US (AMERICANS FOR FINANCIAL REFORM) : JAYAPAL called out VOUGHT, “You should be ashamed of yourself”.

 

A House hearing this week pulled the curtain back on what is happening to the Consumer Financial Protection Bureau. Lawmakers put Russ Vought on the spot and forced him to answer for his effort to block the CFPB from protecting families and communities and letting Wall Street rip people off. He was questioned about a coordinated plan to gut the CFPB through funding cuts, enforcement shutdowns, and deliberate efforts to weaken the only agency that holds financial corporations accountable when they break the law. Rep. Pramila Jayapal said it directly to his face: “The CFPB put real money back in consumers' pockets, returned $21 billion to consumers who were cheated or scammed by big banks, corporations… but you have a mission to eliminate the CFPB... It is clear to me that you are just protecting those biggest corporations Mr. Vought and you should be ashamed of that.” Americans for Financial Reform worked with Congressional staff and members to raise Vought’s attack on the CFPB at the hearing. We provided research, data, and seed questions that helped get this confrontation into the open and generate the kind of scrutiny Vought and his allies never wanted. The fight to save the CFPB isn’t over and we will not stop until we win. Please rush a donation to help us stop the effort to dismantle the CFPB and defend consumer protections now. DONATE NOW >> Not all villains wear masks. Trump putting Vought in charge of the CFPB was a gift to lawbreakers, financial predators, and fraudsters. As Trump’s Project 2025 enforcer, Vought has consistently worked against the needs of everyday people while catering to a handful of corporate elites. Weakening and dismantling the CFPB is exactly what Vought is trying to do. The CFPB has taken on junk fees that drain billions from families, moved to remove medical debt from credit reports so people are not locked out of housing and jobs after getting sick, and cracked down on predatory lenders exploiting workers and communities. These actions hit corporate profits directly, which is why this attack is happening now. AFR is fighting this on every front. We are working with lawmakers to keep the pressure on, supporting efforts to block these moves, and organizing a broad coalition to defend the CFPB and fight for consumer financial justice before the damage becomes permanent. This fight is winnable, but it takes resources to go up against Wall Street’s lobbying machine and the political allies pushing this agenda forward. Chip in now to help us defend the CFPB, protect consumers, and stop Russ Vought’s plan before it succeeds. Thank you for taking action to hold corporate power accountable and protect the rules that keep our financial system fair. - Tom. Tom Feltner (he/him) Associate Director of Consumer Policy Americans for Financial Reform. Support this Campaign

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