She issued the following statement.

"In the dead of the night, while most of America was sleeping, a deal was reached on financial modernization.  We are here today to shed light on that deal and tell the American people that this deal is not fair, that it undermines the Community Reinvestment Act, and that it sacrifices consumer privacy for the sake of corporate interests.

"This is what the financial institutions get.  They get to form huge corporations that can afford to ignore families and small businesses down the street.  They get access to their customers' most private, personal, medical and financial information, which they can use for any purpose without permission. They get a weaker Community Reinvestment Act, which could result in a real decline in loans to minorities, small businesses, and communities in need.

"What do consumers get?  Not much.

"The interests of consumers should be up front and center when we talk about financial modernization.  In this conference report, their interests are no where to be found.  This conference report is a bad deal for consumers and communities.  I'm going to say no and I am going to urge my colleagues to say no."