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Thursday, May 21, 2015

Senator Perdue Introduces Bill to Increase Oversight of CFPB

Senator David Perdue (R-Ga.) on Tuesday introduced a bill that would subject the Consumer Financial Protection Bureau to the congressional appropriations process, extending Congress’ oversight of the agency. The CFPB is currently funded directly by the Federal Reserve.

“Right now, the CFPB is a rogue agency that dishes out malicious financial policy and creates new rules and regulations at whim without real congressional oversight,” Perdue said. “The American people, through Congress, deserve a closer look at the CFPB and how its actions will impact consumers.”

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