Call your members of Congress and speak up in favor of the Consumer Financial Protection Bureau (CFPB), an independent watchdog agency that protects ordinary people from the excesses of banks, foreclosure firms, payday lenders, and other financial institutions.
The brainchild of now-senator Elizabeth Warren of Massachusetts, the CFPB was created in the wake of the 2008 financial crisis. The Republicans have been gunning for it for years, and as you can imagine, the financial industry isn’t too fond of it, either.
The world of personal finance is complex and it’s only going to get more complex. The CFPB does vital work for citizens who are wronged by financial corporations large and small.
Important: Is your house rep on the Financial Services Committee? Is your senator on the Banking, Housing, and Urban Affairs committee? Then it’s extra-important that you call. Check the links below before picking up the phone.
House Financial Services Committee members:
Senate Banking, Housing, and Urban Affairs Committee:
Sample script: “Hello, I’m (Firstname Lastname, of town, zip code). I’m calling to ask Senator/House Rep (Lastname) to fight any efforts to cripple or declaw the Consumer Financial Protection Bureau. It is an independent watchdog that provides financial education and aids ordinary people who have been hurt by banks, payday lenders, mortgage companies, credit score companies, and other financial entities whose mistakes can ruin lives. The CFPB has done good in its short existence. Please defend it from Republican efforts to render it toothless.”
Visit the CFPB web site:
Like it on Facebook:
Follow it on Twitter:
Read a Washington Post story about the history of the CPFB as of 2014:
Read about Republican efforts to pass a bill killing the CPFB:
Read a New York Times op-ed defending the CPFB: