From Elizabeth Warren <[email protected]>
Subject “Delete” the Consumer Financial Protection Bureau?
Date December 18, 2024 12:20 AM
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Warren for Senate: [link removed]

I’ll give you three guesses as to why some billionaires and
Republican politicians are trying to “delete” the Consumer Financial
Protection Bureau (CFPB).

But I bet you’d get it on your first try: Because the CFPB is working to
unrig our economy so it doesn’t just work for billionaires.

If you’ve got a checking account, a credit card, a mortgage, or a student
loan, the CFPB is looking out for you to keep you from getting cheated.
And this Little Agency That Could has a rock-solid record of success,
including…

* Taking on the types of shady lenders that were tricking and trapping
people with complicated mortgages and eventually crashed our economy
in 2008 — costing millions of people their homes
* Stopping Wells Fargo from unlawfully repossessing people’s cars after
the bank had piled on fees that consumers didn’t owe or charged them
the wrong interest rate
* Tackling aggressive junk fees that make price comparisons impossible
* Beating back predators that tricked service members and veterans into
paying interest rates that surged up to 200 percent on pawn loans
* Pushing back when some medical debt collector companies were double
billing patients or even charging patients for services they never
received
* All in all, putting around $20 billion back in the pockets of people
who got cheated by financial institutions

Now, why would a politician like Donald Trump, who ran for president
promising change — promising to make government work better for working
people — want to let some billionaires get rid of the CFPB?

He pledged to cap credit card interest rates at 10 percent — it will take
a strong CFPB to make that happen. He promised to rein in the influence of
Big Tech — the CFPB is tackling that right now. He promised to fight for
working people — the mission the CFPB delivers on every day.

Soon, he’ll be deciding on a director for the CFPB. We’ll see if he stands
up to giant corporations to help the workers who voted for him or if he
cowers to corporate billionaires. And if he breaks his promises, I’m
determined to hold him accountable.

The years ahead will be filled with chances to fight for working people —
including by defending the CFPB. I’m in that fight all the way.

[ [link removed] ]I’m grateful to have you on this team, and of course I wouldn’t expect
you to donate every time I ask, but every contribution is a powerful
symbol of this movement’s commitment to our values — can you pitch in
$28 or any
amount to show we’re staying in the fight?

Thanks for being a part of this,

Elizabeth







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