Call Your Members of Congress · Community Activism · Use Your Power, Recruit Friends

Stand Up for the Consumer Financial Protection Bureau and Protect It From Republicans Who Want to Kill It (November 2017 Update)

This OTYCD entry originally posted in April 2017.

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.

 

Update: Trump is actively trying some shens to break the CFPB. Its first head, Richard Cordray, chose to leave his post in November 27. Procedure called for Leandra English to become acting head of the agency, but Trump flouted the rules and tried to install Mick Mulvaney, who, as you will recall, is already employed as the head of the White House Office of Management and Budget. Mulvaney, you won’t be surprised to learn, hates the CFPB and wants to hobble it, if not kill it.

 

English sought an emergency restraining order against Mulvaney and was denied. More lawsuits are likely. Read more about the borkitude of the situation in this New York Times piece:

 

 

Because of these moves, we at OTYCD have tweaked the calling script to reflect the latest attacks on the agency by Trump.

 

Original text follows, with updated script.

 

The brainchild of now-senator Elizabeth Warren of Massachusetts, the CFPB was created in the wake of the 2008 financial crisis.┬áThe 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:

http://financialservices.house.gov/about/members.htm

 

 

Senate Banking, Housing, and Urban Affairs Committee:

https://www.banking.senate.gov/public/index.cfm/membership

 

 

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. I ask you to defend it against Republicans who would render it toothless, and that includes supporting Leandra English as the rightful director of the agency. The CFPB line of succession was designed to protect its independence and insulate it from political meddling. Trump’s attempt to install Mick Mulvaney, who already has a job in the administration, is a blatant example of political meddling. Please go on record in support of English and in support of the independence of the CFPB.”

 

 

Visit the CFPB web site:

https://www.consumerfinance.gov

 

 

Subscribe to One Thing You Can Do by clicking the button on the upper right of the page. And tell your friends about the blog!

 

 

Like it on Facebook:

https://www.facebook.com/CFPB/

 

 

Follow it on Twitter:

@CPFB

 

 

Read a Washington Post story about the history of the CPFB as of 2014:

https://www.washingtonpost.com/news/wonk/wp/2014/01/11/a-watchdog-grows-up-the-inside-story-of-the-consumer-financial-protection-bureau/?utm_term=.8da7b245e108

 

 

Read about Republican efforts to pass a bill killing the CPFB:

http://thehill.com/policy/finance/319517-gop-bill-would-eliminate-consumer-financial-protection-bureau

 

 

Read a New York Times op-ed defending the CPFB:

 

 

 

 

 

Call Your Members of Congress · Ethics · House Bills, Federal · Russian Scandal, Emoluments Clause · Senate Bills, Federal · Stand Up for Norms · Use Your Power, Recruit Friends

Call Your Members of Congress to Support the Presidential Conflicts of Interests Act

This OTYCD entry originally posted in February 2017.

 

Call your members of Congress to support the Presidential Conflicts of Interests Act of 2017.

 

Massachusetts Senator Elizabeth Warren introduced it in the senate as S.65; Massachusetts Fifth District representative Katherine Clark introduced it in the house as H.R. 371.

 

If passed, it would reinforce the Emoluments clause of the Constitution by stating that the president and vice president must divest themselves of any assets that could pose a conflict of interest, and place them in a blind trust.

 

The law would also apply to those officials’ spouses and dependent children, but not their grown children or their spouses. It would also impose the same disclosure requirements on the president that are required of members of Congress.

 

In short, it would force Trump to do something that the last several presidents have done voluntarily, because it’s common sense.

 

 

Here is the congress.gov link to S.65, A bill to address financial conflicts of interest of the President and Vice President:

https://www.congress.gov/bill/115th-congress/senate-bill/65

 

 

Here is the congress.gov link to H.R. 371, which has pretty much the same title as the senate version:

https://www.congress.gov/bill/115th-congress/house-bill/371

 

 

Subscribe to One Thing You Can Do by clicking the button on the upper right of the page or checking the About & Subscribe page. And tell your friends about the blog!

 

 

See this New York Times op-ed from Richard Painter, chief White House ethics lawyer under the Bush administration from 2005 to 2007, on Trump’s stated plans for complying with the Constitution:

 

See this (not very hopeful) Washington Post article about Warren and Clark’s legislative efforts:

https://www.washingtonpost.com/news/powerpost/wp/2017/01/09/democrats-introduce-conflicts-of-interest-act-but-are-unlikely-to-get-a-vote/?utm_term=.e4e1d52a6952

 

 

Here is Senator Elizabeth Warren’s press release on the bill. It names all its co-sponsors in the senate and the house. Do you see your members of Congress listed? If so, call and thank them for supporting these bills.

http://www.warren.senate.gov/?p=press_release&id=1342

 

 

Elections · Vote with your Dollars

Help Elizabeth Warren By Buying “Nevertheless She Persisted” Merch

This OTYCD entry originally posted in August 2017.

Help Massachusetts Senator Elizabeth Warren build her war chest for 2018 by buying “Nevertheless, She Persisted” merchandise.

Mitch McConnell handed Warren the perfect autobiography title when he shut her down during confirmation hearings for attorney general Jeff Sessions. When she attempted to read a letter that Coretta Scott King, widow of Martin Luther King, Jr., wrote in the 1980s when Sessions was up for a judgeship, McConnell invoked an obscure Senate rule to make her stop. Warren tried to keep going. In relaying the incident later, McConnell said, “Nevertheless, she persisted,” and gave rise to an immortal phrase gleefully embraced by the Resistance.

Damn near immediately, Etsy, CafePress, and the like were inundated with “Nevertheless, She Persisted” products. While some donated all profits, or at least a portion, to Warren’s campaign (she’s due to run for a second six-year term in 2018), not all did, and it can be hard to tell at a glance which sales help her.

Worry not: Warren’s campaign has a shop. Below are links to several ‘Nevertheless, She Persisted’ items. If you buy them, you can be certain that Elizabeth Warren will benefit directly.

A caution: Products periodically sell out. (As of mid-June 2017, the temporary tattoos were out of stock.) You may have to wait for your favorites to reappear.

 

Here’s the main link for Warren’s online store:

https://store.elizabethwarren.com

 

Buy the “Nevertheless, She Persisted” pink pussy hat:

"Nevertheless She Persisted" Rally Hat

 

Buy the “Nevertheless, She Persisted” t-shirt:

"Nevertheless She Persisted" T-shirt

 

Buy the “Nevertheless, She Persisted” bumper sticker:

"Nevertheless She Persisted" Bumper Sticker

 

Buy the “Nevertheless, She Persisted” travel mug:

"Nevertheless She Persisted" Travel Mug

Buy the “Nevertheless, She Persisted” campaign button (pack of three):

"Nevertheless She Persisted" Campaign Buttons (Pack of Three)

 

Donate to Elizabeth Warren’s 2018 Senatorial re-election campaign:

Donation