1. United States
2. Mich.
3. Letter

The Consumer Financial Protection Bureau (CFPB) plays a crucial role in safeguarding consumer finances and promoting fair practices in the financial sector. Recent actions by the agency, such as suing the operator of Zelle and major banks for failing to protect consumers from widespread fraud, demonstrate its commitment to holding powerful firms accountable. Under the leadership of Rohit Chopra, the CFPB has taken on predatory lenders, curbed unfair fees, and championed transparency and competition in the industry. It is imperative that the incoming administration upholds the CFPB's mission to protect consumers and ensures the agency remains well-funded and independent. We urge you to preserve the CFPB's authority and support its efforts to combat exploitative practices that harm individuals and families financially.