Waters: ‘Dodd-Frank Is the Best Thing that Ever Happened to Consumers’

Waters: ‘Dodd-Frank Is the Best Thing That Ever Happened to Consumers’ (The Washington Free Beacon)

Democratic Rep. Maxine Waters (D., Calif.) said Tuesday that Republicans have advanced a faulty argument about the government over-regulating the economy.

Waters took aim at Republicans' use of the Congressional Review Act, or CRA, to deregulate financial transactions at a press conference with House Minority Leader Nancy Pelosi (D., Calif.) and Sen. Elizabeth Warren (D., Mass.). She dismissed concerns that regulations hurt community banks, specifically touting the Dodd-Frank Act's benefits for consumers.

"Dodd-Frank is the best thing that ever happened to consumers," Waters said.