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The Consumer Financial Protection Bureau (CFPB) has helped millions of people, including servicemembers and veterans defrauded by banks, families crushed by junk fees, and cancer patients denied refunds by credit card companies. In fact, prior to Trump’s second term, the CFPB returned more than $21 billion in relief to communities. The CFPB works and Congress knows it. That’s why Republican members of Congress quietly referred their own constituents to the CFPB when they needed help. The problem is these same Republicans then turned around and voted to gut it. ProPublica exposed the hypocrisy in brutal detail. Dozens of Republican lawmakers referred thousands of their constituents to the CFPB for assistance, often in heartbreaking cases of fraud, financial abuse, or corporate wrongdoing. Those constituents received support, guidance, and relief. Then those very same lawmakers turned around and voted to slash the agency’s funding by nearly half as part of the One Big Brutal Bill passed this past July. Let’s be blunt. You cannot claim to support your constituents while gutting the agency that helped them. You certainly cannot claim to care about working families while handing Wall Street a free pass to rip people off.
The CFPB exists because people like you demanded real accountability after the 2008 crash. Since then, the agency has fought back against corporate fraud, abusive lenders, predatory banks, and the worst actors on Wall Street and in the financial system. They stopped junk fees. They fined banks that broke the law. They forced companies to return money to people they stole from. That is exactly why the CFPB is under attack. Wall Street knows the CFPB works. Elon Musk knows it. So does Donald Trump. So do the Republicans who voted to gut its funding even as they sent their voters to the agency for help. They want to dismantle it because it costs their donors and law-breaking corporations money. They are not trying to fix the CFPB. They are trying to kill it. But we can stop them. We have done it before. When Trump tried to shut it down in 2017, we fought back and won. When Wall Street flooded Congress with corporate lobbyists and cash, we pushed back harder. The only reason the CFPB is still standing is because people like you took action when it mattered. Thank you for being part of this fight, Aditi. Aditi Sen (she/her)
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