The single biggest threat to our banking system is concentration.

That is all I am looking for here, is that consolidation is a problem.

Encouraging giant, too-big-to-fail banks to buy up small banks so there are fewer banks to monitor would be a dangerous mistake.

The single biggest threat to our banking system is concentration.

I am particularly concerned because regulators allowed America's biggest bank, JPMorgan Chase, to swallow up First Republic.

President Biden knows that this is a serious problem. That is why he issued an executive order directing banking agencies to revamp bank merger review process and to use it to, and I will quote him here, 'guard against excessive market…

the CFPB would be accountable to Congress.

The Constitution is clear. Congress can fund the Executive Branch, including the CFPB, banking regulators, and other agencies however it likes and has done so for nearly 250 years.

Democrats will reject Republican efforts to use the Congressional Review Act to eliminate this long-overdue rule, while Republicans refuse to stand up for consumers, including LGBTQ+ small business owners.

Republicans should start listening to their constituents, who can tell them what a junk fee is and explain why they need to support this critical agency's work.

The CFPB is helping root out junk fees, and because of that Americans are going to keep a little bit more money in their pockets.