Oppose Attempts to Undermine the New Consumer Bureau

Tell Your Representative to Stand Up for Consumers


The creation of the Consumer Financial Protection Bureau is one of the most significant reforms to come out of Congress’ efforts last year to protect consumers and rein in Wall Street greed.

This new agency, which consumer advocate Elizabeth Warren is now working to set up and Richard Cordray will hopefully run, is to be responsible for cracking down on unfair, deceptive and abusive practices in consumer financial products such as mortgages, student loans and credit cards.

But now the Consumer Financial Protection Bureau is under attack.

House Republicans are scheming with Wall Street lobbyists to push bills that will virtually guarantee that the bureau would be a weak, ineffective agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.

Specifically, H.R. 1315, sponsored by Rep. Sean Duffy (R-Wis.), would grant the same regulators that failed so spectacularly to protect consumers and stop the financial crisis broad leeway to block the new bureau’s rules. It would also make the bureau less accountable and more likely to slide into gridlock and inaction by altering the leadership of the agency from that of a single director to a five-member commission.

Help us oppose these attempts to undermine the Consumer Financial Protection Bureau. Email your member of Congress (and follow up your message with a phone call) today!

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