Chants of “let us work!” rang out across the courtyard of the Consumer Financial Protection Bureau (CFPB) blocks away from the White House on Monday, as hundreds of angry protesters rallied against the Trump administration’s decision to suspend all operations at the US’s top financial watchdog – an agency that has clawed back more than $21bn from Wall Street for defrauded consumers.
Christine Chen Zinner, senior policy counsel for consumer financial justice at Americans for Financial Reform, was also at the rally, and warned that shutting the CFPB would eliminate crucial consumer protections.
‘We are here to fight back’: hundreds protest suspension of US financial watchdog Lawmakers Elizabeth Warren and Maxine Waters join rally after Trump administration suspends all CFPB operations.
A September poll from Americans for Financial Reform showed that 91% of voters believe it is important to regulate financial services to ensure they are fair for consumers, including 95% of Democrats, 87% of Republicans and 88% of independents.
“Elon Musk spent over $280m to elect Donald Trump, and Donald Trump has given Elon Musk the keys to the United States government,” he said.
