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Earlier this week, Senator Ted Cruz and several of his Republican colleagues introduced a bill to eliminate the Consumer Financial Protection Bureau. This comes on the heels of Jeb Hensarling – the Republican Chairman of the House Financial Services Committee – penning an op-ed in the Wall Street Journal last week calling the CFPB a form of “tyranny” that has “eroded freedom” and “must go.” When these Republicans rant and rave about the CFPB, I wonder if they have ever talked to anyone about the
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Senator Van Hollen asked CFPB’s Director, Rohit Chopra, for an estimate of how much money Consumer Financial Protection Bureau (CFPB) is saving consumers by cracking down on illegal financial schemes: Director Chopra: Consumer Financial Protection Bureau (CFPB) has collected over $17B just in a subset of its work. —— #DefendCFPB #ProtectConsumers | Americans for Financial Reform
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