On the recordMay 13, 2026
Senate Democrats are on the floor today to fight back against President Donald Trump's actions to raise the cost of living for American families. Now, you may remember that Donald Trump promised to lower costs on day one. Instead, he is deliberately raising them. His war in Iran sent gas prices soaring. His chaotic tariffs are jacking up the costs of everything from coffee to housing. And as we will discuss today, his attack on the Consumer Financial Protection Bureau cost families at least $19 billion in just 1 year alone. The CFPB is the financial cop on the beat for American consumers. Since 2011, it has been working to catch financial crooks, putting over $21 billion right back into the hands of hard-working families that had gotten cheated. From protecting consumers from predatory medical debt to cracking down on hidden fees and shotty credit reporting practices that raised the cost of loans for families, the CFPB has taken action to shield consumers from getting tricked or trapped by giant banks and big corporations. But the Trump administration is hell-bent on destroying the Agency.
Source
govinfo.gov




