Congresswoman Dina Titus of Nevada's Third District released the following statement today after President Obama signed sweeping Wall Street reform legislation into law.
"With the President's signature, we have upheld our commitment to the American people to put an end to the unbridled greed and lack of oversight that led to our nation's financial crisis. From record unemployment to record foreclosures, Nevadans have paid a high price for the recklessness of Wall Street. The reforms we passed will help put an end to taxpayer funded bailouts once and for all and prevent the predatory lending practices that deepened the foreclosure crisis in Nevada. Thanks to enhanced and unprecedented consumer protections, Nevadans will be empowered to make the best decisions for their financial future. A provision I fought to include will protect seniors from unfair and deceptive practices surrounding reverse mortgages, ensuring that in their golden years they do not lose their home and equity they built up through a lifetime of work."