On the recordNovember 8, 2023
I fully support Chairman Perry's amendment. This agency is a rogue agency. Let me give an example to my friend to my left. The CFPB is irresponsible and reckless. In February 2023, a CFPB employee made an unauthorized transfer of records to a personal email account containing personal information of 256,000 customers. It affected over 45 institutions. We sat with Mr. Chopra during a hearing. He is unregulated. I don't know if you have ever been on a bank board, but they are the most regulated group. Do you know who pays the price, the fines, that they come up with through vague, in today's world, climate change? All these customers up here that are trying to borrow money. It never should have existed. To keep it funded and to keep it as it exists with the personnel, we are going backward. Mr. Chair, I fully support this amendment.
