Poll Demonstrates Broad Support for Financial Reform

New Poll Demonstrates Broad Support for Financial Reform

77% of Americans want Tougher Rules for Wall Street

According to a poll released yesterday, an overwhelming majority of Americans favor strong, sensible oversight of the financial services industry, including a strong and independent Consumer Financial Protection Bureau.

By a 3 to 1 margin Americans want financial firms held accountable and financial reforms to take effect as soon as possible. And they want the CFPB — created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 –to be up and running as planned, not diluted by industry’s current attempts to weaken its funding and structure.

The poll, conducted by Lake Research Partners, and sponsored by AARP, the Center for Responsible Lending and Americans for Financial Reform, found the following:

• After hearing arguments in support of and in opposition to financial reforms, voters across party lines solidly support the Wall Street reform law.
• Voters favor a single federal agency with the sole mission of safeguarding the public from deceptive financial practices and predatory products.
• Voters believe safeguards will help restore the economy and not, as some on Wall Street say, stand in its way.

View a PowerPoint presentation with complete poll results.

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