May 16, 2024

Scott on Supreme Court’s CFPB Ruling

Washington, D.C. – Today, Ranking Member Tim Scott (R-S.C.) issued the following statement following the United States’ Supreme Court decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America.

“The Consumer Financial Protection Bureau lacks important accountability to Congress and the American people, and under Director Chopra, the agency routinely and brazenly acts outside of the scope of its authority – regulating through blog posts and enforcement actions. While today’s ruling is disappointing, I will continue to work to hold the Bureau accountable and push back on its abuse of power driven by politics instead of policy,” said Ranking Member Scott.