For fourteen years, the Consumer Financial Protection Bureau (CFPB) has kept everyday people safe from financial fraud and harm and held banks, payday lenders, and Big Tech firms accountable when they scammed and hurt people.
AFR shared maps and statistics with the Senate Environment and Public Works Committee and the Senate Banking, Housing, and Urban Affairs Committee prior to two hearings this month on the insurance crisis, which is compounded by climate change.
In its first 100 days, the Trump administration moved aggressively to dismantle the Consumer Financial Protection Bureau (CFPB), leaving the public vulnerable to predation by Wall Street, Big Tech, and predatory lenders, and satisfying the financial industry’s desire to operate without oversight. Elon Musk declared war on the CFPB, and the Republican-majority in Congress has largely aligned with the administration’s efforts to tear apart the CFPB.
View or download a PDF of the factsheet here. Proxy Advisors — What They Are And Why They Are Under Attack Every year, public companies hold shareholder meetings where investors vote on a range ofballot items — from electing directors and approving executive compensation to weighing in onproposals filed by shareholders requesting companies address issues related
Small businesses and farms are engines for economic growth and household wealth building, but historic inequitable access to credit and financing makes it more difficult for businesses and farms owned by people of color and women to sustain, reinvest, and expand their businesses. Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires the CFPB to collect data essential to identify lending discrimination and gaps in access to credit, provide market transparency, and address community credit needs for small businesses and farms. Efforts to repeal, weaken, or undermine Section 1071’s reporting requirements will hurt small businesses and farms, undermine household wealth building, and hurt overall economic growth.
Congress must vote against legislative attacks on the CFPB, which must remain independent, with a single director and a secure mandatory funding stream. Congress must also protect CFPB rules including the fintech payment app rule, the overdraft fee rule, the medical debt rule, and small business and farm lending transparency rules.