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Published: April 2012

On the FSC proposal to eliminate budgetary independence of the CFPB

The coalition strongly opposes the FSC proposal to eliminate budgetary independence of the CFPB.

The coalition urges all members of Congress to oppose this budget proposal and similar proposals to dramatically undermine the CFPB’s ability to protect consumers. Funding the CFPB through appropriations would saddle Americans with the cost of supporting the agency and allow big banks to thwart its funding through a politicized appropriations process that other bank regulators are insulated from for good reason.

Lead Organization

U.S. PIRG

Other Organizations

Center for Digital Democracy | Center for Responsible Lending | Consumer Action | Consumer Federation of America | Consumers Union | DEMOS | Empire Justice Center | National Association of Consumer Advocates | National Consumer Law Center | National Fair Housing Alliance | NEDAP | Public Citizen | U.S. PIRG

Download PDF

On the FSC proposal to eliminate budgetary independence of the CFPB   (Opposing_FSC.pdf)

 

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