Well That's Not Very Populist
On Friday, the billionaire-packed Trump Administration filed a brief in a case challenging the structure of the Consumer Financial Protection Bureau. (*Full disclosure: How to Help's Chris Vaeth previously worked at the CFPB).
The White House wants the authority to say you're fired to CFPB Director Richard Cordray.
Scratching your head too?
In the wake of the financial crisis, Director Cordray has led the agency that has fixed the mortgage market, handled more than a million consumer complaints, and returned $12 billion to nearly 30 million victims of financial predators.
Congress originally structured the agency to be independent from political meddling so it could do its job. Why wouldn't our populist-in-chief want to keep it that way?
How to help keep the cop on the beat
Join the efforts of Americans for Financial Reform and Allied Progress to defend the CFPB.
Follow #DefendCFPB on Twitter for updates.
Need help? See what the CFPB can do for you. If you're being mistreated by a financial institution, you can file a complaint at www.consumerfinance.gov or 855.411.CFPB. The CFPB can help with problems with mortgages, student loans, auto loans, payday loans, debt collection, credit reporting, bank accounts, prepaid cards, remittances, and more. The CFPB call center provides support in 180+ languages.
*We'll keep you updated on the court case.