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Brown Once Again Fights Trump Administration Efforts to Undermine Consumer Protection Agency

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement as the Supreme Court is set to hear oral arguments this week in Seila Law v. CFPB, a case to determine whether the Consumer Financial Protection Bureau (CFPB) is constitutionally structured. Brown has been a vocal champion of the CFPB since its inception and has led efforts by the Trump Administration to dismantle the consumer protection agency.

“Ten years ago, in response to the most devastating financial crisis since the Great Depression, we created the Consumer Financial Protection Bureau with an independent Director to protect working families against financial abuse by Wall Street banks, payday lenders, and other companies that make money by cheating consumers. That decision has been vindicated by the more than $12 billion that the CFPB has returned to consumers and the millions of consumers who have been protected from predatory practices. It’s telling that the only agency the White House is legally challenging is the one created for the sole purpose of protecting consumers.”




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All Information was gathered from publicly available US Government releases. "§105. Subject matter of copyright: United States Government works Copyright protection under this title is not available for any work of the United States Government, but the United States Government is not precluded from receiving and holding copyrights transferred to it by assignment, bequest, or otherwise. ( Pub. L. 94–553, title I, §101, Oct. 19, 1976, 90 Stat. 2546 .)"