From Elizabeth Warren <[email protected]>
Subject The CFPB, student debt cancelation, and what’s to come
Date January 17, 2024 12:14 AM
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Warren for Senate: [link removed]

I never in a zillion years thought I'd be a U.S. senator. But my life has
had a lot of twists and turns, just like a lot of people's.

I grew up on the ragged edge of the middle class. After my daddy’s heart
attack, my family came within an inch from losing our house, but my mother
got a minimum wage job at Sears that saved our family.

I dropped out of college at 19 to get married, but got a second chance at
a public college that cost $50 a semester and got to live my dream of
becoming a public school teacher.

I’ve dedicated my career to studying why families go broke and fighting to
rebuild the middle class. After Wall Street crashed our economy in 2008, I
fought to create the Consumer Financial Protection Bureau to protect
people from getting scammed by big banks and corporations. The CFPB has
already returned more than $16 billion to American consumers who’ve been
cheated.

After Senate Republicans vowed to block my nomination to serve as the
CFPB’s first director, I went back home to Massachusetts and ran against
one of them — and I beat him.

Since then, we’ve gotten a lot done. Like putting a new tax on massive
corporate profits to help fund the fight against climate change. Lowering
the cost of hearing aids. Getting student loan cancelation to the
president’s desk — and even though an extremist Supreme Court has stood in
his way, President Biden has still been able to cancel around $127 billion
in student debt so far for nearly 3.6 million borrowers.

[ [link removed] ]I’m running for re-election this year because there are still things we
need to do to make our government work for working people — not
billionaires and big corporations. Like a wealth tax. Universal child
care. A solution to the housing affordability crisis. And I’m fighting
like hell for these policies. But I can’t do this without your support.
Will you make a contribution of
$28 or
whatever you can today so I can keep fighting for working families in
Congress?



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Throughout my career, I’ve learned that when you start talking about
policies that help working people — like canceling student debt or passing
universal child care for example — plenty of people share the same
feedback over and over and over:

“Great idea, but that will never happen.”

Meanwhile when big banks need a big bailout after gambling with people’s
livelihoods to boost their profits, or when corporate lobbyists beg for a
tax break — those same people respond with:

“We’ll get that done ASAP.”

It’s maddening, and I’m fighting to fix this imbalance in our government.
We’re already making huge progress with the CFPB and student debt
cancelation — despite everyone saying that these things would “never
happen.” But we need to keep fighting.

We can keep proving the naysayers wrong and making real change for working
people. We can keep showing what it looks like to make our government work
for everyone, not just the wealthy and well-connected. It doesn’t all
happen overnight, but it gets done because we fought side by side as a
grassroots movement.

[ [link removed] ]When we ignore the critics, aren’t afraid to take on the righteous
fights, and invest in the change we truly believe in, we win. There’s much
more progress to make together, and that’s why I’m running for reelection,
and why I’m asking for your support. So, will you pitch in
$28 or
anything you can to help grow our campaign and help make big, structural
change?

Thanks for being a part of this,

Elizabeth




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