Democratic lawmakers warn axing Consumer Financial Protection Bureau will leave troops vulnerable to fraud and scams

closing Consumer Financial Protection Office Service members who depend on accounting initiatives will leave the agency less guarded than professional fraud and financial crimes.

Three members of the US Senate Committee on the affairs of the old warriors from the administration and budget office have urged. I issued dozens of directions For employees, cut the office effectively on the knees.

“These short-sighted procedures leave the members of the service and the old warriors-who are among the most targeted of financial crimes-vulnerable to fraud and ill-treatment,” read the message, which was sent until Thursday morning and participated first with NBC News.

The message was signed by Duckworth, D-Lel. ; Senator Richard Blumerment, D. Con. And the Senator Mazi Herono, De Hawaii.

In an interview with NBC News, DuckWorth said that young members of service are targeting by bad actors, such as the on -day payment lenders and doubtful car dealers, especially because the wages of military members can be decorated. She added that young service members are more likely because they are often separated from their support network and may not be wise for such plans.

“Once the army is recruited, they know that you will get this job for four or six years, and then they can only get your salary,” said Dakright. “They are the favorite goals.”

Since its inception in 2011, CFPB said that its enforcement procedures in 42 cases have been damaged to the members of the service and the old warriors have handed over $ 183 million of recession to the victims.

The office is responsible for taking judicial measures when federal laws aim to protect the members of the service – including the Military Equipment Law, designed to deter predate practices -.

The office also participates in the veteran work squad for fraud and evading fraud, which was launched by then President Joe Biden in 2023 to abandon fraud and fraud against old warriors, service personnel and their families.

The legislators said that the guarantees are important, because stealing identity or bankruptcy can mean loss of security clearance or the end of the service member profession. The group said it is also necessary, as fraud and fraud cost the military community millions of dollars every year.

The Federal Trade Committee said it had received 163,000 fraud reports from old warriors and about 13,000 fraud reports from active service service members from 2015 to 2019.

In 2022, fraud and fraud cost the military community more than $ 414 million, an increase of more than 50 % over the previous year, according to FTC. It grew to more than $ 470 million in 2023, the last year with FTC data available.

“I think you will see these predators destroy their efforts.” “We don’t have time to waste now.”

DuckWorth, and other legislators, wrote to end protection, will lead to “direct national security risks.”

Among the directives of Vogue to employees on February 8, immediately ordered them to “stop supervision and examination immediate Enforcing, “” I mentioned NBC news previously.

in After x On that day, Vought said he has informed the federal reserve, which takes care of us, that “CFPB will not take the next clouds from unplanned financing because it is not” reasonably necessary “to do its duties.”

“The current balance of the office of $ 711.6 million is actually excessive in the current financial environment.” “These competitors, which have long contributed to the inaccuracy of CFPB.”

Last week, a The American boycott judge spent This was unable to finish any CFPB employee for no reason, tampering with records or reduce the amount of money available for CFPB.

The matter came after the National Treasury Union, the CFPB and other groups Fif up a lawsuit against CFPB and Vogue. The judge said that the matter even carries the decision to request the prosecutors for a temporary restriction.

In their message, Democratic lawmakers called Vogue’s “reckless obstruction” and asked him to reconsider.

“We know that predatory actors will always search for opportunities to deceive our warriors and members of the service and their families of the benefits they gained and deserved,” as they wrote, and the arrangement of your stop is a green light that directs them to the next projects. “