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Consumers First Act: Consumer Groups Applaud House On Passage

Thursday, May 23, 2019
Jacob Wolinsky | Value Walk
Deborah Goldstein

Consumer groups today applauded passage of the Consumers First Act.

The previous leadership of the Consumer Financial Protection Bureau recovered over $12 billion in restitution and cancelled debts for over 30 million Americans. Under its new leadership, the CFPB has not lived up to that standard. It has failed to adequately enforce the rules, while advancing a set of proposals that roll back, rather than advance, consumer protections.