They rip people off to the tune of tens of billions of dollars a year, punish people for not being rich with higher fees and higher rates, and worsen the racial wealth gap. The Consumer Financial Protection Bureau was created to stop this kind of abusive corporate behavior, and to hold financial companies accountable when they break the law.
Advocacy
Resources
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Updates
Press Release: Appeal’s Court Ruling Sides With Administration on Destructive Dismantling of Critical Consumer Protection Agency
A panel of the US Court of appeals today overturned an earlier court order halting mass layoffs at the Consumer Financial Protection Bureau(CFPB).
AFR in the News
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Reuters: Just 35 complaints of debanking cite political bias despite Trump order
“It’s not a real issue. ‘Debanking’ is an excuse for political attacks,” said Amanda Jackson, a director for Americans for Financial Reform, a coalition of progressive-leaning groups.
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Between the Lines: At Trump’s Urging, Judge Vacates Biden Rule Removing Medical Debt from Consumer Credit Scores
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Bloomberg: States Push for Consumer Protection Laws as Trump’s CFPB Recedes
“What we’re seeing isn’t just a budget cut,” said Amanda Jackson, the consumer campaigns director at advocacy group Americans for Financial Reform. “It’s a structural defanging.”
