AFR sent a letter to members of Congress yesterday regarding a piece of legislation that would threaten the ability of the CFPB to sufficiently protect consumers. If enacted, this bill would virtually guarantee that the CFPB would be a weak and timid 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.

Read U.S. PIRG and AFR’s issue brief outlining the 10 reasons we need the Consumer Financial Protection Bureau here.

Read today’s article from The Huffington Post about Wall Street opposition to financial reform here.

Read our letter opposing language in the FY2011 Appropriations Bill that would weaken the Consumer Financial Protection Bureau here.

Below, read a summary of the Dodd-Frank law from AFR member Consumer Action.
The landmark federal financial reform legislation (the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010) was designed to strengthen consumer protection …

The President and other elected officials have issued press releases regarding Elizabeth Warren’s appointment.
- From the Office of the President: “President Obama Names Elizabeth Warren Assistant to the President and Special Advisor to the Secretary …