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January 16, 2025

Fact Sheet: Honoring Martin Luther King’s Vision of Equality By Financial Regulators Advancing Economic Justice

WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with the release of Better Markets’ new Fact Sheet, “Honoring Martin Luther’s King Vision of Equality by Financial Regulators Advancing Economic Justice.”

“As we commemorate Dr. Martin Luther King Jr.’s legacy on the same day as President Trump’s inauguration, we are reminded of the enduring relevance of Dr. King’s vision of economic justice. His call for equitable access to economic opportunities is closely tied to the work of U.S. financial regulatory agencies, which play crucial roles in the economy and financial system.

“These agencies—including the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Commodity Futures Trading Commission, and Consumer Financial Protection Bureau—are on the front lines of ensuring the financial system operates fairly and transparently for all Americans. Their responsibilities include upholding market integrity, combating fraud, empowering communities through fair credit and financial education, and promoting sustainability and justice.

“President Trump’s election victory, driven by support from a diverse working-class coalition, underscores the urgent need to address economic inequality in America. The leaders he appoints to these financial regulatory agencies bear a significant responsibility to respond to the frustrations and needs of millions of Americans. Their focus must be on fostering fairness, transparency, and accountability in the financial system.”

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