We need a president who will stand up for the CFPB and get it back into fighting shape. It is too important to be allowed to disintegrate.

Before the CFPB, there was no single agency or entity within the federal government tasked with protecting Americans from predatory or negligent practices of banks, credit card companies, mortgage lenders, payday lenders, credit rating agencies and other financial service businesses.

I have seen how payday lenders and check cashing outfits set up in towns around military bases to take advantage of young service members, whose starting salaries are barely over $20,000 per year.

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