#TakeAction – May 20, 2019

Call Rep. Schrier and urge her to vote for H.R. 1500:

“Hello, my name is [NAME] and I’m a constituent of Rep. Schrier living at / in [ADDRESS or PLACE]. I’m calling today to urge a vote for H.R. 1500, the Consumers First Act. In 2010, Congress enacted the Dodd-Frank Act. The principal purpose of that Act was to protect consumers from the kinds of predatory financial services practices and products that led to the Great Recession. One of the main achievements of Dodd-Frank was the establishment of a Consumer Financial Protection Bureau, with the authority to enforce federal consumer financial laws consistently for the purpose of assuring that all consumers have access to consumer financial products and services that are fair, transparent and competitive. Ever since Donald Trump’s inauguration, however, his administration has taken one action after another to weaken or sabotage the consumer protections of Dodd-Frank and to hamstring the CFPG. H.R. 1500 would reverse many of those actions, and would prevent the Administration from taking further steps to prevent the CFPB and other financial regulatory agencies from doing their jobs. Please tell Rep. Schrier that I called to urge a vote FOR H.R. 1500.”

Additional Background:
Among other things, H.R. 1500 would:
• Direct the CFPB leadership to reverse all anti-consumer actions taken under Mick Mulvaney’s leadership; 
• Limit the number of political appointees the Consumer Bureau may hire;
• Restore the supervisory and enforcement powers of the Office of Fair Lending and Equal Opportunity; 
• Reestablish a dedicated student loan office; 
• Reinstate the Consumer Advisory Board that was effectively terminated by Mr. Mulvaney with protections to ensure consumer voices are well represented, and that diversity and inclusion are promoted, on the agency’s advisory boards; Require adequate agency staffing, including for supervision and enforcement; 
• Require all consumer complaints to be publicly available on a Bureau website
• Eliminate the CFPB Director’s ability to limit the powers and duties of the Office of Fair Lending and Equal Opportunity as set forth in Dodd-Frank to only those powers and duties delegated by the Director
• Require more reporting about and encourage greater cooperation with other government agencies, like the U.S. Departments of Education and Defense. 

Sources:
House Rules Committee page on H.R. 1500 (with links to text and Committee report): https://rules.house.gov/bill/116/hr-1500
House Financial Services Committee Announcement: https://financialservices.house.gov/uploaded…/cfa_-_op.pdf
Ballard Spahr Consumer Finance Monitor: https://www.consumerfinancemonitor.com/…/chairwoman…/

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