Broad Coalition Urges House Panel to Reject Bill that Defangs Consumer Watchdog
WASHINGTON, D.C. – Starting today at 10 AM ET, the U.S. House Committee on Financial Services will hold a markup and vote on several pieces of legislation, including a wide-ranging bill that would undermine the Consumer Financial Protection Bureau (CFPB) and support predatory lenders. A diverse coalition of over 70 organizations wrote a letter to Members of the Committee, urging them to vote against this anti-consumer bill . “We need the CFPB to continue as an effective consumer watchdog with independent funding, so that financial industry lobbyists cannot use their influence over the annual