Defend CFPB from unlawful attacks, restore funding

The Consumer Financial Protection Bureau (CFPB) plays a crucial role in safeguarding consumers from predatory and unethical practices in the financial industry. Since its inception, the CFPB has recovered over $21 billion for over 205 million individuals who were victims of unlawful conduct by corporations. It has also handled over 10 million consumer complaints, providing a vital avenue for redress. The CFPB's work enjoys broad bipartisan support due to its positive impact on American families. However, the CFPB is currently under attack by the Trump administration and wealthy interests who seek to dismantle this essential consumer protection agency. The acting director, Russell Vought, has issued directives to cease operations and cut off funding from the Federal Reserve, actions that are both illegal and harmful to the public interest. Furthermore, Elon Musk's DOGE team has demanded access to the CFPB's confidential data systems, which contain sensitive information about consumers and financial institutions. These attempts to undermine the CFPB must be resisted to prevent devastating harm to the American people. Without the CFPB's oversight and enforcement actions, financial predators would be free to engage in unfair, deceptive, and abusive practices with impunity. It is imperative that Congress takes immediate action to defend the CFPB's independence, restore its funding, and protect it from unlawful interference. The CFPB's vital work in safeguarding consumers must continue unhindered.