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CFPBFacts.com Blog

  1. Oct
    16
    2019

    If elected, Warren would undo the progress CFPB has made

    This past week, twelve Democratic presidential candidates took the stage for their fourth debate—and, of course, Senator Elizabeth Warren didn’t miss the opportunity to bring up the Consumer Financial Protection Bureau. During the debate, Warren made sure to own responsibility for the idea of creating the agency that claims to protect people from big banks. […]

  2. Sep
    25
    2019

    CFPB Director Calls the Bureau Unconstitutional

    Barely a year into her term as the Director of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger is urging the Supreme Court to challenge the constitutionality of the CFPB. She has backed the Trump administration and the CFPB’s efforts to have the Court take up a lawsuit claiming the Bureau “violates the Constitution’s separation of power.” In fact, […]

  3. Aug
    14
    2019

    CFPB Employees Still Lean Strongly Left

    As primary season ramps up and presidential candidates flock to campaign events and debates, many Americans will generously open up their pocketbooks for the candidate they feel is best fit to run the country. While the recipient of an average joe’s campaign donation may not matter much, it can be cause for concern when the […]

  4. Jul
    26
    2019

    Interest Rate Caps Would Only Cause More Harm

    Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez (AOC) have co-sponsored a bill that would cap consumer interest rates at 15 percent. The bill’s purpose is to ban payday loans and their lenders, which Sen. Sanders and AOC deem as “predatory.” But the attacks launched by these politicians are woefully misguided. Capping interest rates will only hurt those […]

  5. Jun
    28
    2019

    What has 6 Months of New Leadership Meant for the CFPB?

    This June marks Kathy Kraninger’s sixth month anniversary as the head of the Consumer Financial Protection Bureau (CFPB). Since assuming the director role, Kraninger has continued to implement free-market reforms, achieving true consumer protection through the supervision of financial institutions–a dramatic departure from the enforcement-by-rulemaking approach the agency was founded on. Kraninger’s Bureau outlined three guiding principles aimed at how to […]

  6. May
    09
    2019

    AOC and Bernie: Again Hurting Low-Income Americans through Their Policies

    The notorious Socialists, Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders, teamed up this week to introduce a new policy further harming low-income Americans: the Loan Shark Prevention Act. This deceptively named legislation would officially cap all interest rates on consumer loans at 15 percent, effectively reducing access to credit for low-income Americans by making it too […]

  7. Apr
    30
    2019

    Welcoming a Kinder CFPB

    In a recent speech, newly confirmed Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger laid out her plan to reshape the agency to focus more on working with financial institutions to protect consumers. Since its creation, the Bureau’s mission has been to protect consumers against bad financial actors. However, over the years, the agency has become […]

  8. Mar
    29
    2019

    Eliminating Payday Regulations is Good for Consumers and Businesses

    Last month, the Consumer Financial Protection Bureau (CFPB) proposed a plan to eliminate the Payday lending regulations created by the Obama Administration in 2017. Consumers and small businesses alike should rejoice in the opportunity for more flexible access to credit, and for an end to these potentially harmful regulations before they have a chance to […]

  9. Feb
    04
    2019

    Former AFR Spokesperson Arrested for Multiple Violent Felonies

    Last week, former Americans for Financial Reform (AFR) employee, Joseph “Jose” Alcoff, was arrested and charged for multiple felonies including aggravated assault, ethnic intimidation, and terroristic threats. AFR is a progressive non-profit which has been a huge advocate in the creation of the Consumer Financial Protection Bureau (CFPB). Alcoff previously served as AFR’s spokesperson and has been […]

  10. Jan
    11
    2019

    Warren 2020?

    This month, the CFPB’s chief architect Senator Elizabeth Warren officially announced the formation of her presidential exploratory committee. But Warren’s brainchild and main 2020 campaign talking point might be doing her more harm than good. While still serving as a Harvard University professor, Warren spearheaded the Bureau’s creation through Congress’s Dodd-Frank Wall Street Reform and Consumer Protection Act. […]