Political Quotes

“Much more accountability and transparency is needed in Washington, especially at the Consumer Financial Protection Bureau. The Bureau wields broad and unchecked power over our economy, from banks to businesses to anyone who uses credit or payment plans. Abuses of that power, enabled by a lack of accountability and transparency, harms families and businesses up and down Main Streets in Pennsylvania and across the Nation. That is why I rise today in strong support of the Consumer Financial Freedom and Washington Accountability Act. Importantly, this commonsense legislation better protects consumers by prohibiting the Bureau from using personal and private financial information without their knowledge and consent. It also makes the Bureau subject to the regular authorization and appropriations process. This increases the American people's ability to demand accountability through their elected representatives. The legislation will also replace a single and unaccountable director with a bipartisan five-member commission and establish more reasonable thresholds for reviewing and repealing regulations. These changes will help rein in the regulatory overreach coming from Washington, D.C., elites. It will ensure a diversity of viewpoints is represented whenever the Bureau makes decisions that will directly impact families and businesses across the Nation.…”