Duffy Bill Brings Much Needed Reforms to the CFPB

Statement

WASHINGTON, DC -- The House of Representatives began debate on consideration of U.S. Representative Sean Duffy's bill, the Consumer Financial Freedom and Washington Accountability Act. On Tuesday, Rep. Duffy argued for much needed reforms to the Consumer Financial Protection Bureau (CFPB); a dangerously powerful and dangerously unaccountable agency:

"The Consumer Financial Protection Bureau is collecting data and information on almost one billion credit cards…do you think they've asked the American people's permission to take their financial data? Absolutely not.

"All we ask for in this reform bill is, if you want to take the American people's financial data, and you say you are here to protect the American citizenry, then why don't you ask them?"

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