Petition Closed

According to http://finance.fortune.cnn.com/2011/05/03/the-war-over-consumer-finance-protection-intensifies/ :

"A series of bills aimed at watering down the Consumer Financial Protection Bureau will be up for vote this week. What's a consumer agency that can't protect?

by Abigail Field, contributor

 

FORTUNE -- An obscure but extremely important political war is being fought in Washington right now over the design and power of the Consumer Financial Protection Bureau, the new agency created in the wake of the financial meltdown to protect consumers and help prevent another financial crisis.

Either the banks will win or the American people will win. It's impossible for both stakeholders to declare victory..."

Letter to
U.S. House of Representatives
U.S. Senate
According to http://finance.fortune.cnn.com/2011/05/03/the-war-over-consumer-finance-protection-intensifies/ :

"A series of bills aimed at watering down the Consumer Financial Protection Bureau will be up for vote this week. What's a consumer agency that can't protect?

by Abigail Field, contributor

FORTUNE -- An obscure but extremely important political war is being fought in Washington right now over the design and power of the Consumer Financial Protection Bureau, the new agency created in the wake of the financial meltdown to protect consumers and help prevent another financial crisis.

Either the banks will win or the American people will win. It's impossible for both stakeholders to declare victory...

And yet the very players who brought us the bubble and the meltdown -- the big banks that stopped underwriting their loans and offloaded them to investors -- are pushing hard to make the Consumer Bureau so feeble it won't be able to stop a future bank-driven disaster. The banks are spending tremendous cash on lobbying, and their trade groups are telling Representatives to vote for weakening the Bureau..."



See the link for more info, or this one: http://www.defendyourdollars.org/2011/05/cfpb_comes_under_attack_in_the.html

We need this agency and we let it be known already that we want it. Don't let it be undone now.

After signing the petition, contact your senators and representative and let them know you want a strong Consumer Financial Protection Bureau! http://www.usa.gov/Contact/Elected.shtml And pass the petition on.

Example of an email to write:

"Dear (Senator or Representative),

I am writing as a concerned constituent. I was alarmed to hear of the bills currently being debated in Congress that would greatly weaken the Consumer Financial Protection Bureau. The nation had this debate already and decided we needed a strong agency! A CFPB could have prevented an untold amount of economic damage of the past several years, but only if it is given the powers it needs to do so! I urge you to remember that your constituents depend on and expect you to make sure everyday people are not overrun by large corporations and banks.

Sincerely,
(Your name)"

This is tremendously important for all of us, and will affect us all for years to come.