Statement by Senator Warren on CFPB Appeals Court Decision
Washington, DC – U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on the decision by the U.S. Court of Appeals for the D.C. Circuit on the Trump Administration’s attempt to shut down the Consumer Financial Protection Bureau:
“Today’s divided panel decision willfully ignores the Trump Administration’s unprecedented and lawless attempt to destroy an agency created by Congress that has helped millions of families across the country. As Judge Pillard emphasized in her dissent, the evidence against Administration officials is “damning” and the majority hid behind technicalities to let them off the hook. Fortunately, the Administration cannot yet resume its illegal attempt to shut down the CFPB: The court’s rules make clear the panel decision won’t take effect until the plaintiffs have a chance to ask the full D.C. Circuit to review the case. The fight continues for the agency that has returned over $21 billion to Americans who were scammed or cheated by big banks and giant corporations.”
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