Veteran Congresswomen Marcy Kaptur and Maxine Waters sponsor bill that will shut down banks that abuse customers, a bill called the Megabanks and Accountability Consequences Act.... Waters, who is Black, has been an outspoken critic of President Donald Trump, whom she says is racist, and needs to be impeached....Waters spoke in Cleveland this year against Trump, an event in which she was introduced by Cleveland activist and journalist Kathy Wray Coleman of Imperialwomencoalition.com....Rep. Kaptur, whose congressional district includes parts of Cleveland, is the longest serving woman in congress and Rep. Waters, of California, is the longest serving Black woman in congress....By editor Kathy Wray Coleman of Clevelandurbannews.com and Kathywraycolemanonlinenewsblog.com, Ohio's most read Black digital newspaper and Black blog with some 5 million views on Google Plus alone.Tel: (216) 659-0473 and Email: editor@clevelandurbannews.com
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| Ohio 9th Congressional District Congresswoman Marcy Kaptur (left) and California 43rd Congressional District Congresswoman Maxine Waters. Kaptur is the longest serving woman in congress and Waters is the longest serving Black woman in congress. The Democratic duo introduced a bill in congress on Wednesday that would give federal regulating agencies the authority to shut down banks that cheat and abuse customers |
CLEVELANDURBANNEWS.COM- WASHINGTON, D.C. - Congresswoman Marcy Kaptur,
a Toledo Democrat whose 9th congressional district extends to Cleveland, on Wednesday, joined ranking member of the Financial Services Committee, Congresswoman Maxine Waters, a California Democrat, to introduce the Megabanks Accountability and Consequences Act. READ A DETAILED SUMMARY OF THE BILL BY CLICKING HERE
The bill empowers the federal banking oversight bodies to wind down megabanks that have engaged in repeated violations of the law and harmed consumers.
"The American people have been asking congress to step up and rein in abusive megabanks that thwart our laws in order to make a quick profit on the backs of the American people," said Kaptur in a press release to Clevelandurbannews.com and Kathywraycolemanonlinenewsblog.com, Ohio's most read Black digital newspaper and Black blog. "I am proud to join ranking member Waters and stand up for ordinary people who are fed up with the abuses of these big banks who were complicit in the 2008 economic crisis that ravaged our economy."
The longest serving woman in congress and a House of Representatives member since 1983, Kaptur said the bill has real teeth, including federal banking oversight parameters, and the ability to "shut down banks that engage in illegal abuse."
It would also subject officers of scandal-ridden big banks and mortage companies like Wells Fargo, JPMorgan Chase Bank and Bank of America to civil and criminal penalities.
It would also subject officers of scandal-ridden big banks and mortage companies like Wells Fargo, JPMorgan Chase Bank and Bank of America to civil and criminal penalities.
In order to become law the bill must pass both chambers of congress and, absent a successful veto, secure the signature of President Trump, a corporate-leaning Republican who edged Democratic nominee Hillary Clinton to win the presidency last November.
Waters, who is the longest serving Black woman in congress, has been an outspoken critic of President Donald Trump, whom she says is racist, and needs to be impeached. The federal legislator out of Los Angeles spoke to a packed audience of Black leaders and elected officials and community activists in May at G-Lancer on the 21 on the east side of Cleveland and urged them to take to the streets relative to Trump's policies, an event where she was introduced by Cleveland activist and journalist Kathy Wray Coleman, who edits Clevelandurbannews.com and
Kathywraycolemanonlinenewsblog.com, Ohio's most read Black digital newspaper and Black blog with some 5 million views on Google Plus alone. CLICK HERE TO READ THE FULL ARTICLE ON THE VISIT TO CLEVELAND BY CONGRESSWOMAN WATERS AT KATHYWRAYCOLEMANONLINENEWSBLOG.COM
Clevelandurbannews.com and Kathywraycolemanonlinenewsblog.com, Ohio's most read Black digital newspaper and Black blog with some 5 million views on Google Plus alone.Tel: (216) 659-0473 and Email: editor@clevelandurbannews.com. Kathy Wray Coleman, editor-in-chief, and who trained for 17 years at the Call and Post Newspaper in Cleveland, Ohio. We interviewed former president Barack Obama one-on-one when he was campaigning for president. As to the Obama interview, CLICK HERE TO READ THE ENTIRE ARTICLE AT CLEVELAND URBAN NEWS.COM, OHIO'S LEADER IN BLACK DIGITAL NEWS.
