On the recordJune 24, 2019
Under President Obama, the Consumer Financial Protection Bureau was created and tasked with implementing critical protections for the American people. That work continues to be important today, and I urge the CFPB to maintain the safeguards that were put in place to ensure that Americans get a fair opportunity to succeed. Protecting military families and others from predatory lending is not a partisan issue. Making sure that banks are not targeting students from working and middle-class backgrounds with excessive fees is not a partisan issue. Looking out for senior citizens, who are disproportionately vulnerable to scams is not a partisan issue. Countering fraud and abuse isn't just morally right, it is also an economic imperative. We cannot forget the lessons of the Great Recession about what happens when we let fraudulent and predatory practices run rampant across our economy. We all lose. The House recently passed H.R. 1500, which would reverse recent changes that have weakened the agency's ability to carry out its work. Now the Senate needs to hold its vote on this bill. ____________________
Source
govinfo.gov




