John,

The Consumer Financial Protection Bureau (CFPB) is democracy in action, an agency created to hold banks accountable and defend working families from financial exploitation.

That’s why Elon Musk and his Wall Street cronies are pushing House Republicans to gut the CFPB’s funding and strip it of its enforcement powers. Their goal? To leave you vulnerable to junk fees, predatory loans, and discrimination while billionaires like Musk profit from financial chaos.

The CFPB was built to fight for working people, cracking down on abusive practices from banks, credit card companies, and payday lenders. Since its founding, the CFPB has returned billions of dollars to defrauded consumers and fought discrimination in lending. But now, billionaires and Wall Street are using their influence in Congress to gut the agency and remove its independence all to pad their profits.

The CFPB is funded independently, protecting it from political corruption and corporate influence. If Congress defunds it, they hand Wall Street a veto over consumer rights. They hand Elon Musk and his allies the power to exploit Americans without consequence.

Congress must act now: Defend the CFPB’s independence and stop this billionaire-backed assault on consumer protections.

A defunded CFPB means unchecked power for banks to charge abusive fees, discriminate in lending, and trap families in debt cycles all while silencing one of the only federal watchdogs that works for the people.

History shows that Wall Street won’t regulate itself. Without the CFPB, financial institutions will return to the reckless behavior that caused the 2008 crisis, foreclosures, predatory loans, and shattered communities. We cannot let Congress hand the keys to the financial system back to the very billionaires who profit from exploitation.

Protecting the CFPB isn’t just about banking, it’s about defending our democracy from corporate capture. If Elon Musk and his allies succeed, they won’t stop at consumer protections. This is part of their larger assault on democratic institutions that hold power accountable.

Now is the time to fight back. Tell Congress: Keep the CFPB strong, independent, and accountable to the people, not billionaires.

Let’s protect working families and uphold democratic accountability.

- DFA AF Team