Attorney General Tom Miller drums up support for financial reform - KWWL - Eastern Iowa Breaking News, Weather, Closings

Attorney General Tom Miller drums up support for financial reform

Posted:

IOWA CITY (KWWL) - Iowa Attorney General Tom Miller was in Iowa City on Tuesday, to drum up support for the new financial reform bill.

Miller says the legislation will protect Iowans against bad lending practices, and put bigger checks and balances on Wall Street and big banks.

The bill has passed the House, and is now before the Senate.

"Some of the excessive fees and bad practices will be eliminated," said Miller, in a media conference at the Iowa City Public Library. "If [people] engage in or go to payday lending, they'll get some protection there. It goes right through the heart of people's transactions, each and every person, and treats them much more fair."

Miller says the bill will need support from both sides of the aisle to pass. He's urged Iowa senator Chuck Grassley to vote in favor of it.

Online Reporter - Brady Smith

Powered by Frankly