The 312 undersigned consumer, civil rights, labor, legal services and community organizations
and academics write to urge you to demand action to restore a strong and independent
Consumer Financial Protection Bureau (CFPB). We further urge you to oppose changes to the
CFPB’s funding, structure or other changes that would weaken its ability to stand up for
consumers, competition and a fair financial marketplace.
The CFPB, created after the devastating 2008 financial crisis, has worked to protect consumers
and responsible industry players alike. The CFPB has obtained over $21 billion in relief for over
200 million people, including $363 million for servicemembers and veterans, and its consumer
protection mission continues to be overwhelmingly supported on a bipartisan basis. The CFPB
has worked to support a healthy, sustainable housing market, improve credit reports, crack
down on junk fees, reduce the burdens of medical and student debt, fight lending discrimination,
and promote safe banking practices and banking competition. Now more than ever, we need a
strong CFPB that will continue to keep our personal financial data safe, protect our privacy, and
fight fraud.
Congress created the CFPB, and Congress must support ordinary people and fair competition
by standing up for a strong and independent CFPB.
See all resources related to: Consumer Protection Regulation