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We have to save the CFPB

First, it was USAID. Then, the Department of Education. Now, Elon Musk and Donald Trump are working to kneecap the Consumer Financial Protection Bureau (CFPB). Last week, they ordered the CFPB to cease all operations.

I'm sure it's no coincidence that Republicans want to gut the CFPB after it was gearing up to regulate the activities of big tech billionaires like Musk...

Headline: The CFPB took aim at Big Tech. Then Elon Musk moved to dismantle it.

The CFPB protects consumers against predatory loans, price-gouging, and predatory banks, and it's saved consumers over $20 billion. It shines a light on corporate greed and corruption. So of course Trump and Republicans are abusing their newfound power to immediately and illegally dismantle it.

Right now, American families are worried about how to pay their bills. Meanwhile, whether it's dismantling the CFPB or dangerous tariffs, Trump and Republicans are doing everything in their power to make it more expensive for you.

In these times of economic uncertainty when families are struggling to pay bills while corporations rake in record profits, the CFPB has never been more essential. So we have to fight to save it.

I hope you'll join me and sign our petition to protect the CFPB. We need to send the message that Trump and Republicans need to protect consumers, not big business.

One of the proudest votes in the Senate was to establish the CFPB. I'll be damned if we let a couple of oligarchs illegally dismantle it.

Onward,

Ron

Posted on February 20, 2025.

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Ron Wyden is a champion for our progressive values -- standing up for consumers and the middle class, fighting for digital privacy and an open internet, protecting our planet and Oregon's special places, and always insisting on human rights and equality for all.

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