I am ecstatic that those who were wrongly scammed by TransUnion and Equifax will get over $17 million in restitution (re: “Consumers to receive over $17M thanks to CFPB”)! This is just one example of the great work that the Consumer Financial Protection Bureau does on behalf of hardworking Americans.
Consumer protection is not a Republican issue or a Democratic issue. It is an issue that impacts all of us who work hard and pay our dues. We rely on financial services to help us build and maintain credit, borrow money when we need it, help us obtain a home of our own and pay it all back. When companies start to exploit the financial stability of their customers, I think we can all agree that they need to be held accountable. We deserve to be safeguarded from scams.
The one agency dedicated to doing just that is the Consumer Financial Protection Bureau. I believe that we can come together across party lines and ensure that this agency continues its efforts to fight for all Americans. Whether its regulating big banks or predatory loan providers, the CFPB works for all of us, Republicans and Democrats alike.
Erin Goodyear
St. Louis