The Consumer Financial Protection Bureau (CFPB) was formed in the wake of the Great Recession, after banks crashed the economy leaving millions of homeowners to face foreclosure and American taxpayers to bail out big banks.
The CFPB was created to protect consumers from predatory and deceptive trick and traps. Since its creation, the CFPB has obtained over $21 billion in relief for over 200 million people in restitution and canceled debts. Under former Director Rohit Chopra’s tenure alone, bad corporate actors returned over $6 billion to wronged consumers and paid $3.2 billion in civil penalties.
Now, the CFPB is at risk. Unelected DOGE staff arrived at the CFPB's Washington DC office on Friday. These young men began to access CFPB’s sensitive personnel and financial records. Because the CFPB investigates banks, credit unions, debt collectors, and others, the Bureau has access to personal data including individuals social security numbers and bank accounts, as well as proprietary information of financial services and products.
This entry and access of CFPB data is unprecedented. Make no mistake–it is also undemocratic. It is critical that the only government agency specifically tasked with protecting consumers from financial fraud, abuse, and scams be able to continue it’s vital work on behalf of working families across the country.
Join staff, advocates, and others SATURDAY, 2/8 from 11 AM - 1 PM to defend and protect the CFPB. (Gather outside the CFPB headquarters, 1700 G Street NW, Washington DC).
2209 Maryland Avenue
Baltimore, MD 21218
410.220.0494
