Last year, you fought to ensure that our leaders created the Consumer Financial Protection Bureau (CFPB)—the first entity solely devoted to fighting financial crime on behalf of American families. In its developmental stages, the CFPB has already stood up on issues that are important to Latino consumers, such as new ways to make lending terms clearer and commonsense remittance disclosures that plainly detail fees.
Critical among the strong points of this unique bureau is that it will be led by one director. This is essential. As we know, spreading authority over a committee often bloats bureaucracy and weakens performance.
Professor Elizabeth Warren, an avid consumer advocate, is the frontrunner for being appointed as Director of the CFPB. Warren has a long history of fighting for consumers. She has made frequent site visits throughout the nation—including to NCLR’s Affiliates—to assess the fallout of the economic crisis. She knows how our families struggle. However, petty politics is rearing its ugly head once again, and some members of Congress are trying to weaken the CFPB’s influence by denying Warren’s appointment and maintaining the status quo.
Ask your senator to support Elizabeth Warren so American families can finally pull their heads above water!
Make sure your senator knows that you expect strong leadership in these tough times and you will not stand for petty politics that accomplishes nothing.