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US (AMERICANS FOR FINANCIAL REFORM) : Nearly 100 groups just stood up for the CFPB. Now we need you.

 


Americans for Financial Reform


Tuesday, we stood outside the U.S. Court of Appeals for the D.C. Circuit 

as judges heard arguments in a case that could determine the future of 

the Consumer Financial Protection Bureau. Consumer advocates and 

CFPB workers rallied together as the Trump administration continues to push 

an aggressive plan to restructure, defund, and slash up to 90% of the 

agency’s workforce.

Acting Director Russell Vought has taken steps to halt much of the CFPB’s 

work and pursue widespread layoffs and cutbacks on critical services, moves 

that have triggered ongoing litigation by the National Treasury Employees 

Union challenging those actions.

Americans for Financial Reform was proud to support CFPB workers. 

We also coordinated a coalition letter signed by nearly 100 national, 

state, and local organizations demanding that the Senate stand up for 

a strong, robust, and independent CFPB.

That letter makes clear that the future of the CFPB is on the line and with 

it the only federal agency dedicated entirely to protecting people from 

financial exploitation.

The CFPB has returned tens of billions of dollars to people who were 

cheated by big banks, payday lenders, student loan servicers, 

mortgage companies, and credit reporting giants. It has taken action 

on junk fees, racial discrimination in lending, predatory payday loans, and 

medical debt abuses. Weakening the CFPB hands power straight back to 

the corporations that caused so much harm in the first place.

We are mobilizing legal experts, policy advocates, coalition 

partners, and grassroots supporters to defend this agency in the 

courts and in Congress. But this fight takes resources. Can you 

make a contribution today to help us defend the CFPB and protect 

its independence?

Donate Now

Nearly 100 organizations have publicly called on the Senate to defend the 

CFPB’s funding and structure. This is a broad coalition of consumer 

advocates, civil rights groups, and public interest leaders who understand 

that without the CFPB, predatory lenders and abusive financial actors will 

operate unchecked.

As I said at the rally, if the CFPB is stripped down to a shell, enforcement actions 

stall. Investigations slow. Rules go unenforced. Families facing foreclosure, 

veterans targeted by scams, students buried in debt, and workers hit with illegal 

junk fees are left to fend for themselves. That is exactly what Wall Street has 

wanted for years.

AFR has defended the CFPB since its creation. We fought for its 

strongest rules. We mobilized to protect it from previous attacks. And 

we are not backing down now. But we cannot do it without 

sustained support from people who believe in a fair financial system.

Contribute $5 to help Americans for Financial Reform defend a 

strong, robust, and independent CFPB now.

Let’s keep organizing, keep speaking out, and keep defending the 

CFPB until it has the full strength and independence consumers deserve.




- Tom






Tom Feltner (he/him)
Associate Director of Consumer Policy
Americans for Financial Reform











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