Wall Street reform would benefit everyday American families in several key ways: 1) It forces credit card and mortgage companies to be transparent and eliminate hidden fees; 2) It ensures families and small businesses get clear information to make good financial decisions; 3) It cracks down on predatory lenders looking to mislead people into debt; 4) It establishes an agency to strongly enforce consumer protections; and 5) It prevents another taxpayer bailout of banks that are "too big to fail".

1. T H E B E N E F I T S O F WA L L ST R E ET R E F O R M
Our economic growth and prosperity depend on a strong, robust
financial sector, but we’ve seen what happens when there’s inadequate
oversight and insufficient transparency on Wall Street. We can’t build a
strong economy in America in the long run without ending this status
quo and laying a new foundation for growth and prosperity.
Wall Street reform doesn’t just help create a more stable economy; it
would actually improve the lives of everyday American families. Here
are five benefits that everyone should know:
1 Reform forces credit card and mortgage companies to play by
the rules. No more hidden fees or pages of fine print.
2 Families who are hoping to buy a home or pay for college are
put on a level playing field with lenders. Reform ensures they’ll
get the information they need presented clearly and concisely,
so they can make good decisions. The same goes for small
businesses and community banks that play fair and deserve to
see their businesses grow.
3 The legislation cracks down on predatory lenders looking to
mislead people into taking on irresponsible debt.
4 Wall Street reform establishes an independent agency—the
Consumer Financial Protection Agency—with one job: to protect
consumers and enforce the new consumer financial protections,
which would be the strongest ever enacted.
5 Finally, American taxpayers will never again be asked to bail out
the big banks that are “too big to fail.” Let’s be absolutely clear
about this, no matter what our opponents in Congress say.
my.BarackObama.com/WallStreetReform