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When bad actors come after our Veterans and troops, the CFPB is the cop on the beat defending our heroes. Gutting CFPB will leave them even more vulnerable to scammers. And, contrary to what Elon says, will lead to more waste, more fraud and more abuse. https://t.co/yMiB2AjGdS
The Consumer Financial Protection Bureau isn’t some fancy Washington agency—it’s a watchdog that fights for YOU: 💰 $21B back from big banks 🇺🇸 $360M recovered for veterans 🚫 $11B/year saved on overdraft fees Now, Republicans want to burn it down for Trump & Elon Musk. Who are… https://t.co/RglXMJmB1c
From ATM Junk Fees to Overdrafts Charges from Banks, the Consumer Financial Protection Board alleviates financial drips that turn into a Tsunami of cost for American Consumers. We applaud this suit. 👏🏾 Since its inception, the CFPB has returned over $21 billion back to… https://t.co/RS0n3ZE0NH
The Consumer Financial Protection Bureau (CFPB) has returned over $20 billion to American consumers since its inception, according to various congressional representatives. They assert that the CFPB serves as a crucial watchdog against fraud and predatory lending practices. Recent comments from Senator Elizabeth Warren indicate that spending cuts associated with the Department of Government Efficiency (DOGE) are threatening the agency's operations. Warren, alongside other lawmakers, has criticized former President Donald Trump and Elon Musk for their efforts to dismantle the CFPB, claiming it would expose consumers to increased scams and fraud. Representatives have highlighted the bureau's achievements, including recovering $360 million for veterans and saving consumers approximately $11 billion annually on overdraft fees. They emphasize that any attempt to eliminate the CFPB would favor big banks and predatory lenders over the interests of American consumers.