On the recordDecember 2, 2015
You know, the CFPB works. It works to help protect America's families. It works to help level the playing field. Already that agency has been up and operational for just a little over 4 years, and it has forced the biggest financial institutions in this country to return more than $11 billion directly to families they cheated. It has handled more than 750,000 complaints against big financial institutions, against payday lenders, and against college loan services that are cheating people and that are tricking people. So what is the response? Well, it is helping the American people, but it is costing a handful of the biggest financial institutions in this country real money, and they are trying to find a way to make sure the consumer agency doesn't do its job. They want to find a way to weaken that agency, to tie that agency down, and to keep that agency from leveling the playing field for American families.
