Political Quotes

“today, I rise to oppose the resolutions, these three CRAs. Under former Director Chopra, the Biden CFPB frequently pushed or ignored the limits of the CFPB's authority. Consistently, they ignored their own limits because power--power--was more important than doing the right thing for small businesses across this great country. He attempted to assert the CFPB in issues far outside its statutory limits, including healthcare, labor, and technology. The Biden CFPB's guidance documents we are discussing today were highly prescriptive, established new regulatory requirements, and were all issued without formal rulemaking under the Administrative Procedure Act's notice and comment process. This is not speculation. Multiple Biden CFPB policies have been struck down in courts--let me say it differently. Court after court after court struck down nonsense after nonsense after nonsense. The current administration was right to correct this overreach and refocus the CFPB. Last year, Congress enacted a Congressional Review Act resolution rejecting the Biden CFPB's last-minute attempt to impose price controls on overdraft fees. These are those junk fees that you heard President Biden talk about during his State of the Union presentations and speeches. It is utterly ridiculous to lump all these things together.”