Agriculture Secretary Vilsack Joins Iowa Attorney General Miller to Support Creation of U.S. Consumer Financial Protection Agency

DES MOINES.– Agriculture Secretary Tom Vilsack today joined Iowa Attorney General Tom Miller at an event to offer support for the creation of a U.S. Consumer Financial Protection Agency. Vilsack said:

"In the final three months of 2008, American families lost $5.1 trillion in wealth and today, they are still paying the price for weak regulation and financial instability. The Consumer Financial Protection Agency will ensure that future mistakes by a few do not cause harm to so many. We owe it to the American people to ensure consumer protection regulations are written fairly and enforced vigorously and I am pleased to see Congress making progress on critical legislation to provide economic stability for American families and for the economy as a whole"