Today, after raking in our tax dollars in bailout money, the big banks are back to business as usual, spending hundreds of millions to pay lobbyists and advertising agencies to fight against reforms that would protect us from their abuses in the future.

Some of the myths and fear tactics being promoted by their ad agencies, and the facts:

MYTH: The CFPA will cost jobs.

FACT: This from the same people who have just cost us more jobs and created the worst economic mess since the Great Depression.

Financial reform will stop Wall Street abuses, protect jobs and lead to a stronger, more stable economy that creates new jobs.

MYTH: The CFPA creates more regulation and bureaucracy.

FACT: America's financial system had been governed by regulations for decades, until the 1980s, when those regulations were weakened. This allowed Wall Street and the big banks to rig the rules to benefit themselves, not ordinary Americans.

The recent financial crisis was a direct result.

The CFPA puts back limits on the reckless Wall Street behavior to prevent future financial crises, and reins in pay for CEOs and executives whose companies receive government assistance. It protects consumers by cracking down on the abuses and deceptive practices of credit card companies and predatory lenders.

MYTH: The CFPA will hurt small businesses.

FACT: The recent financial crisis significantly reduced small businesses access to credit, forcing many to close and many more to lay-off workers. This was created by unethical business practices, not by regulation.

The CFPA will create a more stable and dependable flow of credit for small business, allowing them to expand and create jobs.

MYTH: The CFPA will hurt community banks.

FACT: The CFPA will close the loopholes that big banks have exploited, strengthen protections for community banks and establish the level playing field that they deserve.

MYTH: If you are losing sleep over the economy, financial reform is going to make you even more anxious.

FACT: Financial reform will rein in the greedy and reckless behavior of big banks by cracking down on abuses and deceptive practices of credit card companies. It will set a limit on pay for CEOs and executives whose companies receive government assistance.

It will require big banks to keep a certain percentage of their profits in reserve to prevent them from failing and needing a bailout to survive, strengthen fraud protection and close the loopholes that have allowed big banks to operate without any oversight over their risky deals.

It will protect consumers from intentionally deceptive products and confusing contracts.

Who exactly is losing sleep over financial reform? Not consumers or small businesses.