Statement of FTC Chairman Jon Leibowitz On Passage of H.R. 3126, the Consumer Financial Protection Act of 2009 by the House Energy and Commerce Committee

“Americans are still experiencing a period of extreme financial distress, and the modest new authority given to our agency will help ensure that we have the tools necessary to fight fraud and go after those who perpetrate it. We commend the House Energy and Commerce Committee, and especially Chairman Waxman, for their visionary work on behalf of consumers.”