Rep. Duffy Leads Bipartisan House Push for CFPB Oversight
Rep. Sean Duffy (R-WI) recently argued before the U.S. House of Representatives regarding the “dangerous” nature of the Consumer Financial Protection Bureau (CFPB). Duffy gave an impassioned speech, outlining some of the much-needed reforms to the CFPB, including replacing the Bureau’s Director Richard Cordray with a board responsible solely to the American people. Duffy’s sponsored HR 3193, The Consumer Financial Freedom and Washington Accountability Act, was passed the House by a strong bipartisan vote of 232-182.
“This is a bill about accountability and transparency,” said Duffy. “If you are here to protect the consumer, why don’t you ask the consumer for permission and consent to take their information? This is the right thing to do. Let’s empower Congress and the American people. Let’s reform the CFPB and actually make it work.”