Blake Moore: “I would like to thank the chair and the ranking member for agreeing to this en bloc amendment request. These three…”

“I would like to thank the chair and the ranking member for agreeing to this en bloc amendment request. These three amendments, offered with Financial Services ranking member Ms. Waters, Mrs. Maloney of New York, and Mr. Ellison of Minnesota, address Republican attacks on the Consumer Financial Protection Bureau, the CFPB. The Consumer Financial Protection Bureau is one of the central pillars of the Wall Street reform, the Dodd-Frank Act. To date, the Bureau has returned more than $11.4 billion to 25 million consumers that have been harmed by predatory financial practices. Let me repeat that for you, Mr. Chairman. $11.4 billion has been returned to our constituents, 25 million of them, as a result of the work of the CFPB. Yet our colleagues on the other side of the aisle want to again side with foes of the Bureau, with the predatory and other unscrupulous lenders. Our amendment seeks to preserve the independence and efficacy of this watchdog agency. Mr. Chairman, I yield 2 minutes to the gentleman from Minnesota (Mr. Ellison), a member of the Financial Services Committee.”