companies like Equifax and Wells Fargo can harm and defraud consumers with little recourse.

Today, the United Veterans Council added its voice to a number of Veterans Groups calling for a veto of this harmful bill. Here’s the press release:

The Union Veterans Council is urging President Donald Trump to veto S.J. Res. 47, and to stand with the American Legion, the Military Coalition, and an additional 29 Veteran Services Organizations, including the National Guard Association of the United States, Vietnam Veterans of America, and the National Military Family Association.

“We stand with all these veterans services organizations in opposing this bill that will only hurt our nation’s  veterans who have fought and served to defend the constitution and the rights that it provides the people of America,” said Executive Director William Attig. “We ask our Commander in Chief  to side with the military community and not big banks and corporate lobbyists.”

The bill, J.RES.47, was passed by the Senate with a split vote of 51-50. Veteran advocacy organizations have argued that if President Donald Trump signs it into law, veterans and servicemembers could face the loss of financial protections and the right to defend themselves in the court of law.

Another concern is that the pending CRA resolution blocking the CFPB’s important new rule on arbitration strips constitutional rights from the very people that put their lives one the line to protect them.

“President Trump has two options: either side with the big banks and corporate lobbyist or support the service men and women that have sacrificed for this nation,” said Attig. “The entire military community will be watching The President’s decision. I hope he makes the right one.”

Tennessee Citizen Action was among the consumer advocacy groups from around the country urging a NO vote on this bill. While we are disappointed Senators Alexander and Corker turned their backs on Tennessee consumers, we are now urging the President to heed the concerns of these Veterans Groups and veto this bill.

For more on our consumer protection work, follow @TNCitizenAction


 

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