The newest poll from the bipartisan polling team Lake Research Partners and Chesapeake Beach Consulting provides fresh evidence that the overwhelming majority of voters across the political spectrum support the mission of the Consumer Financial Protection Bureau (CFPB) and support regulating overdraft fees, credit card late fees, and payment apps.
Among the findings of the poll:
- Over nine in ten voters (92%) believe it is important to regulate financial services to make sure they are fair for consumers.
- After hearing a short description of the CFPB and its mission, four in five voters (80%) express support for the CFPB, including 77% and 69% of Republicans and independents.
- There is remarkably wide support across parties and among independents for a number of CFPB protections that were canceled or overturned by the Trump administration or Congress:
- Over four in five voters support capping credit card late fees at $8 and overdraft fees at $5 (82% each), including over three quarters of Republican voters for each policy.
- Over four in five voters support regulating payment apps (such as Venmo, PayPal, and Cash App) to stop bad practices that harm people (81%), including 80% of Republicans.
- Voters are near-unanimous in their support of stopping financial companies from selling consumers’ personal data (90%) with a high degree of consistency across party lines.