To: Sen. Ted Cruz (R-Texas)
Don't let Ted Cruz abolish the CFPB!
Ted Cruz: Withdraw your radical bill to abolish the consumer protection agency!
Why is this important?
It's hard to believe – Sen. Ted Cruz just introduced a bill this week to ABOLISH the successful consumer protection agency!
That’s the agency that brought Elizabeth Warren to prominence when she first proposed it in 2007.
Sign the petition to tell Ted Cruz: Withdraw your reckless plan to abolish the Consumer Financial Protection Bureau (CFPB).
Ted Cruz is running for president, and the Wall Street executives funding his campaign *love* this scheme.
Wall Street can't stand having an agency dedicated solely to protecting everyday people from getting ripped off by big banks, payday loan sharks, and credit card companies.
In just under 4 years since being founded, the CFPB has:
• Forced big banks to return more than $10 billion to consumers they had cheated.
• Investigated for-profit colleges with deceptive advertising that has thrown hundreds of thousands of students deep into debt.
• Just this week, CFPB forced Citigroup to return $770 million to consumers after pushing consumers into taking bad credit cards using deceptive practices.
Ted Cruz calls abolishing the consumer protection agency “a step in the right direction.” The only direction it would take us is back to the ‘Wild West’ days of Wall Street bankers running wild and ripping off consumers.
Tell Ted Cruz: Stop your attempts to undermine the consumer protection agency!