Protect the Consumer Financial Protection Bureau and Its Workers

The Consumer Financial Protection Bureau (CFPB) was created after the 2008 financial crisis to serve as a watchdog over banks, lenders, and financial institutions, protecting ordinary Americans from predatory practices. Since its founding, the CFPB has returned over $21 billion to consumers and played a crucial role in ensuring fairness and transparency in the financial sector.

Now, a recent appeals court ruling has opened the door for mass firings at the CFPB, following the Trump administration's efforts to dismantle the agency. This move threatens to gut the Bureau, undermine its mission, and leave millions of consumers vulnerable to financial exploitation. The ruling disregards the intent of Congress and the needs of the American people, prioritizing political agendas over public welfare.

We call on Congress and President Biden to act swiftly to uphold the integrity of the CFPB, protect its workforce, and ensure it can continue its essential work. The American people deserve a strong, independent agency that stands up for their rights against powerful financial interests.