U.S. Sens. Ted Cruz (R-Texas), Jim Inhofe (R-Okla.), Kevin Cramer (R-N.D.), John Barrasso (R-Wyo.), and Rand Paul (R-Ky.) today introduced a bill to eliminate the Bureau of Consumer Financial Protection (CFPB). This bill was previously introduced in 2017 and 2019. Upon introduction of this bill, Sen. Cruz said: “The Consumer Financial Protection Bureau’s sole purpose is to enforce burdensome regulations on small business and consumers – with essentially no congressional accountability. The Obama-Biden administration allowed this department to drain government […]
