Protect Student Borrowers: Stand Up For The Consumer Bureau
The White House and U.S. Congress
When banks steal our money, the Consumer Financial Protection Bureau fights to get it back. The Bureau has returned nearly $12 billion to over 29 million Americans scammed by their financial firms. And they've also taken important strides to stand up for student loan borrowers.
When the student loan servicer Navient unfairly & illegally squeezed student borrowers, the Consumer Bureau sued them. The Bureau also took action against a nationwide financial aid scam that charged students millions for sham services. And when for-profit colleges like Corinthian and ITT preyed on their students with predatory loans, the Bureau sued them, too, fighting to recoup students' money.
Despite -- or perhaps because of -- this good work, Wall Street, predatory lenders, and their friends in Congress and the Administration have big plans to gut the Bureau. We have to fight back against this assault on the agency standing up for student loan borrowers, and other customers who’ve had their money stolen by financial firms. Let them know you’re watching!
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To:
The White House and U.S. Congress
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[Your Name]
The Consumer Financial Protection Bureau has done crucial work to safeguard Americans against the deceptive and abusive practices of big banks, student loan servicers, credit card companies, and predatory lenders. Congress must protect this important work, not seek to grind it to a halt by gutting its funding, hamstringing its independence, or seeking to unseat the Bureau’s hard working Director, Richard Cordray.