As Director of the Fair Financial Services Project of Texas Appleseed, a sister organization and part of our collaborative network, Ann Baddour helps bring low-income and immigrant consumers into the financial mainstream, combating problems such as predatory lending. For the past four years, she has also been a member of the Consumer Financial Protection Bureau’s Consumer Advisory Board, or CAB, and since last October, has served as CAB chairwoman.
On June 6, Baddour and the rest of the 25-member volunteer board were removed, two days after 11 of them held a press conference, criticizing the cancellations of CAB meetings and apparent efforts to sideline the Board since a Trump appointee took over the Consumer Financial Protection Bureau, or CFPB.
Read what she has to say about it in a New York Times op-ed published on June 7, entitled “Why Did the Consumer Financial Protection Bureau Fire Us?”
According to Baddour, the CFPB, “established to put the financial well-being of families ahead of the interests of lobbyists and Wall Street,” is being “gutted.”
“This sudden move and other recent changes at the bureau, including efforts to loosen rules intended to protect families and businesses, raise the worrisome prospect that the country will once again end up on a path to foreclosed homes, market failures and taxpayer bailouts,” wrote Baddour. Continue reading CHAIR OF PURGED BOARD DECRIES GUTTING OF PRO-CONSUMER AGENCY