People Over Profits
A wild-west style, anything-goes, unregulated mortgage lending market led directly to the 2008 global economic collapse. Millions of Americans lost their retirement funds, their jobs, the very roofs over their heads because our government prioritized the greed of Wall Street and big banks over the American people. Less than a decade later, our lawmakers are gearing up to do it again.
Senator Ted Cruz and Representative John Ratcliffe have introduced two bills (one in the House, and one in the Senate) - S.370 and H.R. 1031 to abolish the Consumer Financial Protection Bureau. Established as part of the Dodd-Frank Bill, the CFPB set to rein in the predatory lending practices of banks that made it easy for borrowers to get loans and credit that they couldn't afford. The CFPB now requires banks to verify the income and application information listed by applicants.
The CFPB also receives and investigates consumer complaints, having addressed over one million complaints since 2011. The bureau has also returned over $11.7 billion to American families. BILLIONS! $3.6 billion of that was direct restitution, while the other $7.7 billion was made up of cancelled and reduced debt and other financial relief.
The Bill is currently in the House Financial Services Committee being reviewed. Let's call the head of the committee, its members, and our representatives and tell them to put American interests ahead of the interest of Wall Street and Big Banks by voting against the bill to abolish the CFPB!
What you can do1. CALL the Financial Services Committee Chair .
Chairman Jeb Hensarling
Financial Services Committee
202-225-7502
2. CALL the Capitol Switchboard and dial zero to ask for your Representative, or any of the below Financial Services Committee members if they represent you at (202) 224-3121
Committee Members:
Peter T. King, New York
Edward R. Royce, California
Frank D. Lucas, Oklahoma
Patrick T. McHenry, North Carolina, Vice Chairman
Stevan Pearce, New Mexico
Bill Posey, Florida
Blaine Luetkemeyer, Missouri
Bill Huizenga, Michigan
Sean P. Duffy, Wisconsin
Steve Stivers, Ohio
Randy Hultgren, Illinois
Dennis A. Ross, Florida
Robert Pittenger, North Carolina
Ann Wagner, Missouri
Andy Barr, Kentucky
Keith J. Rothfus, Pennsylvania
Luke Messer, Indiana
Scott Tipton, Colorado
Roger Williams, Texas
Bruce Poliquin, Maine
Mia Love, Utah
French Hill, Arkansas
Tom Emmer, Minnesota
Lee M. Zeldin, New York
Dave A. Trott, Michigan
Barry Loudermilk, Georgia
Alexander X. Mooney, West Virginia
Thomas MacArthur, New Jersey
Warren Davidson, Ohio
Ted Budd, North Carolina
David Kustoff, Tennessee
Claudia Tenney, New York
Trey Hollingsworth, Indiana
Maxine Waters, California, Ranking Member
Carolyn B. Maloney, New York
Nydia M. Velázquez, New York
Brad Sherman, California
Gregory W. Meeks, New York
Michael E. Capuano, Massachusetts
Wm. Lacy Clay, Missouri
Stephen F. Lynch, Massachusetts
David Scott, Georgia
Al Green, Texas
Emanuel Cleaver, Missouri
Gwen Moore, Wisconsin
Keith Ellison, Minnesota
Ed Perlmutter, Colorado
James A. Himes, Connecticut
Bill Foster, Illinois
Daniel T. Kildee, Michigan
John K. Delaney, Maryland
Kyrsten Sinema, Arizona
Joyce Beatty, Ohio
Denny Heck, Washington
Juan Vargas, California
Josh Gottheimer, New Jersey
Vicente Gonzalez, Texas
Charlie Crist, Florida
Ruben Kihuen, Nevada
USE THIS SCRIPT (feel free to ad-lib, of course)
I'm ___and I'm with the group 2 Hours a Week.
I'm calling to ask Senator/Representative ___to vote AGAINST the proposed bill to abolish the Consumer Financial Protection Bureau. The bureau reined in and out of control and predatory financial industry, returned billions of dollars to American families. Abolishing this critical entity would once again put Americans at risk of being taken advantage of by big banks and Wall Street by putting profits over people. This could also ultimately set us up for another financial crisis. I'm asking that you protect the American people and vote no against this bill.
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