Press Releases

Waters: Republicans Continue Attacks on Consumers

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Washington, DC, June 14, 2016 | comments

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on House Republicans’ so-called regulatory reform agenda:

“House Republicans are once again making it clear that they do not care. Last week, they showed America that they don’t care about people living in poverty by releasing a fake poverty agenda that would punish and blame the poor instead of investing in critical resources like housing. This week, they are focusing their disregard on America’s consumers. They’ve released a deregulatory platform that would dismantle the Consumer Financial Protection Bureau that was created by the Dodd-Frank Act to give consumers the kind of protections they didn’t have before.

“Republicans are quick to highlight the costs of regulation while ignoring the proven benefits. For example, the Consumer Financial Protection Bureau has returned $11.4 billion to more than 25 million Americans who were harmed by predatory financial practices. The American people understand the importance of the CFPB. Republicans should stop these hackneyed attempts to deregulate consumer protection.”

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