MIDLAND, Mich. — Protesters swarmed a local congressman’s office Thursday carrying a big green check along with petitions.
After the James Comey hearing, the other big story out of Washington is the passing of the CHOICE Act.
With the help of a yes vote by Midland Congressman John Moolenaar, the legislation passed late Thursday afternoon in the House.
But not before some of Moolenaar’s constituents protested outside his Midland office.
The protesters are upset with the CHOICE Act, that would roll back regulations created after the 2007 financial crisis.
The House of Representatives voted yes, largely along party lines, with Republicans driving the legislation.
Members of the Women of Michigan Action Network, delivered petitions by voters who are against the CHOICE Act to Congressman Moolenaar’s office Thursday.
They claim he’s for it because he’s been given $200,000 from big banks and other Wall Street companies it would benefit.
Moolenaar didn’t respond to requests for a comment.
But a Northwood University professor, himself a former home lender, feels the home act will benefit consumers.
But opponents feel the CHOICE Act will strip the authority of the Consumer Financial Protection Bureau.
It would also make things easier for payday loan companies.
According to several news outlets, the bill will face a much tougher challenge in the Senate, where it would need Democratic support to pass.
Congressman Moolenaar released this statement on the passing of the Financial CHOICE Act:
“The Financial Choice Act benefits everyday Americans by reining in Washington bureaucrats and freeing up money to invest in hometown projects. Wall Street banks that benefited during the Obama Administration oppose today’s bill because they enjoy advantages the status quo provides them over Michigan community banks and credit unions.”