September 9, 2025 | WASHINGTON, D.C. — As President Trump’s economic policies cater to billionaires and big corporations at the expense of American families, top economic policymakers and Protect Borrowers’ advisory board members weigh in on the fight ahead and the stakes for working people.

U.S. Senator Elizabeth Warren (MA), ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs:

“With wages flat and costs skyrocketing, families are drowning in debt—mortgages, credit cards, student loans, buy now, pay later, you name it. Protect Borrowers is exposing how rigged our economy is, and how the Trump Administration is making it worse. I’m glad to stand with them in this fight.”

Congresswoman Ayanna Pressley (MA-7):

“For too long, families across this country have been drowning in debt and struggling to make ends meet as the cost of everyday living—from food, housing, childcare to medical care and a college education—continues to skyrocket. With this cruel, callous Trump Administration demonstrating time and again that it has no interest in improving the lives of everyday people, I am grateful to the team at Protect Borrowers for their partnership in standing in the gap. The advocates at Protect Borrowers have the expertise and lived experience necessary to confront the economic struggles that our families are facing and push for policies that will create an economy that works for everyone who calls this country home.”

Rohit Chopra, Director of the Consumer Financial Protection Bureau (2021-2025), Federal Trade Commission Commissioner (2018-2021):

“Debt is often pushed to people to help them achieve the American dream, but too often, that debt turns into a nightmare. As people face higher prices on everyday purchases like groceries and on big-ticket items like health care, this will be a recipe for more and more debt. We have a lot of work to do to ensure this debt does not inflict further harm on families and our economy.”

Randi Weingarten*, President of AFT, AFL-CIO:

“Donald Trump made a lot of promises that his economy would offer something better but with each passing day most Americans are falling behind—being help back by a government ignoring corruption and accountability and letting Wall Street billionaires swamp borrowers, with more and more debt. Protect Borrowers enters this fight at a critical juncture—because it has the tools to help everyday Americans get ahead and hold politicians and corporations accountable. It’s why I’m so excited to keep fighting alongside Protect Borrowers in its brand new mission.”

Jon Donenberg, minority staff director of the U.S. Senate Banking Committee and former deputy director of the White House National Economic Council:

“Under President Trump’s sputtering economy, consumer debt has become an anvil on the backs of tens of millions of families, weakening household finances and choking opportunity. While the Trump Administration and its allies in Congress are content to stand by and watch as this crisis mushrooms, Protect Borrowers fights for those families—armed with the expertise and political savvy to force Washington to listen and deliver the change borrowers deserve.”

Eric Halperin*, former enforcement director, CFPB and former Acting Deputy Assistant Attorney Attorney General for the Civil Rights Division, U.S. Department of Justice:

“Protect Borrowers is building on its legacy fighting for student loan borrowers to advocate for all Americans drowning in debt. While politicians look the other way at the corporate pardons and handouts of special favors happening all across government today, Protect Borrowers will hold bad actors accountable.”

Sam Levine*, former director, FTC Bureau of Consumer Protection: 

“Wall Street and Big Tech are dreaming up new tricks and traps to corral Americans into deeper and deeper debt spirals. Protect Borrowers has the savvy and the know-how to step up for Americans at a time when federal regulators are asleep at the wheel.”

Julie Margetta Morgan*, president, The Century Foundation and former research and regulations director, CFPB: 

“Nearly 20 years after the Great Recession, predatory lenders and debt traps are still waiting around every corner, federal watchdogs have been sidelined by the Trump Administration, and the majority of Americans are enduring a quiet financial crisis. Families can’t wait for leaders to wake up to this reality; they need organizations like Protect Borrowers that are fighting every day for Americans drowning in debt.”

Erie Meyer*, former chief technologist, CFPB and FTC: 

“Big banks—the same mega corporations that begged for government bailouts in 2008—are back to calling the shots in Washington, and Americans are at risk. Protect Borrowers will bring fresh thinking to old problems, and that’s why I love them.”

Lorelei Salas*, former supervision director, CFPB and former commissioner, NYC Department of Consumer & Worker Protection: 

“Protect Borrowers is fighting for a fairer system for all by looking out for debt traps making their way across every sector of the economy, and upholding a commitment to advance racial and economic justice. I am honored to join the advisory board of Protect Borrowers at this crucial time in our country.”

*Member of Protect Borrowers’ Advisory Board.

A full list of Protect Borrowers’ new and continuing advisory board members is available here.

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