1. United States
2. Pa.
3. Letter

The Consumer Financial Protection Bureau (CFPB) plays a crucial role in safeguarding Americans from predatory lending practices and financial exploitation. Its oversight and enforcement actions have recovered billions of dollars for consumers harmed by unscrupulous actors. Defanging the CFPB's supervisory capabilities would leave the public vulnerable to abusive behavior from financial institutions, undoing years of progress in promoting fairness and transparency. Robust consumer protection regulations are essential for a well-functioning and ethical financial system that serves the interests of all citizens, not just large corporations. Preserving the CFPB's supervisory powers is vital to upholding consumer rights and preventing a return to the reckless practices that precipitated the 2008 financial crisis.