The Consumer Federation of America released the following statement in response to the introduction in the Senate of 20 Joint Resolutions of Disapproval to reverse the Trump Administration’s rollbacks of corresponding CFPB rules.  

“The CFPB was created after excessive risk-taking on Wall Street led to millions of Americans losing their homes, jobs, and savings,” said Adam Rust, Director of Financial Services at the Consumer Federation of America. “Since its launch, the CFPB has unrigged the economy, holding big financial companies accountable when they take advantage of consumers. With each rollback of these 20 rules, the Trump CFPB has re-rigged our economy in favor of bad actors.”