Political Quotes

“it is not enough that President Trump has injected chaos and inflation into the economy with his illegal tariffs, unauthorized war, and his so-called Big Beautiful Bill. He is also stripping protections for average Americans against being defrauded and scammed out of their money. Case in point, through Russell Vought, who is moonlighting as the Director of Consumer Financial Protection Bureau or the CFPB, Trump is dismantling the Military Lending Act or MLA. He has fired the CFPB staff responsible for enforcing this law, dismissing active cases against lenders for defrauding and scamming the troops, and refusing to supervise financial companies to make sure they comply with the Military Lending Act. Back in 2006, the Senate passed the Military Lending Act by unanimous consent. I strongly support this law because as a former military officer, I have seen how servicemembers have had their lives and careers ruined by predatory lending. And in 2010, the Senate strengthened this law again in a bipartisan fashion--completely bipartisan--by giving the CFPB powerful supervision and enforcement authority. Since then, the CFPB has returned $360 million to servicemembers and veterans. They have won major cases for violations of the MLA, and as result, corrected the behavior of many predatory lenders. But Mr. Vought is unilaterally defanging this Agency--taking it apart.”