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Voters Overwhelmingly Support the Consumer Financial Protection Bureau’s Recent Actions [1]

['Lew Blank']

Date: 2024-11-21

By Kevin Hanley, Cecilia Bisogno, and Lew Blank

In recent years, the Consumer Financial Protection Bureau (CFPB) — an agency set up after the 2008 financial crisis to regulate mortgages and other consumer finance products to protect consumers from corporate financial abuses — has come under attack from banking interest groups and conservative legislators alike. New polling from Data for Progress demonstrates strong public support for recent actions taken by the CFPB to increase competition in the banking sector and protect consumers from unfair medical billing, misuse of financial data, mortgage lending discrimination, and worker surveillance.

Despite the CFPB’s actions being highly popular, the bureau’s visibility is limited, as a plurality of voters (48%) do not have an initial opinion of the CFPB. Even so, those who do have an opinion overwhelmingly approve of the CFPB across partisanship.

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[1] Url: https://www.dataforprogress.org/blog/2024/11/21/voters-overwhelmingly-support-the-consumer-financial-protection-bureaus-recent-actions

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