Statements about Financial Regulation
The Export-Import Bank "doesn’t cost taxpayers anything."
"Obama Signs Bill Forgiving All Student Loan Debt."
"The average student loan debt in Texas is over $22,000...the cost of an average size pickup truck." But unlike car owners, "students are not allowed to refinance their loans at lower rates."
"Today, the five largest financial institutions are 38 percent bigger than they were back in 2008, when they were too big to fail."
"In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."
"Eighty percent of Wall Street executives and their spouses' donations go to Democrats."
Says that as a U.S. senator, Scott Brown "delivered for Wall Street, saving big banks $19 billion in taxes."
U.S. Rep. John Barrow, D-Ga., does not want to audit the Federal Reserve.
Payday lenders profit "from the poor by charging 1,000-plus" percent "interest."
"John Cornyn has voted to increase the debt, raise taxes, bail out Wall Street banks and fund Obamacare."
"One-third of all bank tellers (are) on public assistance."
Americans spend more than $160 billion and 6 billion hours per year complying with the tax code.
Says Mitch McConnell pushed "the Wall Street bailout through the U.S. Senate" and called it "the Senate at its finest."
"We need to pass a carbon tax to stop climate change. Break up the Wall Street banks. And stop the government spying on innocent Americans. Cory Booker doesn’t support any of these ideas."
Says the U.S. Postal Service has taken no taxpayer aid since 1971, funds operations entirely from the sale of stamps and related products and makes an "operational profit year after year."
A Republican housing finance reform bill "would eliminate a person’s ability to obtain 15- and 30-year mortgages."
The federal Consumer Financial Protection Bureau is "collecting financial information, monitoring financial information of millions of Americans" without their knowledge and "storing it for up to 10 years."
AIG has fully repaid the federal government "plus a profit of more than $22 billion."
Says Jim Renacci has "consistently voted" for loopholes that "encourage outsourcing of our jobs."
Says "Mitt Romney’s plan rolls back regulations" on banks.
How to contact us:
We want to hear your suggestions and comments. For tips or comments on our campaign promise database, please e-mail the Obameter. If you are commenting on a specific promise, please include the promise number. For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.
Browse the The Truth-O-MeterTM:
Browse The Obameter:
Keep up to date with Politifact National: