DEFEND
THE CONSUMER BUREAU

KEEP OUR CONSUMER COP ON THE FINANCIAL BEAT

You should be able to save, invest and manage your money without fear of being trapped, tricked or ripped off by the institutions you're trusting with your financial future. That’s why we need strong consumer protections in the financial marketplace.

But now, the Trump administration and Wall Street's allies in Congress are looking to weaken or eliminate the Consumer Bureau. We can't let that happen.

TELL YOUR SENATORS:



THE CFPB GETS THE JOB DONE.

In just six years, the CFPB has been a huge success for consumers, returning nearly $12 billion to more than 29 million people who were ripped off by companies that broke the law.

The CFPB holds big banks, debt collectors, and lenders accountable. Here are a few examples of some of the cases the CFPB has taken on to protect consumers:

  • In 2015, the Department of Justice and 47 states joined the CFPB in a $216 million action against JP Morgan Chase Bank for illegal debt collection practices affecting more than half a million Americans.

  • When Wells Fargo employees were caught opening unauthorized debit and credit accounts using their customer's information, the CFPB fined Wells Fargo $100 million for fraud.

  • The CFPB fined Equifax andTransUnion — two of the three largest credit reporting agencies — $5 million for selling inflated credit scores to consumers that were different from ones actually used by lenders, and returned $17 million to those consumers harmed by the deception.

The Consumer Bureau's success should be earning it applause in Washington. The idea that consumers deserve protection against fraud and other misleading practices shouldn't be controversial.

Yet instead of cheering on the Consumer Bureau, the Trump administration and some members of Congress are pushing to weaken or even get rid of it.


SENATORS: KEEP OUR CONSUMER COP ON THE FINANCIAL BEAT

We can keep our consumer cop on the financial beat — but only if we can convince enough senators to stand up and defend the Consumer Bureau, and stop any bad bills that try to roll back or eliminate consumer protections.

Even with the Consumer Bureau on the job, many Americans are still at risk of reckless financial practices that threaten their homes, their retirement savings, and their overall well-being. That’s why we don’t simply need the Consumer Bureau to exist: We need to make it even better, by strengthening commonsense consumer protections, spreading the word about its success and potential, and defending it from constant attacks from Wall Street.

In the wake of the Great Recession, we helped spearhead the creation of the Consumer Bureau. Now, we need your help to stand up for consumer protection once again, and defend the CFPB from those who would weaken or eliminate it.


Take Action

Keep Our Consumer Cop On
The Financial Beat

When we helped create the Consumer Financial Protection Bureau in the wake of the Great Recession, it was to help restore safety and confidence for Americans in their finances. And our watchdog on Wall Street has been getting that job done.

But now the CFPB is under attack, and we need to tell our Senators to stand up and protect our consumer cop.



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UNITED STATES PUBLIC INTEREST RESEARCH GROUP

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