[Occupymendocino] [Fwd: Sign the petition: Save Senator Elizabeth Warren's consumer protection agency]
agnes at mcn.org
agnes at mcn.org
Thu Jan 15 21:04:11 PST 2015
I signed this petition, please help save the consumer protection legislation.
Agnes
---------------------------- Original Message ----------------------------
Subject: Sign the petition: Save Senator Elizabeth Warren's consumer
protection agency
From: "Murshed Zaheed, CREDO Action" <act at credoaction.com>
Date: Thu, January 15, 2015 7:04 am
To: "Agnes S. Woolsey" <agnes at mcn.org>
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Tell Senate Democrats: Save Senator Elizabeth Warrenâs consumer
protection agency
Petition to Senate Democrats:
"Oppose any changes that would undermine the Consumer Financial Protection
Bureauâs ability to continue protecting millions of Americans from
financial scams and predatory lenders, including any alterations to the
agencyâs leadership structure, funding, or regulatory authority."
Add your name:
[1]Sign the petition âº
Dear Agnes,
[2]Elizabeth_Warren_Save_CFPB
At a time when shady lenders and out-of-control banks were profiting from
scamming consumers, Senator Elizabeth Warren dreamed of an effective
watchdog dedicated to protecting ordinary Americans: the Consumer
Financial Protection Bureau (CFPB).
Since its creation in 2011, the CFPB has begun the overdue work of what
Senator Warren intended: reining in mortgage lenders, delivering refunds
to victims of credit card scams, and more. But now, former Representative
Barney Frank is warning that Republicans will attempt âde-fangâ the
agency, and news reports have suggested that the agency would be the
Republican senateâs âfirst targetâ and that âno achievement of
President Obamaâs faces more risk.â^1,2,3
The Republican House has already passed legislation to dismantle, defund,
or sabotage the CFPB, and conservatives are plotting to finish the job in
the Senate. This is why we are joining our friends from National
Peopleâs Action, Americans for Financial Reform, and other allies in the
progressive movement in demanding the Democrats block and fight back
against any and all attacks against Senator Warrenâs consumer protection
agency.
[3]Tell Senators Dianne Feinstein and Barbara Boxer: Save Sen.
Warrenâs consumer
protection agency. Click here to sign the petition.
In just a few short years, the CFPB has reined in abuses by debt
collectors, taken on for-profit colleges, protected home-buyers from
unscrupulous lenders, investigated predatory private student loan
companies, insisted on mortgage safeguards, recouped millions for military
families who were overcharged or lost homes to foreclosure, unearthed the
unethical practices of student debt collectors, and shed light on dozens
of predatory lending practices and consumer scams. And it only came into
existence in 2011!^4
Senator Warrenâs brainchild agency is saving Americans money and keeping
them out of the clutches of predatory lenders. To protect it, weâre
partnering with National Peopleâs Action, Americans for Financial
Reform, and other progressive allies to demand that Democrats oppose any
and all attempts to cripple or undermine the CFPB.
In years past, the Republican House has approved all sorts of attacks on
the agency. They have attempted to defund it, by moving its funding source
from the Federal Reserve to congressional appropriations they control.
They tried to eliminate a fund that the CFPB uses to reimburse victims of
fraud and let other regulators that are friendlier to lenders overrule the
agency. They even tried to place limits on what kind of data CFPB can
collect, because too many people were sharing such heartbreaking stories
of abuse and fraud.^5
Perhaps most dangerously, Republicans have proposed replacing the
agencyâs single, strong director with a set of commissioners â many,
no doubt, appointed by bank-friendly politicians. CREDO members fought
long and hard to get President Obama to appoint Ohio Attorney General
Richard Cordray as the Director of the Consumer Financial Protection
Bureau, and we cannot let Wall Streetâs puppet politicians undo that
victory.
[4]Tell Senators Dianne Feinstein and Barbara Boxer: Save Sen.
Warrenâs consumer
protection agency. Click here to sign the petition.
We know that Senator Warren will fight fiercely for her brainchild. But
many other Senate Democrats are far more cozy with big banks â even
voting with Republicans to undo Wall Street reform in the first week of
the new Congress.^6 Even Democrats who support strong consumer protections
may get weak in the knees if an attack on the CFPB is slipped into
legislation funding the government or raising the debt ceiling.
But if Democrats stand united, they will protect millions of everyday
Americans â and draw a sharp contrast showing which party is willing to
fight for the middle class.
Progressive champions need to hear that we will stand with them if they
fight tooth and nail. And we need to issue a warning to Senate Democrats
pondering siding with shady lenders whose deep pockets are the result of
exploiting struggling constituents.
If Senate Democrats stand together, we can block Republican attacks and
save the Consumer Financial Protection Bureau. Click the link below to
sign the petition to save CFPB:
[5]http://act.credoaction.com/sign/Warren_CFPB?t=1001&akid=12660.23357.34TR07
Thank you for your activism.
Murshed Zaheed, Deputy Political Director
[6]CREDO Action from Working Assets
Add your name:
[7]Sign the petition âº
1. Eric Garcia, â[8]Barney Frank fears GOP will try to neuter watchdog
agencyâ MarketWatch, Jan 6, 2015
2. Erika Eichelberger, â[9]A GOP Senate's First Target: Elizabeth
Warrenâs Consumer Protection Agencyâ Mother Jones, September 26,
2014
3. Joseph Lawler, â[10]Incoming GOP majority would target Elizabeth
Warren's CFPBâ Washington Examiner, October 21, 2014
4. Erika Eichelberger, â[11]10 Things Elizabeth Warren's Consumer
Protection Agency Has Done for Youâ Mother Jones, March 14, 2014
5. Eichelberger, â[12]A GOP Senate's First Target: Elizabeth Warrenâs
Consumer Protection Agency.â
6. Danny Vinick, â[13]Elizabeth Warren's Warnings About Financial
Reform Are Already Coming Trueâ Mother Jones, January 9, 2015.
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References
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1.
http://act.credoaction.com/sign/Warren_CFPB?t=1002&akid=12660.23357.34TR07
2.
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3.
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6. http://act.credoaction.com/go/111?t=1007&akid=12660.23357.34TR07
7.
http://act.credoaction.com/sign/Warren_CFPB?t=1008&akid=12660.23357.34TR07
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[1]CREDO action
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