RM Warren Introduces Amendment to Big, Ugly Bill to Strip Out Republican Attack on CFPB

that the Consumer Financial Protection Bureau is the financial watchdog to keep people from getting cheated on credit cards and mortgages and Venmo and payday loans and a zillion other transactions. When this financial cop can't do its job, there is no one else in the federal government to pick up this slack. The CFPB has returned over 21 billion dollar to more than $25 million Americans who were cheated by big banks and giant corporations. That is why this agency is popular across the country. But from the beginning, Republicans in Congress have been trying to kill it. And now they want to slash the CFPB's modest funding cap almost in half. not to save working people money, but to make it easier for corporations to trick and trap millions of people. Scammers love this Republican move. I urge my colleagues to vote yes to support the CFPB, the little agency that fights for all Americans. And I reserve the remainder of my time.