Support Creation of the New Consumer Financial Protection Bureau & Elizabeth Warren's Confirmation

Support Creation of the New Consumer Financial Protection Bureau & Elizabeth Warren's Confirmation

    1. cathy  eshmont
    2. Petition by

      cathy eshmont

      ellicott city, MD

Last year, banks collected $57.7 Billion in late fees and charges from consumers.  The new Consumer Financial Protection Bureau is the consumers' advocate against the Goliaths of the financial industry.  Tired of complicated forms and disclosures not in plainspeak?  CFPB to the rescue:  all documents required for student loans, credit cards, checking accounts, mortgages, and other financial products will be clarified and streamlined so consumers can understand them.  The nominee for Director, Elizabeth Warren, goes before the Senate this week.  There is a worry that some senators, who have made it clear they don't want to confirm a Director because their interests are more with the banks than with us, plan to block the Senate from going into recess to prevent President Obama from naming a Director during the recess.   

The CFPB is posting all of its activities online for full transparency for the public.  Revised mortgage lending forms are available on the website in round two of requesting feedback from the public.   In addition to signing this petition requesting help and protection from predatory and unfair banking practices, please visit consumerfinance.gov and sign up to follow the Bureau's activities.  The number of supporters will make it clear to Congress that consumers need and want the Bureau's protection. 

Recent signatures

    News

    1. Letter to the Editor: America Needs Elizabeth Warren

      Jess Kutch
      Petition Organizer

      "If we are to avoid a repeat of the recent economic recession caused by criminal fraud perpetrated by Wall Street manipulators and big banks, we need an effective Consumer Financial Protection Bureau headed by Elizabeth Warren."

    2. Reached 50 signatures

    Supporters

    Reasons for signing

    • Andrew Heugel BREWSTER, NY
      • over 3 years ago

      Elizabeth Warren has been a knowledgable advocate for Main St. Americans and consumers for years. We the peons need to keep putting pressure on Congress to confirm her or to let the President do so. And, much more needs to be done regarding all the "conservative, family values" Republicans and "Blue Dog" Democrats, who have sold their offices to the highest bidders...

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    • B M BALTIMORE, MD
      • over 3 years ago

      Elizabeth Warren is the best person to head the Consumer Protection agency, so why has she not been confirmed by the Senate as yet? Because the Republicans are afraid of her, and they are afraid of what this agency will mean for Americans. They can't stomach the idea that consumers just might have some rights after all, and their Wall street cronies may lose a few dollars in the process. They want no regulation, period, so they can continue to bleed our country dry.

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    • Maneesh Pangasa YUMA, AZ
      • over 3 years ago

      We, the undersigned, ask that you support Elizabeth Warren's nomination to lead the CFPB as this decision looms in the Senate this week.

      Elizabeth Warren is a very worthy candidate and the creation of the Bureau is a long overdue step in protecting consumers from predatory and unjust banking practices. The banking industry received $57.7Billion in late and overdraft fees last year. The work of the Bureau --clarifying the language in lending documents for student loans, mortgages, credit cards, etc -- is a long overdue assist for the consumers in this country. The people need simplified and easy to understand forms to assess the true costs of the financial deal they're signing. The mission of the Bureau is at the heart of free enterprise and competition, an American value: be transparent with regard to lending practices and let the best financial institution win the consumer's business.

      It's time to say 'enough' to the banks and other financial lenders, and offer the people some protection. Please support the timely confirmation of Elizabeth Warren to head the Consumer Financial Protection Bureau

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