Political Quotes

“The bottom line is this: Undermining the Consumer Financial Protection Bureau harms Americans' financial security. That is why today I am offering my amendment supporting the Consumer Financial Protection Bureau, the CFPB, and its independence, which is essential in protecting Americans from predatory practices. I offer this amendment at the urging of the Illinois Coalition For Immigrant and Refugee Rights, an invaluable organization in my district. Established after the 2008 financial crisis, the CFPB protects Americans from predatory financial practices and lenders while fighting discrimination in the financial sector. In its first 12 years, the CFPB has been able to return or restore over $17.5 billion to American consumers in compensation, canceled debts, and other relief. It has filed over 4 million complaints against companies on behalf of consumers. My amendment affirms that Congress should not meddle in an independent agency and acknowledges the importance of the Bureau in protecting consumers from exploitative practices, including when it comes to questionable, crushing medical debt. The CFPB's work is incredibly important, especially as medical debt continues to burden communities in my State of Illinois and disproportionately impacts Black and Brown people. Across the country, 41 percent of U.S. adults currently have unpaid medical or dental bills. I know many of them, and many of them are in my own family.…”