OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Consumer Financial Protection Bureau

Floor Speech

Date: May 18, 2023
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. OGLES. Mr. Speaker, the Consumer Financial Protection Bureau, the CFPB, was designed by liberals to harass American businesses and has been compromising American consumers' access to financial services.

The CFPB is unconstitutional, duplicative, and full of bad ideas. For example, it is currently pursuing a rule that would effectively ban banks from offering overdraft protection, a benefit utilized by millions of Americans.

The CFPB is part of a Federal bureaucracy that Republicans have promised and pledged to do away with.

Today, I am introducing the Mandating the Abolition of a Threat to Consumer Happiness, the MATCH Act, which will impose a permanent hiring freeze at the CFPB, prohibit it from establishing any new positions and transferring employees, and halt any new appointments.

The CFPB is nothing more than Joe Biden's DEI enforcement bureau. It is an agency that needs to be burned to the ground, and I am providing the match.

BREAK IN TRANSCRIPT


Source
arrow_upward