This week, as Ranking Member of the Senate Banking Committee, I questioned the Director of the Consumer Financial Protection Bureau (CFPB) on why his agency is still putting forth policies that dictate what families can and cannot have simply by regulating products out of existence and pricing people out.
Additionally, the agency’s burdensome regulatory agenda continues to reduce access to credit, limit consumer choice and stifle innovation in the financial sector. That’s plain wrong. The best way to protect consumers and provide economic opportunity is to encourage competition and set clear rules of the road. I will continue to call on Director Chopra to do just that.
Read more about the Banking hearing here. |