“The CFPB has put more than $21 billion back into consumers’ pockets, underscoring that a strong and independent watchdog can make a real difference in the lives of millions of American families,” said Mike Calhoun, president of the Center for Responsible Lending. “This legislation would help safeguard the agency's ability to continue protecting families from financial abuse, policing unfair practices and holding bad actors accountable. It would also ensure that no future administration can effectively dismantle the nation’s consumer watchdog by depriving it from the resources it needs to do its job.”
