rich 1.0 Action Network https://actionnetwork.org <link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/form/put-the-cfpb-back-to-work-protecting-consumers?format=js&source=widget'></script><div id='can-form-area-put-the-cfpb-back-to-work-protecting-consumers' style='width: 100%'><!-- this div is the target for our HTML insertion --></div> Americans for Financial Reform https://actionnetwork.org/groups/afr-advocacy-fund-c4 https://can2-prod.s3.amazonaws.com/groups/default_facebook_images/000/014/858/original/AFR_Action_Network_Default_(1).png?1738796429 Republicans on the House Financial Services Committee have released a sweeping discussion draft to “reform” the Consumer Financial Protection Bureau and are accepting public comments through August 21. Their proposal would weaken the agency’s independence, enforcement authority, supervision, and ability to punish financial corporations that break the law. The proposal would place the CFPB under the annual congressional appropriations process, allowing lawmakers to threaten its funding whenever the agency challenges powerful corporate interests. It would narrow the CFPB’s authority over abusive practices, establish a liability safe harbor for certain small-dollar lenders, more than double the asset threshold for CFPB bank supervision, and dramatically reduce a top civil penalty for financial lawbreaking. These changes would give financial corporations new procedural roadblocks, exemptions, and escape routes. They would make investigations slower, penalties weaker, and accountability less likely, even as scams, fraud, junk fees, predatory loans, and abusive financial practices continue harming people across the country. The CFPB already has the authority and responsibility to address these problems. Before the Trump administration took it over, the agency obtained more than $21 billion in relief for over 200 million people, confronted deceptive credit repair companies, protected servicemembers, challenged discriminatory lending, pursued predatory lenders, and fought illegal junk fees. Congress should demand that the CFPB resume those investigations, restore aggressive supervision, protect its experienced staff, and enforce the consumer protection laws already on the books. Tell the House Financial Services Committee to stop weakening the CFPB and insist that it enforce existing consumer protection laws by signing on now. https://actionnetwork.org/forms/put-the-cfpb-back-to-work-protecting-consumers