There are those who argue that over-regulation is weakening the economy and stifling opportunity. And there certainly are examples of laws that go too far, regulations we could do without, and rules that are downright ridiculous. Maybe you’ve heard about the case of the little girl needing a $3,500 permit to operate a lemonade stand?
But right now in the name of regulatory reform, Wall Street, big banks and their allies in Congress are working to strip away vital consumer protections we rely on every day. Protections that keep Wall Street in check, and keep our retirement savings and college accounts safe. Protections that ensure financial services are offered at a fair price and with the consumers' best interests in mind. Laws that help ensure our personal financial data is accurate and kept secure. Even rules that ensure airline passengers have basic rights when they travel.