Keep Wall Street In Check
We all know what can happen on Wall Street if there are no rules and no accountability.
We can’t afford another Great Recession, which is why Fair Share supports the Consumer Financial Protection Bureau (CFPB or Consumer Bureau). Set up to watch out for predatory and deceptive behavior in the financial industry it has returned $12 billion to 27 million Americans who were victimized by shady lending or financial trickery.
You should be able to save, invest and manage important financial decisions without the fear of being ripped off. And we all want fair, clear, transparent, and enforced rules that protect everyday Americans in the financial marketplace.
That’s the mission of the Consumer Bureau, a law enforcement agency that ensures financial service providers play by the rules.
The Consumer Bureau is under attack.
Some in Congress are pushing to shut down the Consumer Bureau. Maybe that’s because the financial industry just spent $2.3 million a day, totaling over $1.4 billion during the recent election cycle, to buy influence in Washington and re-rig the rules in their favor.
But if we can get just 41 votes to protect the agency, we can create a firewall in the Senate. Fair Share helps people stand up for an economy that works for people, where everyone plays by the rules. We helped win Wall Street reform in 2009.
Let’s keep the Consumer Bureau working for us.
Just last month, the bureau sued Navient — formerly Sallie Mae, a loan servicer used by students — for improperly processing loan payments. And they’re the agency that fined Wells Fargo $100 million for fraud in September and ordered Citibank to pay $5 million in consumer relief for illegal debt sales and debt collection practices.