An advertisement attacking the CFPB aired during the GOP debates bashing Elizabeth Warren
Senator Elizabeth Warren took to Twitter to defend herself and the CFPB on Tuesday after an ad aired about her which blatantly portrayed her as a communist dictator. The ad, sponsored by the American Action Group, aired during the GOP debate last night was an attack on the Consumer Financial Protection Bureau. In some respects it garnered more attention than the debate itself. The ad’s point was that the CFPB is making it more difficult for Americans to get the loans they need to buy homes and start businesses. The ad claims, “With the Consumer Financial Protection Bureau, those who need help the most are denied.”
The American Action Group is a self-proclaimed conservative “action tank” formed in 2010 by Norman Coleman. According to Politico, the group plans to air the ad seven times during the debates, costing them $500,000. The AAG is a "social welfare" advocacy non-profit, for the conservative think tank, American Action Forum.
Immediately after the ad aired, Elizabeth Warren sent out a string of tweets, defending her position on the CFPB. Her first and last tweets in the series have so far gotten over 2,000 retweets each.
The Consumer Financial Protection Bureau was created by Congress created in 2010 as part of the Dodd-Frank Wall Street Reform Act. According to their website, the CFPB is “a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.”
The narrator in the ad concludes by saying, “Tell Congress to stop the CFPB now, before they deny you.”
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