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USCC Applauds Passage of Bipartisan CFPB Reform Bills

posted April 14, 2015

 

April 14th, 2015 – Washington, D.C. – U.S. Consumer Coalition senior advisor Brian Wise released the following statement regarding the passage of two bipartisan bills in the House of Representatives that will advance meaningful reforms of the Consumer Financial Protection Bureau (CFPB) and help preserve consumer choice:

“These bills represent the first step forward in bringing the accountability and transparency to the CFPB that President Obama has promised. The CFPB still represents a threat to the American consumer, but with these bills, and the excellent work of their congressional sponsors, we can begin to protect American consumers from America’s consumer protector.”

The following two bills were approved by the House of Representatives with bipartisan support:

  • H.R. 1259 – Helping Expand Lending Practices in Rural Communities Act (Sponsored by Rep. Andy Barr)
  • H.R. 1265 – Bureau Advisory Commission Transparency Act (Sponsored by Rep. Sean Duffy)

 

The U.S. Consumer Coalition (USCC) is a grassroots consumer advocacy organization working to protect and expand access to free-market goods and services.

Press Contact:
Ray Niemiec
(202) 617-6155
media@usconsumers.org