Rep. Melvin Watt

DETAILS: Rep. Melvin Watt
(1945 - )
    • NC - 12 House
      (1993- 2014)
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    Rep. Watt is FOR
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    ISSUES: Rep. Melvin Watt

    FOR

    Bank Regulation

    Big Banks are seen a lot like big businesses. After various issues in recent decades, it is contested exactly how much control governments should have over them.

    DETAILS:

    AGAINST Republicans

    The regulations established by the CFPD are mostly seen as hindering the business of banking in general. The GOP focuses on regulations that protect and regulate consumer support, but otherwise prefer to return power back to the institutions. source

    FOR Democrats

    Oppose such large concentrations of financial power in the hands of a few banks, especially after incidents like Wells Fargo and the financial crisis of 2008. Dems support strengthening the CFPD, and there is a push to allow post offices to provide financial services. source


    FOR

    Bank Regulation

    Big Banks are seen a lot like big businesses. After various issues in recent decades, it is contested exactly how much control governments should have over them.

    DETAILS:

    AGAINST Republicans

    The regulations established by the CFPD are mostly seen as hindering the business of banking in general. The GOP focuses on regulations that protect and regulate consumer support, but otherwise prefer to return power back to the institutions. source

    FOR Democrats

    Oppose such large concentrations of financial power in the hands of a few banks, especially after incidents like Wells Fargo and the financial crisis of 2008. Dems support strengthening the CFPD, and there is a push to allow post offices to provide financial services. source


    DONORS/LOBBYISTS:
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      • Amount
    Based on the July 2019 report , next report due January 2020