Published: February 2017

Hands off the CFPB!

Advocates penned a very clear response to Delaware’s Senator Tom Carper’s stated interest in exploring changes to Consumer Financial Protection Bureau’s (CFPB) structure: “Back off!” The CFPB has been wildly successful at protecting American consumers and weakening the agency’s oversight would be a grave mistake. The only reason to do so would be to favor the banking and financial industries that jeopardized the world economy and devastated American families less than a decade ago.

Consumer Action joined 103 advocates in telling Congress to “back off!” when it comes to weakening the powers of the Consumer Financial Protection Bureau (CFPB). Since the CFPB opened its doors nearly five-and-a-half years ago, it has recovered over $12 billion for 29 million Americans. Who will protect consumers from financial giants once the agency is weakened or dismantled? We can’t afford to find out.

 

Lead Organization

American's for Financial Reform (AFR)

Other Organizations

AFL-CIO | American Association for Justice | American Family Voices | American Federation of Teachers | American Postal Workers Union, AFL-CIO | Association for Neighborhood and Housing Development | Center for Digital Democracy | Center for Economic Justice | Center for Global Policy Solution | Center for Popular Democracy | Center for Responsible Lending | CFED | Citizen Action | Communications Workers of America | Consumer Action | Consumer Federation of America | Consumer Watchdog | Consumers Union | Consumers for Auto Reliability | Demos | National Association of Consumer Advocates | National Association of Consumer Advocates, Connecticut Chapter | National Center for Law and Economic Justice | National Community Reinvestment Coalition | National Consumer Law Center (on behalf of its low-income clients) | National Council of La Raza | National Fair Housing Alliance | Strong Economy for All Coalition | Student Debt Crisis | The Center for Global Policy Solutions | The Center for Popular Democracy Action (CPDA) | The Center for Responsible Lending | The Leadership Conference for Civil and Human Rights | The Hedge Clippers | The Interfaith Alliance of Colorado | The National Consumers League

More Information

For more information, visit AFR's website.

Download PDF

Hands off the CFPB!   (AFR_CFPB_Statement_.compressed.pdf)