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.
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Updates
Statement: Trump’s Latest Front to Take Down the CFPB
FOR IMMEDIATE RELEASE: November 19, 2025 CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org Trump’s Latest Front to Take Down the CFPB Statement of Patrick Woodall, Managing Director of Policy at Americans for Financial Reform: As Russel Vought approaches the 210 day deadline to serve as the acting temporary director of the Consumer Protection Financial Bureau (CFPB), President Trump is
AFR in the News
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Jacobin: Trump’s SEC May Tee Up a Repeat of the 2008 Financial Crisis
“People should be very alarmed that we are trying to deregulate something that is a known problem in our financial system,” said Caroline Nagy, a housing expert with the consumer-protection-focused Americans for Financial Reform. “It seems like they’re making changes that will exacerbate wealth inequality and make it easier for Wall Street lenders to make…
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VitalLaw: CREDIT, DEBIT AND GIFT CARDS—Senate Democrats’ bill would allow states to cap consumer interest rates
Tom Feltner, associated director of consumer policy at Americans for Financial Reform, said states’ role in consumer financial protection “has only become more vital since the administration has attempted to shutter the Consumer Financial Protection Bureau, halt its efforts to bring down costs, and roll back its work to enforce critical financial protections.”
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NerdWallet: The CFPB Is Still Standing … Barely. But Is It Doing Anything?
“We are at a pivotal moment for all that was, all that has been and what could be,” says Amanda Jackson, director of consumer campaigns for Americans for Financial Reform, a nonprofit group focused on financial equity. “The CFPB has done tremendous work since its inception.” “We’re seeing the agency pull back from prior commitments…