1. United States
2. Idaho
3. Letter

The Consumer Financial Protection Bureau plays a vital role in safeguarding consumers from predatory and deceptive financial practices. Since its inception, the bureau has obtained nearly $20 billion in relief for Americans in the form of canceled debts, compensation, and reduced loans. Shutting down the CFPB would leave consumers vulnerable to exploitation by unscrupulous financial institutions. The bureau's oversight and enforcement actions are essential for maintaining a fair and transparent financial system that works for ordinary people, not just large corporations. Its continued operation should be a priority to protect the economic interests of American families and prevent a repeat of the abuses that contributed to the 2008 financial crisis. The administration should reconsider this reckless move and allow the CFPB to continue its critical consumer protection work unimpeded.