Published: January 2015

Attempts to roll back the CFPB’s authority to protect consumers

Coalition: Americans for Financial Reform (AFR)

Here we go again—those who have opposed increasing consumer protections and the creation of the Consumer Financial Protection Bureau (CFPB), are at it once more.

As Congress proposes to weaken the Dodd-Frank Act and "defang" the Consumer Financial Protection Bureau’s regulatory authority, advocates are working overtime to defend the Bureau (CFPB). In a group letter, advocates, including Consumer Action, associated with Americans for Financial Reform urged Congress to oppose efforts to weaken the CFPB’s directorship and independent funding. They warn that hobbling the Bureau would put the worldwide financial sector at risk for another meltdown.

Other Organizations

AFL-CIO | American Federation of State, County and Municipal Employees (AFSCME) | Americans for Financial Reform | Center for Digital Democracy | Center for Economic Justice | Center for Popular Democracy | Center for Responsible Lending | Coalition on Human Needs | Consumer Action | Consumer Federation of America | Consumer Watchdog | Consumers Union | Demos | Empire Justice Center | ESOP | International Brotherhood of Teamsters | International Union, United Auto Workers, UAW | MFY Legal Services, Inc. | NAACP | National Association of Consumer Advocates | National Community Reinvestment Coalition | National Consumer Law Center (on behalf of its low income clients) | National Council of La Raza | National Fair Housing Alliance | National People's Action | New Economy Project | Public Citizen | TICAS | U.S. PIRG | Woodstock Institute

More Information

Click here to read the coalition letter.

For more information visit AFR's website.

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