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Issue Position: Consumer Protection/Wall Street Reform

Issue Position

By:
Location: Unknown

Eric has always fought for equal justice to ensure that there is not one set of rules for the powerful and another for everyone else.

Wall Street corruption, abusive lending, debt collection scams, mortgage fraud and insurance industry abuses are ripping off New Yorkers and devastating communities in every corner of our state. As a legislator, Eric has worked to pass a host of consumer protection and anti-fraud laws; as Attorney General, he will enforce them.

Eric led a long and tough fight to pass the False Claims Act, a law that makes it a civil crime to defraud the government, and subjects fraudsters to steep penalties. More importantly, it rewards whistleblowers for acting on behalf of taxpayers to recover money stolen from the government. Under this law, Attorney General Cuomo has recovered millions of dollars in Medicaid fraud.

As Attorney General, Eric will fight for industry-wide, statewide and nationwide reforms to ensure investors get a fair shake and Wall Street bankers are held accountable for wrongdoing. Eric will establish a first-in-the-nation general securities fraud whistleblower program to ensure there are no more Madoffs; he will focus on high-tech scams that have swindled local government pension funds; and he will investigate abuses by Wall Street firms using the "credit crunch" to take advantage of small businesses and consumers.


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