Quotes About CFPB

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

I have and will continue to be an advocate for the important role the CFPB plays in our economy. In fact, I have voted overwhelmingly against legislation that would weaken, defund, or eliminate the agency.

The CFPB has an obligation to protect our seniors, protect our frontline workers, protect our service workers, and protect our families by developing tools to combat predatory debt collection practices.

And in the new Consumer Financial Protection Bureau (CFPB), American families now had a powerful advocate in their corner. Through its work, they could expect a fairer, more transparent credit market, and real savings as they tried to buy a house, finance a car, deal with a family emergency, send their kids to college, or plan for retirement.

The biggest issue I have with the CFPB is that I don't believe that they should be funded out of profits from the Federal Reserve.

We need a president who will stand up for the CFPB and get it back into fighting shape. It is too important to be allowed to disintegrate.