1. United States
2. Pa.
3. Letter

The Consumer Financial Protection Bureau (CFPB) was established to protect Americans from abusive, deceptive, and predatory financial practices. Recent actions by the Trump administration threaten to undermine the CFPB’s mission, including legal challenges to its funding, rollbacks of enforcement actions, and attempts to weaken its independence. These actions put consumers at risk. Without a fully empowered CFPB, predatory lenders, unscrupulous debt collectors, and financial institutions may exploit loopholes and impose unfair costs on everyday Americans. Rollbacks also weaken regulatory oversight that protects the housing market, student borrowers, and small businesses. Congress has a duty to ensure that the CFPB can operate independently, enforce existing consumer protections, and continue its mission to hold financial actors accountable. Oversight should include: - Reviewing changes to CFPB enforcement priorities and funding authority - Investigating whether the administration is unlawfully limiting CFPB operations - Assessing the potential impact on consumers and financial markets if protections are weakened Unchecked, these rollbacks threaten public trust, economic stability, and the financial security of millions of Americans. The CFPB’s independence is essential to prevent systemic abuse and ensure that the financial system works for people, not just powerful corporations. Congress must act to protect the CFPB, safeguard consumer protections, and prevent the administration from dismantling a critical watchdog designed to defend Americans from financial harm.