Abolish the Consumer Financial Protection Bureau
What the document says“Congress should abolish the CFPB and reverse”
The full sentence asks Congress to abolish the bureau and reverse section 1061 of Dodd-Frank, returning the consumer protection function to banking regulators and the Federal Trade Commission. The part calls the bureau highly politicized, damaging, utterly unaccountable and unconstitutional, and says that provided the Supreme Court affirms a Fifth Circuit holding then pending, the next President should order the immediate dissolution of the agency, pull down its rules and guidance and return its staff to their prior agencies.
What the document actually says“Congress should abolish the CFPB and reverse”
Congress should close this agency down.
One agency polices banks and lenders for unfair treatment of customers. The book says it answers to no one. It says Congress should close it.
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