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New bipartisan poll shows 79% support for CFPB
Strong public support for consumer protections from debt collection harassment, hidden fees, and overdraft fees.
A poll released Monday shows 79% support among voters across the political spectrum for the Consumer Financial Protection Bureau (CFPB) after hearing about the agency and its mission. The annual poll, first conducted more than 10 years ago, continues to find strong public support for the agency and numerous consumer protections.
Photo by Lake Research Partners and Chesapeake Beach Consulting | Used by permission
Even when presented with arguments against the CFPB as, “an unnecessary bureaucracy that costs jobs and impedes growth,” a majority of voters still support the CFPB’s role in providing rules to protect consumers.
Photo by Lake Research Partners and Chesapeake Beach Consulting | Used by permission
The protections with the strongest support were for those against debt collection harassment (83%), hidden fees (82%), and repetitive overdraft fees (82%).
There was also strong support for preventing debt collection without evidence of debt owed, limiting excessive overdraft fees, and protecting consumers’ credit related to medical debt, each action with 81% support.
The poll, commissioned by the Center for Responsible Lending and Americans for Financial Reform, was conducted by Lake Research Partners and Chesapeake Beach Consulting.
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