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Poll: Strong Bipartisan Support for Consumer Financial Protection Bureau

Tuesday, July 7, 2015

A majority of Republican, Democratic and Independent voters across the nation support the work and mission of the Consumer Financial Protection Bureau, according to a recent national poll sponsored by the Center for Responsible Lending and Americans for Financial Reform. The poll also identified strong bipartisan support for consumer protections to guard against financial predators and for tough enforcement of those protections.

The poll has been conducted since 2012 and support for the CFPB after voters hear a description of its purpose has been relatively consistent. This year, support for the consumer agency was 75 percent, with 85 percent of Democrats, 74 percent of Independents, and 66 percent of Republicans in favor.

"You might think that the further we get from the financial crisis, the less concern we would find. But, that has not happened," said Gary Kalman, executive vice president of the Center for Responsible Lending. "There continues to be strong public support for tough regulation and oversight of the financial services industry."

Overall, the poll indicates broad consensus among likely 2016 voters of both parties on the need for financial regulations and enforcement. The survey of 1,000 likely voters was conducted by Lake Research Partners.

For more information, contact catherine.an@responsiblelending.org or 202-349-1878.