Bankruptcy Quote by Katie Porter
“I became a professor myself, teaching bankruptcy and consumer protection. I conducted a national study of mortgage companies in bankruptcy. And what I found was that big banks routinely broke the law.”
About This Quote
Source Congressional Hearing, Financial Services Committee, 2020
Big banks frequently break laws, harming consumers.
In simple terms: Big banks break laws often.
Hold banks accountable for consumer protection.
Themes
Mood
Type
When to use this quote
- policy advocacy
- consumer education
- legislative reform
- media investigations
Key Concepts
Questions to Reflect On
- What reforms can curb bank misconduct?
- How can consumers protect themselves?
Legal challenges can be complex and slow.