Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during an Oversight and Investigations Subcommittee hearing entitled, “From Watchdog to Attack Dog: Examining the CFPB’s Chopra-era Assault on Disfavored Industries.”

“Thank you. Today, my colleagues on the other side of the aisle are holding yet another hearing to attack the Consumer Financial Protection Bureau under former Director Chopra’s leadership for fulfilling his duties to protect consumers.

That Consumer Financial Protection Bureau returned $21 billion to harmed consumers. On the other hand, under Trump’s leadership the agency has abandoned American consumers and the dedicated public servants who protect them.

I am once again calling on Chairman Hill to bring Acting Director Vought before this Committee to explain the Trump Administration’s unlawful efforts to ‘delete’ the Consumer Financial Protection Bureau and fire 90% of its workers.

Where is the accountability, Mr. Chairman? Unfortunately, for consumers who broadly support having a strong Federal watchdog protecting them from financial rip offs, this Republican-led Congress is not providing it. Mr. Green, I join you in your outrage and disgust at this Administration. They’re trying to wear us out and they’re almost doing it. And of course, none of the members on the opposite side of the aisle are willing to stand up to stop this mess.”

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