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USCC Encourages Further Bipartisan Cooperation on CFPB Reform

posted October 16, 2015

October 16, 2015 – Washington, D.C. – The US Consumer Coalition (USCC) released the following statement in response to Americans for Financial Reform’s comments dismissing bipartisan efforts intended to strengthen the Consumer Financial Protection Bureau (CFPB).

“USCC has been advocating for reform of the CFPB since it became clear to the public that the Bureau has strayed from its original mission of educating and protecting consumers. In order to strengthen the scandal-plagued agency, more accountability and transparency is crucial. Staying the course as Americans for Financial Reform suggest, would only serve to decrease the Bureau’s credibility and leave it vulnerable to more partisan attacks. CFPB reform, when approached in a bipartisan manner, will assuage concerns from both sides of the aisle.

“USCC commends Rep. Neugebauer (R-TX) and Rep. Sinema (D-AZ) for outlining the need for meaningful reform. Changes in the CFPB leadership structure, along with increased Congressional oversight, are the only ways to help ensure that the agency stays true to its original mission. USCC encourages more Members of Congress to reach across the aisle to make the CFPB more focused and more effective,” said US Consumer Coalition senior advisor Brian Wise.

 

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

Press Contact:
Diego Sanchez
(202) 617-6155
media@usconsumers.org